Gold Silver Rate Update: Silver nears ₹3 lakh per kg while gold rebounds sharply to ₹1.65 lakh. Weak dollar, global tensions, and safe-haven demand push precious metals higher.
Gold and silver prices have staged a strong comeback after last week’s correction, and therefore investors are once again turning to precious metals for safety. On Wednesday, both metals continued their upward momentum in Delhi’s bullion market for the second straight session. Moreover, a weaker US dollar, rising geopolitical risks, and renewed global buying lifted prices sharply. As a result, traders witnessed one of the biggest single-day gains in recent weeks, which clearly signals fresh confidence in safe-haven assets.
Gold Silver Rate Today in Delhi Market
According to the All India Sarafa Association, silver prices surged dramatically, while gold also recorded solid gains. Additionally, the recovery erased most of last week’s losses and brought prices close to record highs. Consequently, investors who bought during the dip are already seeing strong returns.
Silver and gold prices recorded a strong surge in the latest trading session, reflecting renewed buying interest in precious metals. Silver climbed sharply to ₹2,98,300 per kilogram, gaining ₹14,300 or 5.03% compared to its previous closing price of ₹2,84,000 per kilogram. At the same time, gold of 99.9% purity also moved higher and is now trading at ₹1,65,100 per 10 grams, registering an increase of ₹7,400 or 4.69% over its earlier close of ₹1,57,700 per 10 grams, indicating solid momentum across the bullion market.
Meanwhile, intraday trading showed even higher volatility, and silver briefly jumped nearly 6 percent. Therefore, market experts believe that the bullish sentiment remains strong for the short term.
Why Gold and Silver Prices Are Rising
First of all, the US dollar weakened after heavy selling last week, and therefore precious metals became more attractive to global investors. Moreover, when the dollar falls, gold and silver typically become cheaper for foreign buyers, which automatically boosts demand. In addition, investors often shift money into metals whenever equity markets look uncertain.
However, currency movement is not the only reason. Meanwhile, geopolitical tensions between the United States and Iran have increased market anxiety. Consequently, investors are moving toward safe assets like gold and silver to protect their capital. Historically, such crises always support bullion prices, and this time the pattern remains the same.
International Market Impact on Precious Metals
Global prices also supported the domestic rally. Spot silver climbed $4.28, or 5.03 percent, to $89.35 per ounce. Similarly, gold jumped $100.03, or 2.02 percent, to $5,047.07 per ounce. Therefore, strong international buying directly influenced Indian bullion rates. Additionally, large institutional investors increased their exposure to metals, which further strengthened the uptrend.
On the other hand, analysts warn that short-term profit booking may appear after such sharp gains. Nevertheless, the broader trend still favors higher prices because inflation concerns and global risks remain elevated.
Sovereign Gold Bond Investors Face New Tax Rules
Meanwhile, the government introduced an important change that directly affects Sovereign Gold Bond (SGB) investors. Finance Minister Nirmala Sitharaman announced new tax conditions in the latest budget. However, only investors who purchase bonds directly from the Reserve Bank of India and hold them until maturity will enjoy capital gains tax exemption.
Additionally, those buying SGBs from the secondary market will not receive this benefit. Therefore, investors must carefully evaluate their strategy before purchasing bonds. The revised rule will come into effect from April 1, 2026.
Gold Bond Tax Rules Explained Clearly
The tax treatment depends on both the holding period and the type of returns earned. If the original subscriber holds the investment until maturity, no capital gains tax is levied. However, the annual interest of 2.5% is taxable as per the individual’s applicable income tax slab. If the investment is sold within 12 months, the resulting gains are taxed as short-term capital gains. When sold after 12 months but before completing 8 years, the gains attract long-term capital gains tax at the rate of 12.5%.
Hence, while long-term holders still benefit, short-term traders may face higher taxes. Consequently, tax planning becomes essential before investing in gold bonds.
Read Also – Rupee vs Dollar: Investors Stay Cautious Amid India-US Trade Deal Talks
Should You Invest in Gold and Silver Now?
If you seek stability during uncertain times, gold and silver remain reliable choices. Moreover, experts recommend staggered buying instead of lump-sum investments to manage volatility. Additionally, long-term investors often use bullion to hedge against inflation and currency risks. Therefore, disciplined allocation can protect wealth effectively.
To conclude, silver has nearly touched ₹3 lakh per kg. Gold has crossed ₹1.65 lakh per 10 grams. A weak dollar and geopolitical tensions continue to drive demand. International markets remain supportive. Meanwhile, new gold bond tax rules require careful planning. Hence, investors should stay informed and adopt a balanced strategy.
1 thought on “Gold and Silver Prices Surge: Silver Nears ₹3 Lakh/kg, Gold Jumps to ₹1.65 Lakh Amid Strong Bullion Rally”