Gold and silver prices in India continue their upward journey, breaking new records each day. Driven by international market cues, a weaker rupee, and strong investor sentiment, both precious metals have touched historic highs across spot and futures markets.
Gold Prices Surge to Record Levels
According to data from the India Bullion and Jewelers Association (IBJA), 24-carat gold prices rose to ₹119,941 per 10 grams by the close of trading on Tuesday. Similarly, silver prices climbed to ₹149,441 per kilogram.
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The All India Sarafa Association also reported a significant spike in the Delhi bullion market, where gold prices jumped by ₹700 to a new all-time high of ₹124,000 per 10 grams. However, silver experienced a minor correction, dropping ₹3,400 from its previous high to ₹154,000 per kilogram, inclusive of all taxes.
Global Gold Prices Show Slight Dip After Record High

Globally, spot gold traded slightly lower at $3,958.18 per ounce, after briefly touching an all-time high of $3,977.45 per ounce earlier on Tuesday. Meanwhile, gold futures hit a record ₹1,20,900 per 10 grams in Indian markets, reflecting investor confidence in the precious metal amid ongoing global uncertainty.
Silver futures also showed an upward movement, rising ₹281, or 0.19 percent, to ₹1,47,800 per kilogram.
Latest Gold and Silver Prices (IBJA Data)
According to the India Bullion and Jewelers Association, the prices of gold and silver throughout Tuesday were as follows:
| Purity | Morning Rate | Afternoon Rate | Evening Rate |
|---|---|---|---|
| 24-carat gold | ₹119,249 per 10 g | ₹119,967 per 10 g | ₹119,941 per 10 g |
| 23-carat gold | ₹118,771 per 10 g | ₹119,487 per 10 g | ₹119,461 per 10 g |
| 22-carat gold | ₹109,232 per 10 g | ₹109,890 per 10 g | ₹109,866 per 10 g |
| 18-carat gold | ₹89,437 per 10 g | ₹89,975 per 10 g | ₹89,956 per 10 g |
| 14-carat gold | ₹69,761 per 10 g | ₹70,181 per 10 g | ₹70,166 per 10 g |
| Silver (999) | ₹148,833 per kg | ₹149,438 per kg | ₹149,441 per kg |
Gold Prices on the Previous Trading Day

Gold prices have seen remarkable growth over the past few days. On Monday, the All India Sarafa Association reported a sharp ₹2,700 jump in gold prices in Delhi, bringing them to a new record high of ₹1,23,300 per 10 grams.
This surge was largely attributed to safe-haven buying in international markets and the depreciation of the Indian rupee against the U.S. dollar. Gold of 99.9 percent purity surged by ₹2,700 per 10 grams, while 99.5 percent purity gold rose to ₹1,22,700 per 10 grams.
To put the rise in perspective, gold was priced at ₹1,20,600 per 10 grams on Friday, marking a significant increase within just two trading sessions.
Since the beginning of 2025, gold prices have surged by ₹51,350 per 10 grams, representing an impressive 65.04 percent increase. In December 2024, gold was priced at ₹78,950 per 10 grams, highlighting the extraordinary rally over the year.
Silver Prices on the Previous Day
Silver has followed a similar trajectory. On Monday, silver prices jumped by a massive ₹7,400, reaching a new high of ₹1,57,400 per kilogram, inclusive of all taxes.
On Friday, silver had closed at ₹1,50,000 per kilogram. This sharp increase reflects a growing demand for the metal in both industrial use and as a safe investment asset.
So far this year, silver prices have risen by ₹67,700 per kilogram, or approximately 75.47 percent, compared to ₹89,700 per kilogram at the end of December 2024.
Futures Market Hits New Highs
The futures market also mirrored this bullish trend. On the Multi Commodity Exchange (MCX):
- Gold futures (December delivery) rose by ₹1,962 (1.66%) to a record ₹1,20,075 per 10 grams.
- Gold futures (February 2026 delivery) climbed by ₹2,047 (1.71%) to ₹1,21,380 per 10 grams.
Last week alone, gold futures recorded a gain of ₹3,222 per 10 grams, equivalent to 2.8 percent.
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- December 2025 delivery: ₹1,47,977 per kg, up ₹2,233 (1.53%).
- March 2026 delivery: ₹1,49,605 per kg, up ₹2,337 (1.59%).
Last week, silver futures had already increased by ₹3,855 per kg, marking a 2.72 percent weekly gain.
Gold and Silver in the International Market

In the international market, spot gold surged by nearly 2 percent to touch a record high of $3,949.58 per ounce, while silver rose over 1 percent to $48.75 per ounce.
Global gold futures for December delivery also advanced by 2 percent to $3,973.60 per ounce, while silver futures increased to $48.58 per ounce, both setting new all-time highs.
Experts’ Opinions on the Price Rally
Analysts attribute this historic surge to multiple factors, including global economic uncertainty, geopolitical tensions, and currency fluctuations.
According to Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, “Gold has reached a new record high because investors are continuing to hold onto this precious asset amid global uncertainty. The weakening rupee and consistent demand from both retail and institutional investors are supporting this rally.”
Bullion traders also noted that the decline of the rupee against the U.S. dollar has amplified domestic gold and silver prices, as India is one of the world’s largest importers of gold.











