New Delhi, Jan. 25 -- Precious metals continue to remain in a fundamentally strong bull phase, with underlying momentum holding steady despite occasional pullbacks and elevated prices.

Silver crossed the $100-an-ounce mark for the first time, prolonging a blistering rally driven by soaring safe-haven demand and aggressive retail buying from Shanghai to New York.

Spot silver jumped as much as 6.9% to $102.87 an ounce on Friday, taking year-to-date gains beyond 40%, after prices more than doubled in 2025. Gold also rose to a new all-time high, inching closer to the $5,000-an-ounce level.

Meanwhile, back home, MCX silver prices jumped 4% to hit a record high of Rs.3,39,927 per kg on Friday, January 23. MCX gold prices also climbed to thei...