According to rates released by the India Bullion and Jewellers Association (IBJA), silver recorded one of its steepest single-day gains, jumping by ₹7,214 per kilogram. With Goods and Services Tax (GST) included, silver prices climbed to ₹213,776 per kg, setting a new record. Without GST, silver was quoted at ₹207,550 per kg at market opening, after closing at ₹200,336 per kg in the previous session.
Gold also extended its rally, rising by ₹1,190 per 10 grams in a single day. The price of 24-carat gold, inclusive of GST, surged to ₹137,591 per 10 grams. In the non-GST segment, gold opened at an all-time high of ₹133,584 per 10 grams, compared with Friday’s closing price of ₹132,394 per 10 grams.
The surge underscores a remarkable yearly performance for both metals. Since the beginning of the year, gold prices have risen by ₹57,844 per 10 grams, while silver has posted an even sharper increase of ₹121,533 per kg, reflecting heightened investor interest and volatility in global and domestic markets.
IBJA, the official body responsible for publishing benchmark bullion prices in India, releases rates twice daily—once around noon and again near market close at approximately 5 pm. These rates are widely used as reference prices across bullion markets and the jewellery industry.
The latest rally highlights the growing prominence of precious metals as key financial assets, especially amid shifting economic conditions. With both gold and silver trading at record levels, market participants and investors are closely watching whether the momentum will sustain or prompt fresh recalibrations across the broader commodities landscape.
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