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Gold and silver prices are witnessing an unprecedented rally, driven by growing uncertainty in global markets. Investors across the world are once again turning to safe-haven assets, and the impact of this shift is clearly visible in India’s bullion markets as well. According to reports published by Moneycontrol, both gold and silver have touched fresh all-time highs, leaving investors confused about their next move—whether to buy at current levels, book profits, or stay on the sidelines for now.

Why Are Gold and Silver Prices Rising?

The ongoing surge in precious metals is largely attributed to global economic and geopolitical uncertainty. Concerns over slowing global growth, rising geopolitical tensions, and fears of a potential trade conflict between major economies such as the US and the European Union have increased risk aversion among investors. In such situations, gold and silver are traditionally seen as safe investment options.

Additionally, weakness in the Indian rupee against the US dollar has further supported domestic bullion prices. Experts note that since the beginning of 2026, gold has been on a steady upward trajectory, supported by strong international cues and currency movements.

Gold Crosses Historic Levels on MCX

On the Multi Commodity Exchange of India (MCX), gold futures crossed a historic milestone. For the first time ever, gold prices moved beyond ₹1.5 lakh per 10 grams. February delivery gold contracts settled at around ₹1,52,500 per 10 grams, registering a sharp jump of nearly ₹6,861, or about 4.7 percent, in a single session.

Market experts believe that record highs in global markets, combined with sustained demand for safe assets, have played a crucial role in pushing gold prices to these levels.

Silver Outperforms, Hits All-Time High

Silver has delivered an even stronger performance. On MCX, March delivery silver futures surged by nearly ₹17,723, or close to 6 percent, to reach an all-time high of around ₹3,27,998 per kilogram. Just a day earlier, silver had crossed the ₹3 lakh per kg mark for the first time in history.

In the last two trading sessions alone, silver prices have jumped by more than ₹32,000 per kg, reflecting aggressive buying by investors and traders alike.

Global Markets Add Fuel to the Rally

The bullish trend is not limited to domestic markets. In international trade, precious metals have shown remarkable strength. On the COMEX, gold prices surged past $4,700 per ounce, while silver hovered close to $95 per ounce.

Analysts say that persistent geopolitical tensions, concerns over global economic stability, and expectations of continued monetary support by major central banks are encouraging investors to increase their exposure to gold and silver.

Impact on Local Bullion Markets

The rally has also impacted local bullion markets across Indian cities. In Indore, for instance, gold prices jumped by around ₹4,500 to trade near ₹1,52,500 per 10 grams. Silver prices rose sharply as well, gaining nearly ₹25,000 per kg to reach approximately ₹3,12,500 per kg. Silver coins were reportedly trading at around ₹3,100 per piece.

Local traders indicate that strong buying interest and limited selling pressure are keeping prices elevated in physical markets.

Buy, Sell, or Wait: What Should Investors Do?

Market participants suggest that the current environment demands caution. While the long-term outlook for gold and silver remains positive due to ongoing global uncertainties, short-term volatility cannot be ruled out. Any signs of easing geopolitical tensions, strengthening of the rupee, or stability in global markets could trigger profit booking.

Experts advise investors to avoid aggressive buying at peak levels. Those with a long-term investment horizon may consider staggered purchases, while short-term traders could look at partial profit booking to manage risk. Overall, disciplined investing and close monitoring of global cues are key as the rally in gold and silver continues to unfold.