Gold silver prices continue to fall from record highs:Yellow metal becomes over ₹5,000 per 10 gm cheaper; white metal corrects ₹14,000 per kg in last 2 days

On Wednesday, December 31, 2025, gold and silver prices fell for the second consecutive day. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by ₹1,500 to reach ₹1,33,099. Yesterday it was at ₹1,34,599/10g. Meanwhile, the price of one kilogram of silver has decreased by ₹2,896 to reach ₹2,29,433. Yesterday its price was ₹2,32,329 per kilo. After rising for 5 consecutive days, silver prices fell yesterday, today is the second consecutive day of decline. Earlier on December 29, during trading, gold prices had reached ₹1,38,161 per 10 grams and silver reached ₹2,43,483 per kilogram. These are the highest rates ever, meaning all-time high rates for both. Gold became 75% and silver 167% more expensive in one year Why are rates different in different cities? IBJA’s gold prices do not include 3% GST, making charges, and jewellers’ margin. Therefore, city rates differ from these. RBI uses these rates to determine Sovereign Gold Bond rates. Many banks use it to set gold loan rates. 3 Main Reasons for Gold Rally 3 Main Reasons for Silver Rally Prices may rise further in coming days Kedia Advisory Director Ajay Kedia says that silver demand is currently strong and is expected to remain so. In such a scenario, silver could reach ₹2.75 lakh in next 1 year. Silver prices could reach ₹2.10 lakh per kilo by the end of this year. As for gold, its demand also remains strong. It could cross ₹1.50 lakh per 10 grams by next year.