Silver extends record run to Rs 2.86 lakh/kg; gold hits fresh record Rs 1.46 lakh/10g in Delhi
New Delhi (PTI): Silver prices zoomed by Rs 15,000 to a fresh record of Rs 2,86,000 per kg in the national capital on Wednesday, while gold also climbed to touch a lifetime high of Rs 1,46,500 per 10 grams, tracking strong global trends.
According to the All India Sarafa Association, silver prices extended their blistering rally for the fourth consecutive day by jumping Rs 15,000, or 5.5 per cent, to touch a new peak of Rs 2,86,000 per kilogram (inclusive of all taxes) up from Tuesday's close of Rs 2,71,000 per kg.
With the latest rise, the metal had appreciated by Rs 42,500, or 17.45 per cent, over the past four sessions from Rs 2,43,500 per kg on January 8.
Traders said silver continued to outperform gold in terms of returns. During the calendar year, the metal has rallied nearly 20 per cent, gaining Rs 47,000 from Rs 2,39,000 per kg recorded on December 31, 2025.
Gold of 99.9 per cent purity also climbed by Rs 1,500 to scale yet another peak of Rs 1,46,500 per 10 grams (inclusive of all taxes) on Wednesday. The yellow metal had settled at Rs 1,45,000 per 10 grams in the previous session.
In the past four sessions, the precious yellow metal prices have risen Rs 6,000, or 4.3 per cent, from Rs 1,40,500 per 10 grams on January 8.
So far this year, gold prices have gained Rs 8,800, or 6.4 per cent, from Rs 1,37,700 per 10 grams recorded on December 31, 2025.
The domestic bullion rally mirrors sharp gains in the overseas markets.
Spot silver breached USD 91 per ounce-mark for the first time, surging more than 5 per cent to a record of USD 91.56 per ounce while gold advanced by 1.14 per cent, to a fresh record of USD 4,640.13 per ounce.
"Persistent geopolitical unrest across the globe and a weak dollar index boosted safe-haven demand, while softer inflation data increased expectations of a interest rate cut by the US Federal Reserve, underpinning safe-haven appeal," an expert said.
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Surjewala slams Pratap Simha’s ‘vile’ remarks on CM Siddaramaiah, demands apology from BJP
Bengaluru (PTI): Congress general secretary and Karnataka in-charge Randeep Singh Surjewala on Saturday launched a sharp attack on the BJP over alleged disparaging remarks made by former Mysuru-Kodagu MP Pratap Simha against Chief Minister Siddaramaiah during an assembly bypoll campaign in Bagalkote.
Simha made the remarks while campaigning for BJP candidate Veerabhadrayya Charantimath, triggering a political row ahead of the by-elections scheduled for April 9.
Congress has fielded Umesh Meti, son of former MLA late M Y Meti, whose death necessitated the bye-election.
"Pratap Simha's vile remarks about Chief Minister Siddaramaiah in Bagalkot have exposed the BJP's despicable politics once again," Surjewala said in a social media post.
Alleging a larger political design, he added, "It is increasingly evident that Pratap Simha’s outburst is driven by desperation," and accused the BJP of using such remarks to target backward classes, Scheduled Castes, and minorities.
The Rajya Sabha member further claimed that the incident reflects a pattern within the party. "This is not one man's madness—it is the BJP’s political culture," he said, adding that the remarks were aimed at "denigrating leaders from marginalised communities".
Referring to past incidents, Surjewala said, "CM Siddaramaiah and his deputy D K Shivakumar have received death threats in the past, including one from BJP leaders who warned that their bodies would be stuffed into a refrigerator."
The Congress leader also criticised the BJP’s bypoll campaign strategy, alleging "internal contradictions".
He pointed to the party’s use of expelled MLA Basanagouda Patil Yatnal in campaigning despite earlier disciplinary action against him, accusing the BJP of resorting to "abuses and indignities" against opposition leaders.
Surjewala demanded immediate action from the BJP leadership, including Prime Minister Narendra Modi, BJP national president Nitin Nabin, state president B Y Vijayendra, and Leader of Opposition R Ashoka.
He said they must tender a public apology to Kannadigas, particularly to OBCs, SCs, and minorities, over the remarks, and urged the party to expel Simha if it does not repudiate his statements.
Surjewala also called for legal action, demanding that an FIR be registered against Simha and that strict measures be taken.
Warning of "political consequences", he said the electorate in the bypoll-bound constituencies would respond decisively if the BJP failed to apologise, asserting that voters would "teach the BJP a befitting lesson" in the elections.
There has been no immediate reaction from the saffron party yet.
