Gold and silver prices moved higher on September 10, with both precious metals continuing to trade at elevated levels. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold rose ₹542 to ₹1.54 lakh per 10 grams, while silver climbed ₹3,307 to ₹2.39 lakh per kilogram. IBJA publishes indicative bullion rates, while retail jewellery prices can vary because of GST and making charges.
Gold Price Today: Gold Becomes ₹21,000 Costlier in 2026
Gold has recorded a substantial rise so far this year. From around ₹1.33 lakh per 10 grams on December 31, 2025, the price has climbed to approximately ₹1.54 lakh, representing an increase of about ₹21,000.
Silver has also gained during the period, rising from around ₹2.30 lakh per kg at the end of 2025 to ₹2.39 lakh currently.
Both metals have witnessed sharp volatility during 2026. Gold earlier touched around ₹1.76 lakh per 10 grams, while silver reached approximately ₹3.86 lakh per kg on January 29.
Gold Price Outlook: Can Gold Reach ₹1.70 Lakh?
Market participants continue to monitor gold's prospects amid changing global interest-rate expectations, geopolitical developments and central-bank demand.
Anindya Banerjee of Kotak Securities has highlighted continued structural support for gold from investors and central banks, including the Reserve Bank of India. His broader outlook remains constructive for precious metals, although short-term price movements can be volatile.
Based on the outlook cited in the market, gold could potentially move towards ₹1.70 lakh per 10 grams by December 2026, while silver could potentially approach ₹3 lakh per kg if favourable conditions persist. These are market projections and should not be treated as guaranteed prices.
Why Gold and Silver Prices Are in Focus
Precious metals have remained sensitive to global monetary policy, inflation expectations, currency movements, and geopolitical risks. Recent market commentary also shows traders watching US inflation data and interest-rate expectations closely.
For investors, this means gold and silver can continue to experience significant price swings even when the broader long-term outlook remains positive.
Gold Buying Tips: Keep These 3 Things in Mind
1. Buy BIS-Hallmarked Gold
When purchasing jewellery, buyers should check for the BIS hallmark and verify the purity of the gold. Hallmarking helps establish the declared purity of the jewellery.
2. Check the Gold Rate Before Buying
Always compare the day's bullion rate before making a purchase. Gold prices differ according to purity, including 24-carat, 22-carat, and 18-carat gold. Buyers should also verify the weight of the jewellery and understand the applicable GST.
3. Understand Making Charges
Making charges can add significantly to the final jewellery bill. Ask the jeweller for a clear breakup of the gold value, making charges, GST, and other applicable costs. Making charges can vary between jewellers and may be negotiable.
Gold-Silver Price Today: Key Takeaways
24K gold: ₹1.54 lakh per 10 grams
Daily gold rise: ₹542
Silver: ₹2.39 lakh per kg
Daily silver rise: ₹3,307
Gold rise since December 31, 2025: About ₹21,000
Gold 2026 high: About ₹1.76 lakh per 10 grams
Silver 2026 high: About ₹3.86 lakh per kg
Potential December outlook: Gold ₹1.70 lakh; silver ₹3 lakh, subject to market conditions
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