Gold and Silver Shine in the New Year as Prices Surge; Silver Jumps Rs 5,656, Gold Up Rs 954
Pune, 2nd January 2026: Gold and silver have begun the New Year on a strong note, extending their bullish trend in the domestic bullion market. Silver prices surged sharply on Thursday, while gold also recorded a significant rise, according to rates released by the India Bullion and Jewellers Association (IBJA).
Silver prices jumped by Rs 5,656 to reach Rs 2,34,906 per kg (without GST). Including GST, silver is now priced at Rs 2,41,953 per kg. On Thursday, January 1, silver had closed at Rs 2,29,250 per kg (without GST).
Gold prices also witnessed an upward movement, gaining Rs 954 per 10 grams. The price of 24-carat gold opened at Rs 1,34,415 per 10 grams (without GST). With GST included, the price now stands at Rs 1,38,447 per 10 grams. On January 1, gold had closed at Rs 1,33,461 per 10 grams (without GST).
Despite the current rally, gold remains Rs 3,746 lower than its all-time high of Rs 1,38,181 per 10 grams, recorded on December 29, 2025. Silver, too, is trading Rs 8,532 below its peak level of Rs 2,43,483 per kg.
Carat-wise Gold Prices (Without Making Charges)
As per IBJA data, prices of gold across carat categories rose on Friday:
23-carat gold increased by Rs 950 to Rs 1,33,877 per 10 grams; with GST, it costs Rs 1,37,893.
22-carat gold rose by Rs 874 to Rs 1,23,124 per 10 grams; with GST, the price is Rs 1,26,817.
18-carat gold gained Rs 715, reaching Rs 1,00,811 per 10 grams; GST-inclusive price is Rs 1,03,825.
14-carat gold climbed by Rs 558 to Rs 78,633 per 10 grams; with GST, it is priced at Rs 80,991.
Making charges are not included in the above rates.
IBJA releases bullion prices twice daily—once around 12 noon and again near 5 pm, reflecting movements in the domestic and international markets.
