NEW DELHI: Silver prices surged Rs 9,750 to hit a new record of Rs 2,27,000 per kilogram in the national capital on Wednesday, even as the white metal breached the $72 per ounce-mark in overseas markets, according to the All India Sarafa Association.
On Tuesday, the metal had settled at Rs 2,17,250 per kg.
“Spot silver crossed the $72 level as the bullion prices hit record highs in the international markets,” Saumil Gandhi, senior analyst, commodities, HDFC Securities, said.
During the calendar year, the white metal has risen by Rs 1,37,300, or 153.06 per cent, from Rs 89,700 per kilogram recorded on December 31, 2024.
Gandhi further said a weak US dollar, expectations of dovish monetary policy from the US Federal Reserve, and ongoing geopolitical tensions continue to act as tailwinds for the precious metal.
Meanwhile, the precious metal of 99.9 per cent purity retreated from a record high in the local bullion market by a tad and traded lower by Rs 50 at Rs 1,40,800 per 10 grams (inclusive of all taxes) against the previous close of Rs 1,40,850 per 10 grams on Tuesday.
In the international markets, spot gold crossed the $4,500 per ounce-mark for the first time by rising $41.18, or 0.92 per cent, to $4,525.96 per ounce.
“Spot gold reached a fresh record high of $4,525 per ounce in the Asian session as the US dollar remains on defensive,” Praveen Singh, head, commodiWLHV DQG FXUUHQFLHV 0LUDH $VVHW ShareKhan, said.
In the last four sessions, the precious metal has risen by $186.46, or 4.3 per cent, from the closing price of $4,339.50 on December 19, 2025.
So far this year, the metal has added $1,920.19, or 73.7 per cent, from $2,605.77 per ounce recorded on December 31, 2024.