Precious Metals Rally: Silver Climbs to ₹2.36 Lakh per Kg, Gold Edges Up to ₹1.53 Lakh per 10g

Domestic bullion markets recorded notable gains on September 9, driven by sustained investor interest and robust institutional demand. Data from the India Bullion and Jewellers Association (IBJA) shows 24-karat gold rose by ₹355 to stand at ₹1.53 lakh per 10 grams. Concurrently, silver jumped ₹1,891, taking its price to ₹2.36 lakh per kilogram.

Year-to-Date Trajectory

Both metals have witnessed significant price swings throughout 2026:

• Gold Influx: Gold has appreciated by ₹20,000 per 10 grams since the start of the year, up from ₹1.33 lakh on December 31, 2025, to its current ₹1.53 lakh mark.
• Silver Movement: Silver climbed from ₹2.30 lakh per kg at the close of 2025 to ₹2.36 lakh today.
• Record Highs: Earlier this year on January 29, both metals touched historical peaks, with gold reaching ₹1.76 lakh per 10g and silver striking ₹3.86 lakh per kg.

Market Outlook for Year-End

Analysts suggest that macroeconomic uncertainties will sustain gold’s upward trajectory, with prices potentially reaching ₹1.70 lakh per 10 grams by December. Under improving market conditions, silver could similarly see an accelerated breakout toward the ₹3 lakh per kg threshold.

Key Guidelines for Gold Buyers

Consumers planning jewellery purchases should keep three primary practices in mind:

• Insist on BIS Hallmark: Purchase exclusively Bureau of Indian Standards (BIS) certified gold. Look for the unique alphanumeric Hallmark Unique Identification (HUID) code, which authenticates both purity and carat value.
• Verify Daily Market Rates: Cross-check the daily spot price across authentic benchmarks like the IBJA portal before finalizing transactions, noting the price variations between 24K, 22K, and 18K purity grades.
• Negotiate Making Charges: Labour and crafting fees vary widely among retailers and are rarely fixed. Request a clear cost breakdown and negotiate these charges, particularly on higher-volume purchases.