Gold and Silver Rally to New Records as Tensions Rise and Fed Probe Looms
Gold and Silver Rally to New Records as Tensions Rise and Fed Probe Looms
Gold and silver surge to fresh records as safe-haven demand grows amid US-Iran tensions and a Fed probe, lifting Hindustan Zinc stock.
Gold and silver prices surged to new records in early 2026 as global risk appetite for precious metals remained elevated amid escalating US-Iran tensions and renewed talk of potential Fed policy moves. The yellow metal hovered near historic highs while silver climbed to the $89.60-$90 per troy ounce range, signaling a continued rush into precious metals as a hedge against uncertainty.
In the Indian market, Hindustan Zinc shares rose about 2% to an intraday high around Rs 642, tracking the surge in silver prices which itself advanced about 3% to a fresh record near $89.60 per troy ounce. Domestic silver prices climbed to approximately Rs 2,83,598 per kilogram. Hindustan Zinc stands among the world's top five silver producers, with annual capacity around 800 tonnes, and silver contributing a sizable portion of its earnings.
Analysts note the momentum looks sustainable as safe-haven demand remains firm and momentum indicators stay positive. A buy-on-dips approach is often suggested when prices approach supportive zones, provided macro signals remain favorable. Traders will also be watching the broader macro backdrop, including inflation data and central-bank commentary, for any shifts that could temper the metal rally.
The broader backdrop continues to feature bets on rate cuts amid easing inflation pressures and ongoing geopolitical tensions. If these dynamics persist, gold and silver could maintain their leadership in the precious-metals complex, even as investors weigh the potential for profit-taking and shifting risk appetites.
Overall, the rally in precious metals underscores a cautious market mood, with investors balancing inflation fears, geopolitical risk, and central-bank signals as the year unfolds.
