New Delhi. The precious metals market saw a significant surge in silver prices this week. Silver prices recorded a substantial increase of ₹39,082, pushing its value to approximately ₹2.82 lakh per kilogram. This rally is considered significant for both investors and the bullion market, as silver has recently shown stronger momentum compared to gold.

This week saw gains in the prices of gold and silver. Gold increased by ₹4,471 to reach ₹1,41,593 per 10 grams. Previously, last week on Friday, January 9th, it was at ₹1,37,122. Meanwhile, silver rose from ₹2,42,808 per kilogram to ₹2,81,890, meaning its price increased by ₹39,082.

International and Domestic Reasons Behind the Rally
The surge in silver prices is attributed to several key factors. Weakness in the US dollar in international markets, global economic uncertainty, and increasing demand for safe-haven investments have bolstered silver. Additionally, rising industrial demand, particularly from the solar energy, electronics, and electric vehicle sectors, has also supported prices.

Growing Investor Interest
In recent weeks, investor interest has rapidly shifted towards silver. Amid stock market volatility and global geopolitical tensions, investors are seeking options that can offer some degree of protection from risk. Silver, which balances both investment and industrial use, has emerged as an attractive option in this regard.

Impact on the Bullion Market
The impact of this surge in silver prices has also been observed in the jewelry and bullion markets. Prices for silver ornaments and coins have increased in wholesale and retail markets. However, due to the higher prices, a slight slowdown in purchases by small investors and general buyers is also being observed.

What Could Be the Future Trend
Market experts believe that if international cues remain strong and there is no major decline in industrial demand, silver prices could remain at elevated levels. However, following such a sharp rally, profit-booking pressure may also be seen, which could lead to short-term volatility.

New Delhi

New Delhi is the capital of India, officially inaugurated in 1931 as the new seat of the British Indian government, replacing Calcutta. It was designed by British architects Edwin Lutyens and Herbert Baker, featuring wide boulevards and grand colonial-era buildings like the Rashtrapati Bhavan and India Gate. Today, it serves as the political and administrative heart of the country, housing key government institutions and historical monuments that reflect both its imperial past and its modern role as a major global capital.