Before the New Year, the bullion market is seeing strong movement. On Tuesday, gold and silver prices fell sharply after touching record highs. The price of standard gold dropped by about Rs 4,000, but it is still trading close to its highest level. Silver recorded its biggest single-day fall, with prices down by Rs 12,500 per kilogram. Gold and silver see sharp correction after record highs According to the bullion market, gold prices remain strong even after the decline. In Jaipur, standard gold (10 grams) has come down to 1,38,500 rupees. The price of refined silver has fallen to 2,40,000 rupees per kilogram. Traders say that this fall in prices is due to profit-taking and fluctuations in international markets. Profit-taking and global market impact behind fall According to bullion trader Bhawani Singh Rajawat, the physical availability of silver at the international level has become extremely low. Globally, large investors, banks, and businesses are currently focusing more on paper deals rather than physical silver transactions. This has increased the demand for silver in the market, but the supply has almost come to a standstill. Low global supply may push silver prices again This is why, after reaching record levels, prices are now seeing a temporary decline. He says that this decline will not last long, and silver prices may strengthen again in the coming time. Volatility likely to continue in coming days Traders estimate that the volatility in gold and silver prices may continue for the next few days. After reaching record highs, gold prices may further soften to 1 lakh 35 thousand rupees per 10 grams. However, in the long term, the demand for gold is expected to remain strong. According to the latest rates released by the Jaipur Sarafa Committee, 24 carat gold is priced at 1 lakh 38 thousand 500 rupees per 10 grams, and 22 carat gold has reached 1 lakh 29 thousand 500 rupees per 10 grams. Meanwhile, 18 carat gold is trading at 1 lakh 8 thousand rupees and 14 carat gold at 85 thousand 900 rupees per 10 grams. After a fall in prices, refined silver rates have been recorded at 2 lakh 40 thousand rupees per kilogram. Post navigation Railways gives 3% cashback on general tickets:Passengers to get additional 3% discount on payment via RailOne app for travel from Jan 14 to July 14, 2026 China calls Starlink a threat to national security:The country takes action against a foreign ship using Starlink in its maritime zone; bans its usage without a license
