Silver prices gain ₹5,656 to ₹2,34,906/kg in single day:Gold crosses ₹1.34 Lakh mark per 10 grams after cost of 24-carat gold rises by ₹954

After three consecutive days of decline, gold and silver prices rebounded sharply on January 2, 2026. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹954 in a single day to ₹1,34,415 per 10 grams, compared to ₹1,33,461 on the previous day. At the same time, silver prices surged by ₹5,656, taking the rate to ₹2,34,906 per kilogram, up from ₹2,29,250 per kg. Earlier, on December 29, 2025, gold touched an all-time high of ₹1,38,161 per 10 grams, while silver peaked at ₹2,43,483 per kg—the highest levels ever recorded. Why do prices differ across cities? IBJA rates exclude 3% GST, making charges, and jewellers’ margins, which leads to city-wise variations. These rates are used by the RBI to determine Sovereign Gold Bond prices and by banks for gold loan calculations. Gold and Silver Performance in 2025 Gold–Silver Price Trend (Last 10 Trading Days) Note: 20, 21, 27, and 28 December were weekly holidays; 25 December was a Christmas holiday. 3 Key Reasons Behind the Gold Rally 3 Reasons for the Rise in Silver Prices Outlook: Prices May Rise Further According to Ajay Kedia, Director, Kedia Advisory, silver demand remains strong and could reach ₹2.75 lakh per kg this year. Gold prices may also continue rising and could cross ₹1.50 lakh per 10 grams by year-end. 2 Important Tips When Buying Gold 4 Easy Ways to Identify Real Silver