Gold and Silver Price Today: Metals Hit All-Time High on Tariff News
The global commodity markets witnessed a “Monday Mayhem” as gold and silver prices exploded to new record highs following a dramatic escalation in trade tensions. Investors are scrambling for safe-haven assets after U.S. President Donald Trump issued a fresh tariff warning against eight major European nations over the ongoing Greenland acquisition dispute.
Historic Milestones: Silver Hits ₹3 Lakh
For the first time in history, silver prices in India have breached the psychological barrier of ₹3,00,000 per kg. In early trading on the MCX, silver surged by over ₹10,000 in a single session, reflecting the intense panic buying among global investors.
Gold followed a similar trajectory, with 24-carat gold rates in India jumping to nearly ₹1,45,690 per 10 grams. Globally, spot gold is testing the $4,700 per ounce mark, as the U.S. Dollar Index weakened against a basket of currencies.
The Catalyst: The “Greenland” Tariff Shock
The primary trigger for this sudden rally was a weekend announcement from the White House. President Trump has threatened to impose a 10% tariff starting February 1, 2026, on goods from the UK, France, Germany, and five other nations.
The threat is tied to his administration’s aggressive push to acquire Greenland. The administration stated that these tariffs would escalate to 25% by June unless a deal is reached. This move has rattled European stock markets and forced a massive rotation of capital into “real assets” like precious metals.
Why the Rally Might Sustain
Market analysts suggest that the current surge is not just a short-term reaction but a structural shift.
- Geopolitical Risk: The standoff between the U.S. and its NATO allies has created a level of uncertainty not seen in decades.
- Safe-Haven Demand: When traditional stock markets in Europe and Asia bleed, gold and silver act as the ultimate “portfolio insurance.”
- Industrial Squeeze: Beyond the tariff news, silver continues to benefit from the 2026 solar energy boom, where industrial demand is far outpacing global mine supply.
What Investors Should Do Next
For retail investors in India, the massive volatility presents both an opportunity and a risk. While the long-term outlook for SILVERIETF and Gold remains bullish, a sharp 5-7% correction is common after such vertical rallies. Experts advise a “Buy on Dips” strategy rather than chasing the peak.
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