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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Modi should leverage his ties with world leaders to de-escalate war in West Asia: Omar Abdullah
Jammu (PTI): Jammu and Kashmir Chief Minister Omar Abdullah on Monday said India can play a meaningful role in de-escalation in West Asia, given Prime Minister Narendra Modi's strong relations with the warring countries and their neighbours.
He said Pakistan was leveraging ties with Iran and the United States, and that any effort towards ending the war should be welcomed.
"As I said in the House (Assembly), we would like the war to end as soon as possible. The role that the prime minister can play may not be possible for anyone else because of his good relations with all these countries," Abdullah told reporters on the sidelines of a function here.
He, however, said any escalation would not be easy to manage.
"Any such move by US President Donald Trump, despite the long history of Iran resisting external domination, would not be easy," the chief minister said.
Asked about Pakistan mediating in the war, he said, "I will simply say that if any country can play a role in preventing this war, no one should have any objection to it."
He added, "I will repeat what I said … our prime minister has good and close relations with all countries — whether it is Israel, the United States, Iran, or the countries around Iran. If those relationships can be used to make some progress and help ease the situation, it would be a good thing."
Abdullah said attacks by terror groups like Lashkar-e-Taiba and Jaish-e-Mohammed in India, as suggested by a report from the United States, are not unlikely.
Meanwhile, he asserted that any efforts to end the war, be it from Pakistan, must not be resisted.
"Pakistan is using its good relations with Iran and the United States to its advantage, and it has done so. How can we object to that? If that angle helps in stopping the war, would you want them not to act and let the war continue? We want the war to stop. If any country can play a role in that, it should. And if we can play an even better role, then we should do so," he said.
On unemployment in J-K, the chief minister said the issue cannot be resolved overnight, and government jobs alone are not the solution.
He stressed the need to explore alternative avenues, highlighting the importance of Mission Yuva in promoting entrepreneurship.
"Mission Yuva provides not just funding but also support in preparing DPRs and post-startup assistance, such as marketing. In just nine months, distributing Rs 1,000 crore and approving numerous schemes is a significant achievement," he said.
Abdullah credited the coordination between the government and Jammu and Kashmir Bank for the scheme's progress.
