Mumbai: There is turmoil in the jewellery market as gold and silver prices continue to rise sharply in both domestic and international markets. As soon as the market opened on Monday, the prices of precious metals surged to record levels, leaving consumers stunned.
For the first time in history, the price of silver has crossed ₹3 lakh per kilogram, while gold has also created a new record by moving close to ₹1.5 lakh.
Gold Price (10 Gram)
24 Carat Gold:
₹1,46,240 – ₹1,46,730
22 Carat Gold:
₹1,34,050 – ₹1,34,500
Silver prices show no signs of cooling. Since the first month of the current year, the market has remained volatile. So far, the price of silver has increased by ₹65,614 per kilogram.
As of December 31, 2025, the price of 1 kg of silver was ₹2,35,701, which has now risen to ₹3,01,315 per kilogram.
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The sharp rise in gold and silver prices is attributed to global geopolitical tensions. Former US President Donald Trump’s renewed tariff hikes have further intensified the situation.
All predictions regarding a fall in gold and silver prices have so far failed, and both precious metals are breaking records almost every day.
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