New Delhi, 2 January: Gold and silver prices saw a significant rise on Friday, pushing gold above ₹1.34 lakh per 10 grams and silver beyond ₹2.34 lakh per kilogram.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold increased by ₹1,321 to reach ₹1,34,782 per 10 grams, up from ₹1,33,461. Similarly, 22-carat gold price rose to ₹1,23,460 per 10 grams from ₹1,22,250.
The rate for 18-carat gold also climbed from ₹1,00,096 to ₹1,01,087 per 10 grams.
Silver prices showed an even sharper surge, rising ₹5,300 to ₹2,34,550 per kilogram from the previous ₹2,29,250.
On the Multi Commodity Exchange (MCX), the price of gold for the 5 February 2026 contract increased by 0.47 per cent to ₹1,36,448. The silver contract for 5 March 2026 rose by 2.11 per cent to ₹2,40,852.
International markets also witnessed a steep increase with gold rising 1.10 per cent to $4,389 per ounce and silver jumping 4.26 per cent to $73.58 per ounce at the time of reporting.
Market experts explained that the rally in gold and silver is driven by investors seeking safe-haven assets amid global uncertainties. Continuous purchases by central banks are also supporting gold prices.
Experts further indicated that the current market conditions suggest the upward trend in gold and silver prices may continue in the near future.
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My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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