Gold and Silver Price hike: Gold and silver once again set a new record, what is the price now?:Gold reached Rs 159,226 per 10 grams.

News Topical, Digital Desk : The Indian commodity market is seeing another sharp rise in the prices of precious metals like gold and silver on Friday. After a decline yesterday, both metals have regained their strength today. Consequently, investors and buyers are keeping a close eye on the market.

The weakening dollar and rising international geopolitical tensions have supported prices. Gold prices rose to ₹1,58,400 per 10 grams upon market opening, while silver is trading at ₹3,36,114 per kg. Let's take a look at the status of gold and silver in the commodity market...

Latest gold and silver rates

At around 12:35 p.m. on the Multi Commodity Exchange (MCX), gold futures with February 5, 2026 expiry were trading at ₹1,57,772 per 10 grams. During the trading day, gold had touched a high of ₹1,59,226. Silver futures with March 5, 2026 expiry, reached a high of ₹3,39,927.

Gold and silver prices are seeing a sharp rise in the international market today. Gold prices have risen to $4,951.30 per ounce on COMEX, while silver is trading at $98.790 per ounce. In the morning, gold was trading at around $4,964.00 per ounce and silver at $96.505 per ounce. Subsequently, both prices have risen.

What is the reason for this rise?

Commodity markets fell yesterday following President Trump's comments on the ongoing dispute between Greenland and the United States. However, rising pressure on the US Federal Reserve, international tensions, and a weakening dollar have renewed investor concerns.

This is driving them toward safer investment options. This shift is pushing them toward safe assets like gold and silver, which is supporting these precious metals.

Expert opinion on investing

Brokerage firm Motilal Oswal said on January 21 that investor sentiment is beginning to shift. Global silver ETFs have seen outflows of more than 3 million ounces since the beginning of 2026 , even as prices remain elevated.

In contrast, global gold ETFs have seen steady investment, indicating that investors are increasingly turning to safe investment options rather than risk-taking.