Gold-Silver Price Update: Gold and silver prices saw a sharp rise during Wednesday’s trading session.
The price of 24-carat gold crossed ₹1 lakh per 10 grams, while silver touched a new all-time high, crossing ₹1.15 lakh per kg. In a single day, 24-carat gold became costlier by over ₹1,000.
According to the India Bullion Jewelers Association (IBJA), the price of 24-carat gold increased by ₹1,025, reaching ₹1,00,533 per 10 grams, up from ₹99,508 on Tuesday.
The price of 22-carat gold also rose to ₹92,088 per 10 grams from ₹91,149 earlier. Similarly, 18-carat gold now costs ₹75,400 per 10 grams, compared to ₹74,631 earlier.
Silver prices have also seen a big jump, reaching ₹1,15,850 per kg from ₹1,14,493 — a rise of ₹1,357 in a day.
As per IBJA’s official website, silver was priced at ₹86,055 per kg on January 1 this year. That means silver prices have increased by over 34% in 2025 so far.
IBJA updates gold and silver prices twice daily — once in the morning and once in the evening.
Gold and Silver in Futures Market:
Prices are also going up in the futures market. On the Multi Commodity Exchange (MCX), gold futures for August 5, 2025, rose by 0.17% to ₹1,00,500. Silver futures for September 5, 2025, climbed 0.58% to ₹1,16,323.
Global Trends:
Globally, gold prices are slightly down while silver prices continue to rise. On the Comex exchange, gold dropped 0.08% to $3,441.10 per ounce. In contrast, silver increased 0.52% to $39.76 per ounce.
Experts say that gold prices in India are moving within a narrow range despite global fluctuations.
On MCX, gold is hovering near ₹1,03,500, taking cues from stable Comex gold around $3,424. A stable rupee is also helping reduce price volatility in the domestic market.
Jatin Trivedi from LKP Securities said, “Investors are waiting for key data from the US manufacturing and services PMI reports.
In the short term, gold is expected to trade between ₹99,000 and ₹1,01,500 on MCX.”
