Silver prices in New Delhi have reached a record high of Rs 2,56,000 per kilogram, an increase of Rs 5,000. This surge is attributed to strong demand for safe-haven assets, robust industrial buying, and supply constraints, including China's export curbs. Geopolitical tensions between the US and Venezuela are also cited as contributing factors. In contrast, gold prices saw a slight decline, influenced by profit-taking and a recovering US dollar, though geopolitical risks continue to support precious metals.