Silver hits record high, gold slips slightly; strong demand signals further rise in prices
Silver jumped by Rs 2,894 to reach a record level of Rs 2,46,044 per kg, compared with Rs 2,43,150 per kg in the previous session
PTC Web Desk: Silver prices surged to an all-time high on January 7, while gold witnessed a marginal decline, according to data released by the India Bullion and Jewellers Association (IBJA).
Silver jumped by Rs 2,894 to reach a record level of Rs 2,46,044 per kg, compared with Rs 2,43,150 per kg in the previous session. The precious metal has been on a strong upward trajectory, driven largely by robust industrial demand and global supply concerns.
In contrast, gold prices edged lower on the day. The price of 10 grams of 24-carat gold slipped by Rs 45 to Rs 1,36,615, down from Rs 1,36,660 in the previous session. Gold had earlier touched an all-time high of Rs 1,38,161 per 10 grams on December 29, 2025.
Gold and silver delivered exceptional returns in 2025. Gold prices rose by Rs 57,033, marking a 75% increase over the year. On December 31, 2024, gold was priced at Rs 76,162 per 10 grams, which climbed to Rs 1,33,195 by the end of 2025.
Silver outperformed gold significantly, surging by Rs 1,44,403, or 167%, during the same period. The price of silver increased from Rs 86,017 per kg at the end of 2024 to Rs 2,30,420 per kg by December 31, 2025.
Silver’s sharp rise is being fueled primarily by strong industrial demand. Its extensive use in solar panels, electronics and electric vehicles has transformed silver into a critical industrial commodity rather than just a jewellery metal. Concerns over potential trade tariffs in the US have prompted companies to build large inventories, tightening global supply. At the same time, manufacturers are accelerating purchases to avoid production disruptions, further pushing prices higher.