Business Desk – Gold Silver Investment: Gold and silver prices saw a sharp rise this week. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold rose by ₹7,064 to ₹1.49 lakh in five trading days.
Meanwhile, the price of one kilogram of silver rose by ₹14,094 to ₹2.31 lakh. Five days ago, on Monday, 10 grams of 24-carat gold was priced at ₹1.42 lakh, and one kilogram of silver at ₹2.17 lakh. On Friday alone, the price of gold rose by ₹1,181 and silver by ₹5,707.
Many major reasons are being cited behind this week’s rise like Global Tension, Geopolitical Crisis, US Federal Reserve’s indication regarding interest rates, weakness in Dollar Index, Gold Buying by Central Banks and Industrial Demand for Silver.
So far this year, the price of gold has increased by approximately 16,000 rupees. However, both gold and silver are trading below their all-time highs. According to commodity expert Ajay Kedia, gold could reach 1.60 lakh rupees and silver 2.80 lakh rupees per kilogram by the end of the year.
On Friday, gold became costlier by Rs 1,181 and silver by Rs 5,707.
According to the IBJA, both gold and silver saw sharp gains on Friday, the last trading day of the week. The price of 10 grams of 24-carat gold rose by ₹1,181, while the price of one kilogram of silver rose by ₹5,707.
A day earlier on Thursday, 10 grams of 24-carat gold was priced at ₹1.48 lakh, and one kilogram of silver was ₹2.25 lakh. Following Friday’s rally, gold reached ₹1.49 lakh and silver ₹2.31 lakh per kilogram.
Meanwhile, five trading days ago, on Monday, 10 grams of 24-carat gold was priced at ₹1.42 lakh, and one kilogram of silver was priced at ₹2.17 lakh. This means that between Monday and Friday, the price of gold increased by ₹7,064 and the price of silver by ₹14,094.
5 big reasons why gold and silver are expensive
- Global Tension और Geopolitical Crisis
Amid rising geopolitical tensions and war-like situations around the world, investors’ confidence shifts toward safe haven assets. During these times, increased demand for gold and silver supports their prices.
- Impact of the US Federal Reserve’s decision
The US Federal Reserve’s hint of an interest rate cut and a dovish stance have also impacted gold and silver prices. The dovish stance on interest rates is providing support to precious metals in the global market.
- Weakness in Dollar Index
A weakening US dollar in the international market makes gold and silver relatively cheap and attractive to investors buying in other currencies. The decline in the Dollar Index is also a reason for the rise in gold and silver prices.
- Record Gold Buying by Central Banks
Central banks around the world, including the RBI and other global central banks, are increasing their share of gold in their foreign exchange reserves. Continued gold buying by central banks is maintaining demand for gold in the market and supporting prices.
- Industrial demand for silver increased
Industrial demand is also a major reason behind the rise in silver prices. Silver’s use in renewable energy, particularly solar panels and the electronics sector, is driving demand. This increased industrial demand is supporting silver prices.
Gold has become costlier by Rs 16,000 so far in 2026
The year 2026 will see constant fluctuations in the prices of gold and silver. On December 31, 2025, the price of 10 grams of gold was over ₹1.33 lakh. Now, it has risen to ₹1.49 lakh. This means that in 2026, gold has become costlier by approximately ₹16,000.
However, gold and silver have seen even higher levels during this period. On January 29, the price of gold reached an all-time high of ₹1.76 lakh and silver reached an all-time high of ₹3.86 lakh per kg. Current prices are below these record levels.
Silver is costlier by about Rs 1,000 this year.
Talking about the price of silver, on December 31, 2025, the price of one kilogram of silver was ₹2.30 lakh. Now, it has risen to ₹2.31 lakh per kilogram. This means that the price of silver has increased by approximately ₹1,000 so far in 2026.
However, silver had hit an all-time high of ₹3.86 lakh per kg on January 29. The current price is significantly lower than this.
Gold may reach Rs 1.60 lakh by the end of the year
According to commodity expert Ajay Kedia, gold and silver prices have fallen significantly from their highs, and investors are investing in them. However, he says that lump sum investments in gold and silver should be avoided.
According to Ajay Kedia, if current conditions persist, the price of gold could once again reach ₹1.60 lakh per 10 grams by the end of the year. Silver prices are expected to reach ₹2.80 lakh per kg.
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