Silver Rate Rally Continues In 2026 As Safe-Haven Buying Pushes Silver Rate Higher: What’s Driving Metal Boom

India

-Madhuri Adnal

Updated: Monday, January 19, 2026, 15:30 [IST]

Gold
and
silver
kept
rising
again
on
Monday,
brushing
aside
every
forecast
of
a
fall
in
prices.
On
the
Multi
Commodity
Exchange,
both
metals
jumped
to
fresh
lifetime
highs.
Silver
crossed
Rs
3
lakh
per
kilogram
for
the
first
time
in
history,
while
domestic
gold
futures
also
climbed
sharply,
giving
no
sign
of
a
pause.

The
surge
follows
strong
gains
through
late
2025
and
into
January
2026,
as
Gold-Silver
Rates
respond
to
global
worries.
With
tensions
overseas
and
trade
moves
by
the
United
States,
investors
appear
to
be
shifting
money
into
safe
assets.
That
trend
is
lifting
gold
and
silver
together
in
Indian
markets.

Gold-Silver
Rates:
Silver
Price
hits
record
above
Rs
3
lakh
per
kg

On
Monday’s
opening
trade
on
MCX,
silver
futures
jumped
by
Rs
13,553
per
kilogram
in
one
go.
That
move
pushed
the
1
kg
Silver
Price
to
a
new
all-time
peak
of
Rs
3,01,315
per
kilogram.
On
the
previous
session,
Friday,
MCX
Silver
Rate
had
settled
much
lower
at
Rs
2,87,762
per
kilogram,
showing
how
steep
the
latest
rally
is.

The
rise
in
January
alone
tells
the
story
of
this
rally
in
Gold-Silver
Rates.
Silver
Price
In
January
2026
has
already
climbed
by
Rs
65,614
per
kilogram
so
far.
On
31
December
2025,
1
kilogram
of
silver
cost
Rs
2,35,701.
From
that
level,
prices
have
now
moved
to
Rs
3,01,315
per
kilogram,
adding
more
than
Rs
65,000
in
barely
one
month.

Gold-Silver
Rates:
MCX
Gold
Rate
jumps
nearly
Rs
3,000
in
a
day

Gold
followed
silver’s
path
on
MCX,
with
the
5
फरवरी
contract
posting
sharp
gains
at
the
start.
MCX
Gold
Rate
for
that
futures
contract
had
closed
at
Rs
1,42,517
per
10
grams
on
Friday.
When
trading
opened
on
Monday,
the
same
contract
quickly
moved
to
a
new
high
of
Rs
1,45,500
per
10
grams,
a
rise
of
Rs
2,983.

Looking
at
the
bigger
picture
for
Gold-Silver
Rates,
domestic
gold
has
been
climbing
since
late
2025.
On
31
December
2025,
10
gram
24
Karat
Gold
Rate
stood
at
Rs
1,35,804.
Compared
with
Monday’s
level,
gold
has
gained
Rs
9,696
per
10
grams
so
far
this
year,
highlighting
strong
buying
in
the
yellow
metal
as
well.

Gold-Silver
Rates:
Global
tension
and
tariffs
support
safe-haven
demand

Analysts
point
to
global
tension
as
the
main
driver
behind
the
recent
jump
in
Gold-Silver
Rates.
Trade
actions
linked
to
“ट्रंप
टैरिफ”
have
again
disturbed
markets,
while
a
dispute
involving
plans
over
Greenland
has
added
friction.
Reports
say
European
countries
are
blocking
those
plans,
and
the
United
States
has
answered
by
imposing
tariffs
on
them.

These
steps
have
raised
uncertainty
in
global
trade
and
politics,
and
that
backdrop
is
steering
investors
towards
safe-haven
assets.
Market
participants
are
turning
back
to
gold
and
silver
for
security,
pushing
both
Gold-Silver
Rates
sharply
higher
on
MCX.
Experts
also
note
that
domestic
price
moves
mirror
the
international
cues
quite
closely.

With
such
fast
moves
playing
out
in
Gold-Silver
Rates,
market
watchers
warn
that
risks
remain
high
for
small
investors.
Prices
of
gold
and
silver
are
reacting
to
factors
beyond
local
demand
and
supply