Silver prices gain ₹5,656 to ₹2,34,906/kg in single day:Gold crosses ₹1.34 Lakh mark per 10 grams after cost of 24-carat gold rises by ₹954

After three consecutive days of decline, gold and silver prices rebounded sharply on January 2, 2026. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹954 in a single day to ₹1,34,415 per 10 grams, compared to ₹1,33,461 on the previous day. At the same time, silver prices surged by ₹5,656, taking the rate to ₹2,34,906 per kilogram, up from ₹2,29,250 per kg. Earlier, on December 29, 2025, gold touched an all-time high of ₹1,38,161 per 10 grams, while silver peaked at ₹2,43,483 per kg—the highest levels ever recorded. Why do prices differ across cities? IBJA rates exclude 3% GST, making charges, and jewellers’ margins, which leads to city-wise variations. These rates are used by the RBI to determine Sovereign Gold Bond prices and by banks for gold loan calculations. Gold and Silver Performance in 2025 3 Key Reasons Behind the Gold Rally 3 Reasons for the Rise in Silver Prices Outlook: Prices May Rise Further According to Ajay Kedia, Director, Kedia Advisory, silver demand remains strong and could reach ₹2.75 lakh per kg this year. Gold prices may also continue rising and could cross ₹1.50 lakh per 10 grams by year-end. 2 Important Tips When Buying Gold 4 Easy Ways to Identify Real Silver ​