Gold Soars to Record ₹1.55 Lakh: Is the Rally Just Beginning?
In a stunning surge, gold price in India catapulted to an unprecedented all-time high of ₹1,55,428 per 10 grams on Friday, gaining ₹4,300 in a single session. This isn't a minor spike—it's the climax of a breathtaking 23-day rally that has made the yellow metal ₹22,000 more expensive since the start of the year. Meanwhile, silver isn't far behind, skyrocketing by ₹19,249 today to ₹3,18,960 per kg, marking an astronomical increase of over ₹88,000 since January 1.
For investors and households alike, the question is urgent: What’s driving this meteoric rise, and where are prices headed next?
3 Major Drivers Fueling the Precious Metals Frenzy
1. Global Tensions & The 'Greenland' Standoff
Market analysts point directly to renewed geopolitical friction. US President Donald Trump’s renewed push to acquire Greenland and associated tariff threats against European nations have injected severe volatility into global markets. “Whenever trade war clouds gather, investors flee equities for safe-havens. Gold is the ultimate port in this storm,” notes Jatin Trivedi, VP Research at LKP Securities.
2. The Rupee’s Historic Fall
The domestic gold price story is uniquely tied to the rupee’s plight. With the Indian currency breaching a record low of ₹91.74 against the dollar, the landing cost of internationally priced bullion has soared. “The rupee’s weakness is a powerful amplifier, pushing local prices well above global benchmarks,” explains Trivedi.
3. Central Banks Stockpiling Gold
A relentless buying spree by central banks, including the RBI, to fortify forex reserves continues to strain supply. The World Gold Council reports sustained aggressive purchases in early 2026, following a record 2025. This institutional demand creates a firm price floor.
Silver’s Stellar Rise: More Than Just a Precious Metal
Silver prices are riding a perfect storm. Beyond being a precious metal, its indispensable role in solar panels, electronics, and electric vehicles has transformed it into a critical industrial commodity. Fears of US tariffs have triggered pre-emptive stockpiling by manufacturers, squeezing an already tight market.
Expert Outlook: How High Can Prices Go?
The consensus among experts is cautiously bullish. Dr. Renisha Chainani, Head of Commodity Research, suggests, “If US tariffs escalate and Middle East tensions simmer, gold could reach ₹1.90 lakh per 10 grams in 2026. Silver has a clear path towards ₹4 lakh per kg.”
This view is echoed by firms like Motilal Oswal and Samco Securities, which cite strong technical breakouts and robust green-energy demand. Global investor Robert Kiyosaki has even projected silver reaching a shocking $200 per ounce.
What This Means for You
With gold becoming 75% more expensive and silver surging 167% in 2025 alone, these are not ordinary market movements. For investors, systematic investment in Sovereign Gold Bonds (SGBs) or buying on strategic dips in silver is recommended. For consumers, especially with the wedding season approaching, advanced planning for jewellery purchases is now a financial necessity.
The message from the markets is clear: in an era of geopolitical uncertainty and currency fluctuations, precious metals investment is reasserting its traditional role as a pillar of financial security. The record-breaking numbers are more than just statistics—they're a signal of the times.
