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On Monday (July 15, 2025), silver prices hit the OBTER 5,000 in the national capital to hit a new summit of ₹ 1,15,000 per kg, as investors raced for safe-house property after weakness in US dollars amid uncertainties on US tariff hazards.
According to the All India Sarafa Association, on Saturday, white metal held rallies on Saturday and 4,500 per kg (inclusion of all taxes) to reach a high level and from 4,500.
According to the association, appreciation of 99.9% and 99.5% purity respectively, ₹ 200 to ₹ 99,570 and ₹ 99,000 per 10 grams (incorporating all taxes).
Senior analyst of HDFC Securities Soumil Gandhi said, “Silver prices are rising, a new record in the domestic market is reaching a high level and the international market is reaching the highest level in about 14 years. The rally is inspired by the change in investor interest towards the option of gold.”
Additionally, silver futures held rallies at a rate of ₹ 2,135 or 1.88% for a record high hit of ₹ 1,15,136 per kg on the commodity exchange.
Meanwhile, the most trading gold contracts for August delivery rose to ₹ 518 or 0.53% ₹ 98,336 per 10 grams on the Multi Commodity Exchange (MCX).
“Gold prices saw a positive tendency, as global tariff stress has been renewed, which maintains the outlook firm. The US put additional tariffs on business partners including European Union, Canada and Mexico and put widespread weakness in the dollar index, a favorite secure,” Jetten Triven Trivid, VP REDELIST – Commodity Endure, Calmist – Commodity, Commodity, LKP Securities said.
In international markets, the spot silver increased by 1.71% to 1.39 39.02 an ounce.
Spot gold in global markets increased to $ 3,371.14 per ounce.
“Gold has resumed upside down movement with prices to move towards its all-time high, the uncertainty related to rising tariffs, the possibility of increasing Russia-Ukraine war, and increasing demand for diversification from ETF investors and central banks,” Pranav Mer, Vice President, Vice President, Vice President, Vice President of EBG-Commodity and Currency Research.
During the week, market participants will closely monitor inflation figures from major economies including the US, UK/ Euro Zone, Retail Sales and Consumer Affairs from the US, which would in turn provide more direction for bullion prices, Mer said.
Published – July 14, 2025 06:10 pm IST
