Gold and silver prices touched fresh record highs in the domestic market on Tuesday, supported by strong global trends and continued demand for safe-haven assets amid global uncertainty. Both metals have extended their recent rally, with silver showing significantly stronger momentum than gold so far this year.

In the futures market, gold prices jumped more than 1.7% to hit a record high of Rs 1,59,820 per 10 grams, while silver futures surged nearly 6% to touch an all-time high of Rs 3,54,780 per kg. According to the latest bullion rates, gold was trading around Rs 1,59,070 per 10 grams, up Rs 2,330 or 1.49%, while silver stood at about Rs 3,55,740 per kg, higher by Rs 20,230 or 6.03%.

Silver has already gained over 50% so far this year, reflecting stronger investor interest and sharper price movements compared to gold. In global markets, spot gold remained firm near record levels, trading around $5,068 per ounce after touching a high of $5,110.50 in the previous session. US gold futures were also higher, while silver prices stayed close to all-time highs overseas, lending support to domestic prices.

Gold rates across major Indian cities varied slightly due to local taxes and charges. In cities such as Mumbai, Delhi, Kolkata, Bangalore, Hyderabad and Chennai, 24-carat gold was trading in the range of Rs 16,196 to Rs 16,392 per gram, while 22-carat gold ranged between Rs 14,846 and Rs 15,026 per gram. Silver prices across key cities moved in the range of Rs 3,60,100 to Rs 3,75,100 per kg.

The sharp rise in silver and the steady climb in gold have pushed bullion prices to record levels across India. While gold continues to be viewed as a stable store of value, silver’s faster gains highlight growing volatility and speculative interest. With prices sensitive to global cues and market sentiment, investors and jewellery buyers are likely to closely track daily movements in the coming sessions.