Gold and Silver Prices Surge: Silver Crosses ₹2.26 Lakh/kg, Gold Climbs to ₹1.43 Lakh per 10 gm
Digital Desk
Gold and silver prices extended their rally on Wednesday, with both precious metals witnessing significant gains in the domestic bullion market. According to the India Bullion and Jewellers Association (IBJA), silver prices surged by ₹3,034 per kilogram to ₹2,26,238, while 24-carat gold gained ₹2,303 per 10 grams, taking its price to ₹1,43,440.
The latest rise comes after three consecutive sessions of gains. During this period, gold has become costlier by ₹4,281 per 10 grams, while silver has jumped ₹10,764 per kilogram, reflecting continued investor interest amid global economic uncertainty.
Latest Gold Rates
As per IBJA data, the latest gold prices are:
| Carat | Price (per 10 grams) |
|---|---|
| 24 Carat | ₹1,43,440 |
| 22 Carat | ₹1,33,223 |
| 18 Carat | ₹1,09,080 |
| 14 Carat | ₹85,082 |
Retail prices quoted by jewellers vary across cities due to taxes and making charges. According to market data, 24-carat gold is currently trading at around ₹1,46,560 per 10 grams in cities including Delhi, Jaipur, Lucknow, Bhopal and Patna, while prices in Mumbai, Kolkata and Raipur are marginally lower at ₹1,46,510.
Gold Up ₹12,000 This Year
Despite fluctuations during the year, gold has remained one of the best-performing asset classes in 2026.
On December 31, 2025, the price of 24-carat gold stood at approximately ₹1.33 lakh per 10 grams. Since then, it has gained nearly ₹12,000, although it remains below its record high of ₹1.76 lakh per 10 grams, touched in January this year.
Silver, meanwhile, has witnessed greater volatility. It is currently trading at ₹2.26 lakh per kilogram, lower than its all-time high of ₹3.86 lakh per kilogram recorded in January, but still significantly higher than historical averages.
Experts See Further Upside
Commodity market experts believe precious metals could continue to remain strong if global economic uncertainty, inflation concerns and geopolitical tensions persist.
According to commodity expert Ajay Kedia, investors may consider accumulating gold and silver gradually rather than making lump-sum investments.
He estimates that by the end of 2026:
- Gold could rise to around ₹1.60 lakh per 10 grams.
- Silver could climb to nearly ₹2.80 lakh per kilogram, depending on international market conditions.
Analysts say demand for safe-haven assets typically increases during periods of global uncertainty, providing support to bullion prices.
Tips Before Buying Gold
Experts advise buyers to keep the following points in mind while purchasing jewellery:
- Purchase only BIS hallmarked gold, as hallmark certification guarantees purity and authenticity.
- Compare daily gold prices using trusted sources such as the India Bullion and Jewellers Association (IBJA) before making a purchase, as rates vary according to purity and market conditions.
How to Check Genuine Silver
Consumers can perform a few simple checks before buying silver:
- Magnet Test: Genuine silver does not stick to a magnet.
- Ice Test: Ice melts faster on real silver because of its high thermal conductivity.
- Smell Test: Pure silver has no noticeable smell, while fake silver may emit a metallic or copper-like odour.
- Cloth Test: Rubbing silver with a white cloth often leaves a black mark due to natural oxidation, indicating genuine silver.
With precious metal prices remaining volatile, market experts recommend that investors closely monitor global economic developments before making large investment decisions.
