Gold and silver prices drop marginally today:Rate of 24 carat gold per 10 grams drops to ₹1,16,833, while silver reduces to ₹1.45 lakh per kg

Gold and silver prices slipped on Thursday after touching record highs earlier this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹500 to ₹1,16,833. Silver prices also edged lower, dropping ₹110 to ₹1,45,010 per kilogram. On October 1, gold had surged to an all-time high of ₹1,17,332 per 10 grams, while silver touched a peak of ₹1,45,120 per kilogram. Gold Rates by Carat City-Wise Rates Per 10 grams of 24 Carat gold Gold Becomes Costlier by ₹40,671 in 2025; Silver Up by Nearly ₹59,000 Gold and silver have seen a sharp surge in prices this year, with both metals trading at record levels. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has risen by ₹40,671 since December 31, 2024. Gold, which was priced at ₹76,162 per 10 grams at the end of last year, now stands at ₹1,16,833. Silver has also witnessed a steep jump of ₹58,993 during the same period. On December 31, 2024, one kilogram of silver was priced at ₹86,017; today it is valued at ₹1,45,010. Gold May Touch ₹1.55 Lakh A recent Goldman Sachs report has projected gold at $5,000 per ounce by next year, which at current exchange rates translates to nearly ₹1,55,000 per 10 grams. Market expert Sandeep Raichura, Director at PL Capital, also expects prices to rise further, predicting levels of around ₹1,44,000 per 10 grams. Five Key Drivers Behind the Gold Rally