TaxTMI 
TaxTMI 
Silver defies gravity; hits another record of Rs 2.92 lakh/kg in Delhi
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....ilver defies gravity; hits another record of Rs 2.92 lakh/kg in Delhi<BR>PTI News<BR>Dated:- 16-1-2026<BR>PTI<BR>New Delhi, Jan 16 (PTI) Silver price extended its record-setting rally for the sixth straight day by rising Rs 3,600 to Rs 2,92,600 per kg in the national capital on Friday amid sustained buying by stockists, according to the All India Sarafa Association. However, gold of 99.9 per cent....
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.... purity retreated from its all-time high level and declined by Rs 1,100 to Rs 1,46,200 per 10 grams (inclusive of all taxes) from Rs 1,47,300 per 10 grams in the previous session. Silver had closed at Rs 2,89,000 per kilogram on Thursday. Traders said silver remained resilient on the back of persistent industrial offtake, shrugging off weak global trends. The white metal has now climbed 20.16 p....
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....er cent, or Rs 49,100, in just six sessions, up from Rs 2,43,500 per kilogram on January 8. Silver continues to outpace gold for the second consecutive year, delivering 22.4 per cent returns. Meanwhile, spot gold and silver extended their decline for the second straight day in the international markets, with prices dipping amid a stronger US dollar and fading geopolitical risk premium after redu....
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....ced tensions in the Middle East. Spot gold fell by USD 12.46, or 0.27 per cent, to USD 4,603.51 per ounce. "Spot gold is trading 0.25 per cent down at around USD 4,606 per ounce. The yellow metal is under pressure as the US strike on Iran has been averted," Praveen Singh, Head of Commodities, Mirae Asset ShareKhan, said. Spot silver fell 2.26 per cent, or USD 2.08, to USD 90.33 per ounce on Fri....
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....day. In the previous session, the white metal had increased to a fresh record of USD 93.57 per ounce before plunging nearly 8 per cent to an intraday low of USD 86.30 per ounce after the US administration refrained from imposing an import tax on silver and other critical metals. The metal had settled at USD 92.34 per ounce on Thursday. "Precious metals eased on Friday after touching record high....
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....s earlier in the week, pressured by a firm US dollar and reduced expectations of an imminent Federal Reserve interest rate cut," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said. He added that underlying fundamentals remain supportive for the precious metals, with gold benefiting from persistent global economic uncertainty and central bank buying, while silver continues to draw strength....
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.... from industrial demand, particularly from the green energy and electronics sectors. However, strong US jobs data boosted the dollar, triggering near-term profit-taking across precious metals, Garg said. "We remain constructive on the medium to long-term outlook, especially for silver, citing ongoing supply deficits and accelerating industrial consumption as factors that could drive prices to fr....
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....esh highs despite short-term volatility. "In the Indian market, bullion prices also hovered near record levels, supported by currency dynamics," he added. PTI HG HG BAL BAL<BR> News - Press release - PIB....