Gold silver prices continue to drift from record highs:Silver becomes cheaper by ₹2,520 to ₹2,27,900 per kg; Gold slides to ₹1.33 lakh per 10 gm

On the first day of the new year on January 1, 2026, there is a decline in gold and silver prices. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 44 to Rs 1,33,151. On Wednesday, it was at Rs 1,33,195/10g. Meanwhile, the price of one kilogram of silver has decreased by Rs 2,520 to Rs 2,27,900. Yesterday its price was Rs 2,30,420 per kilo. Today is the third consecutive day when gold and silver prices are falling. Earlier on December 29, during trading, gold prices had reached Rs 1,38,161 per 10 grams and silver Rs 2,43,483 per kilogram. These are the highest rates ever i.e. all-time high rates for both. Gold prices according to carat
Gold prices in major cities of the country Source: goodreturns (January 1, 2026)
Gold increased by 75% and Silver by 167% in 2025 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 this. 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