Gold and silver prices registered notable gains during the past week, extending the recent upward trend in the bullion market. According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by ₹2,622 per 10 grams, while silver gained ₹7,247 per kilogram.

The rise comes amid continued fluctuations in precious metal prices driven by global economic uncertainty, investor demand, and movements in international markets.

Gold Climbs Above ₹1.44 Lakh

IBJA data shows that the price of 24-carat gold rose from ₹1,41,378 per 10 grams on July 18 to ₹1,44,000 per 10 grams this week, reflecting a gain of ₹2,622.

Gold has remained one of the preferred safe-haven assets for investors amid market volatility, contributing to its sustained demand.

Silver Crosses ₹2.23 Lakh Per Kg

Silver also posted strong gains during the week.

The price of silver increased from ₹2.15 lakh per kilogram to ₹2.23 lakh per kilogram, registering a weekly rise of ₹7,247.

Although silver has seen sharp fluctuations throughout the year, the latest rally indicates renewed buying interest in the metal.

Gold Up Nearly ₹12,000 in 2026

Gold prices have witnessed significant movement since the beginning of the year.

On December 31, 2025, the price of 10 grams of gold was slightly above ₹1.33 lakh. It has since increased by nearly ₹12,000, reaching around ₹1.44 lakh.

Earlier this year, on January 29, gold touched an all-time high of ₹1.76 lakh per 10 grams, highlighting the extreme volatility seen in the bullion market.

Silver Still Below Its Record Levels

Unlike gold, silver remains below its peak despite this week's gains.

Silver was trading at around ₹2.30 lakh per kilogram at the end of 2025 and currently stands at ₹2.23 lakh, around ₹7,000 lower than its year-end level.

The metal had surged to an all-time high of ₹3.86 lakh per kilogram on January 29, before correcting sharply in subsequent months.

Experts See Further Upside

Commodity market expert Ajay Kedia believes both gold and silver have corrected significantly from their record highs, making them attractive for long-term investors.

According to Kedia:

• Gold could rise to around ₹1.60 lakh per 10 grams by the end of 2026.
• Silver may climb to nearly ₹2.80 lakh per kilogram.

However, he advised investors to avoid investing a large amount at one time and instead adopt a phased investment strategy to manage market volatility.

Tips for Buying Gold

Experts recommend following these precautions while purchasing gold jewellery:

1. Buy BIS Hallmarked Gold

Always purchase jewellery carrying the Bureau of Indian Standards (BIS) hallmark, which certifies the purity of the gold.

The hallmark includes an alphanumeric identification code that verifies authenticity and carat value.

2. Verify Daily Prices

Before making a purchase, compare the day's gold rates through reliable sources such as the India Bullion and Jewellers Association (IBJA).

Gold prices differ depending on whether the jewellery is 24-carat, 22-carat, or 18-carat, making it important to check current market rates.

How to Identify Genuine Silver

Consumers can perform a few simple tests to verify silver's authenticity:

• Magnet Test: Pure silver is non-magnetic and will not stick to a magnet.
• Ice Test: Silver has excellent thermal conductivity, causing ice to melt faster on its surface.
• Smell Test: Genuine silver is odorless, while fake silver often has a metallic or copper-like smell.
• Cloth Test: Rubbing silver with a white cloth may leave a black mark due to natural oxidation, indicating genuine silver.

Market Outlook

With global economic uncertainty continuing to influence commodity markets, analysts expect gold and silver prices to remain volatile in the coming months.

Investors are advised to monitor international trends, currency movements, and central bank policies before making investment decisions in precious metals.