Silver jumps ₹34,000 in three days, trades at ₹2.78 lakh/kg:Gold hits ₹1.42 lakh/10 gms as global tensions spike and investors seek safe-haven assets​​​​​​​

Gold and silver prices touched fresh all-time highs for the third consecutive day on January 14, 2026. According to the India Bullion and Jewellers Association (IBJA), silver prices surged sharply, while gold continued its strong upward momentum. Silver rose by ₹14,480 in a single day to reach a new record of ₹2,77,512 per kg. On Tuesday, silver had already hit a lifetime high of ₹2,63,032 per kg. Overall, silver has become more expensive by over ₹34,000 in just three days, reflecting strong demand and tight global supply. Gold also touched a historic peak. The price of 24-carat gold increased by ₹1,868 to ₹1,42,152 per 10 grams, its highest level ever. On the previous day, gold was priced at ₹1,40,482 per 10 grams. Why do gold prices vary across cities? IBJA rates do not include 3% GST, making charges, or jewellers’ margins, which causes variation in city-wise prices. These benchmark prices are used by the RBI to fix Sovereign Gold Bond rates, and many banks rely on them to determine gold loan valuations. Gold and silver price movement over the last 10 days Between January 1 and January 14, gold rose from ₹1,33,461 to ₹1,42,152 per 10 grams, while silver jumped from ₹2,29,250 to ₹2,77,175 per kg.(January 3–4 and January 10–11 were weekly holidays.) Gold up 75%, silver up 167% in 2025 Key reasons behind the gold rally Key reasons behind the silver rally Rajkumar Subramanian, head of products and family offices, PL Wealth Management, says: Silver is emerging as one of the most compelling strategic metals in the current cycle, sitting at the intersection of investment demand and industrial transformation. Beyond its traditional role as a store of value, silver is increasingly driven by structural demand from solar energy, electronics, electric mobility and advanced manufacturing. As India accelerates its renewable and infrastructure ambitions, silver’s industrial relevance strengthens its long-term price support. Subramanian adds: At the same time, rising retail participation and growing interest from HNI and family capital are positioning silver as a portfolio diversifier alongside gold. However, investors must remain mindful that silver is inherently more volatile than gold, with sharper price swings driven by global growth expectations, dollar movements and speculative flows. It is best approached with disciplined allocation and a medium- to long-term perspective. 4 simple ways to identify real silver Also read Retail inflation rose to 1.33% in December, the highest level in three months, driven by higher prices of vegetables, pulses, meat, fish, eggs, and electricity. Inflation was 0.71% in November and 0.25% in October, both 14-year lows. Click here to read more ​