Gold and silver soar in India: How to invest amid all-time highs

Gold and silver prices in India hit all-time high levels on Wednesday (January 21), tracking global trends amid safe-haven demand. 24-carat gold traded at ₹1.54 lakh per 10 grams, while silver touched ₹3.25 lakh per kg in the spot market.

Analysts attributed the rally to rising geopolitical tensions, safe-haven flows, and a softer US dollar.

Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA), noted that gold’s ability to sustain such high levels indicates strong safe-haven demand amid ongoing geopolitical tensions, while silver has crossed the ₹3 lakh mark, showing bullish sentiment despite expected short-term volatility.

Tata Mutual Fund’s January 2026 commodity outlook highlighted that medium- to long-term fundamentals remain positive for both metals. Gold has gained about 66% in 2025, while silver surged roughly 161%, supported by industrial demand, tight supply, and investor interest.

Ross Maxwell, Global Strategy Operations Lead at VT Markets, noted that silver is more volatile than gold, and entering at current highs could expose new investors to near-term corrections. He advised staggered investments or dollar-cost averaging for those seeking fresh exposure, while existing holders may consider partial profit-taking and portfolio rebalancing depending on their investment horizon.

Analysts said that while gold and silver retain defensive appeal amid global uncertainty, investors should maintain careful positioning and risk management, particularly in the face of potential short-term volatility.

-With agencies inputs