Silver jumps ₹4,168 in a day to ₹2.40 lakh/kg:Gold rises by ₹1,422 to ₹1.37 lakh per 10 grams—know prices by carat and city

Gold and silver prices moved sharply higher on January 9, according to data from the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold climbed ₹1,422 to ₹1,37,195 per 10 grams, up from ₹1,35,773 a day earlier. Silver saw an even steeper rise. Prices jumped ₹4,168 to ₹2,39,994 per kg, compared with ₹2,35,826 on January 8. Gold had earlier touched a record high of ₹1,38,161 per 10 grams on December 29, 2025. Silver hit its all-time peak of ₹2,48,000 per kg on January 7. Why gold prices vary across cities IBJA rates do not include 3% GST, making charges, or jewellers’ margins. These additional costs lead to variations in city-level prices. IBJA rates are also used by the RBI to fix Sovereign Gold Bond prices and by banks for gold loan valuations. 2025 saw a massive rally Why gold prices are rising Why silver is rallying Outlook Ajay Kedia, Director at Kedia Advisory, says silver demand remains strong and prices could touch ₹2.75 lakh per kg this year. Gold, too, may cross ₹1.50 lakh per 10 grams if current trends continue. Tips for buying gold How to identify genuine silver