Silver continues to scale fresh highs:Prices hit ₹2.83 lakh per kg mark, up ₹40,000 in 4 days; gold loses shine as Trump’s threat of US strike on Iran eases

Silver prices are rising for the fourth consecutive day on January 16. According to the India Bullion and Jewelers Association (IBJA), silver prices increased by Rs 5,208 to reach an all-time high of Rs 2,82,720 per kilo. Previously on January 14, the silver price was Rs 2,77,512. Silver has become more expensive by Rs 40,000 in four days. Meanwhile, gold prices are declining today after three days of gains. The price of 10 grams of 24 carat gold opened lower by Rs 298 at Rs 1,41,717. It had made an all-time high of Rs 1,42,015 on January 14. Iranian protesters will not be ‘sentenced to death’, claims Trump Why are rates different in different cities? IBJA gold prices do not include 3% GST, making charges, and jeweller’s 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. Gold became 75% and silver 167% more expensive in 2025 3 Main Reasons for Gold Rally 3 Main Reasons for Silver Rally 4 Ways to Identify Real Silver