New Delhi (Economy India): Gold and silver prices registered a sharp rise today, continuing their upward trajectory amid global uncertainties and robust domestic demand. According to the India Bullion and Jewellers Association (IBJA), gold prices surged ₹1,268 to reach ₹1,23,448 per 10 grams, compared to the previous close of ₹1,22,180. Silver prices also witnessed a strong jump of ₹2,594, moving up from ₹1,53,706 to ₹1,56,300 per kilogram.
Market analysts suggest that volatility may persist in precious metal prices in the coming days. However, the ongoing wedding season is expected to provide strong support to gold demand, potentially driving prices toward the ₹1.25 lakh per 10 grams mark again.
Gold and Silver Have Become Significantly Costlier in 2025
This year has seen an extraordinary rise in precious metal prices:
Gold Price Change (YTD)
- 31 December 2024: ₹76,162 per 10 grams
- 19 November 2025: ₹1,23,448 per 10 grams
- Total Increase: ₹47,286
Silver Price Change (YTD)
- 31 December 2024: ₹86,017 per kg
- 19 November 2025: ₹1,56,300 per kg
- Total Increase: ₹70,283
The price rally has been driven by global economic uncertainty, central bank buying, geopolitical tensions, and strong domestic wedding-season demand.
Recent All-Time Highs
Both metals have touched record highs recently:
- Gold: ₹1,30,874 per 10 grams on 17 October
- Silver: ₹1,78,100 per kg on 14 October
Today’s IBJA rates do not include GST, making charges or jewellers’ margins, which is why retail jewellery shop prices vary across cities.
IBJA prices are widely used by:
- The Reserve Bank of India while determining Sovereign Gold Bond (SGB) issue prices
- Several banks for setting gold loan valuations
Volatility Expected, but Wedding Season May Support Prices
Experts caution that gold prices may experience short-term fluctuations, given global gold ETF flows, currency movements, and geopolitical developments. Yet the domestic market is expected to remain strong.
With the wedding season now underway, jewellers anticipate steady demand, which may push gold back towards ₹1.25 lakh per 10 grams in the coming days.
Buying Advisory: Choose Hallmarked Gold Only
Consumers have been advised to buy only BIS-certified hallmarked gold to ensure purity and authenticity. Hallmarked jewellery carries an alphanumeric code, such as AZ4524, indicating purity and licensing details.
Hallmarking ensures:
- Verified purity (e.g., 22K, 24K)
- Transparency in pricing
- Protection from fraud
The sharp rise in gold and silver prices highlights ongoing market volatility fueled by global factors and domestic demand trends. With gold already becoming costlier by ₹47,000+ and silver by ₹70,000+ this year, all eyes are now on whether prices will stabilize or continue their upward march as the festive and wedding season progresses.
(Economy India)
