Per India Bullion and Jewellers Association (IBJA) rates, 24-carat gold jumped ₹2,163 to ₹1,36,133 per 10 grams from Monday's ₹1,33,970. Silver climbed ₹1,523 to ₹2,09,250 per kg, up from ₹2,07,727.
Over 10 days, silver has gained ₹23,762 per kg.
In major cities, 24-carat gold hovered around ₹1,38,500-₹1,39,310 per 10 grams, reflecting local taxes and charges atop IBJA benchmarks.
Year-to-date, gold has soared ₹59,971 from ₹76,162 at end-2024, while silver leapt ₹1,23,233 from ₹86,017.
A weaker dollar post US rate cuts, persistent geopolitical risks from Russia-Ukraine and beyond, and aggressive central bank buying—led by China exceeding 900 tonnes annually—fuel gold's ascent.
Silver's surge stems from booming industrial use in solar panels, electronics, and EVs, preemptive stockpiling amid tariff fears under Trump, and supply constraints prompting advance purchases.
Kedia Advisory's Ajay Kedia forecasts silver hitting ₹2.10 lakh soon and ₹2.50 lakh within a year, with gold potentially crossing ₹1.50 lakh per 10 grams in 2026.
Buyers should insist on BIS-hallmarked gold and verify daily rates across sources. City variations arise from transport costs, demand volumes, local associations, and jewellers' stock pricing.
