Gold Prices Slightly Up, Silver Sees Drop on New Year’s Day

Udaipur Kiran, New Delhi, 1 January: On the first day of the new year, gold prices showed a slight increase while silver prices fell by over a thousand rupees.

According to the India Bullion Jewellers Association (IBJA), the price of 10 grams of 24-carat gold rose by ₹266 to ₹1,33,461 from ₹1,33,195.

The rate of 22-carat gold increased to ₹1,22,250 per 10 grams from ₹1,22,007, and 18-carat gold rose to ₹1,00,096 per 10 grams from ₹99,896.

In contrast, silver prices dropped by ₹1,170 to ₹2,29,250 per kilogram from ₹2,30,420.

In the futures market, minor changes were also observed. The price of gold contracts for 5 February 2026 declined by 0.08% to ₹1,35,690, while silver contracts for 5 March 2026 fell by 0.03% to ₹2,35,800.

Most major global markets remained closed on New Year’s Day, resulting in no significant changes in international gold and silver prices, which stood at $4,332 per ounce for gold and $70.8 per ounce for silver.

Normal trading for gold and silver at the international level is expected to resume from Friday.

In 2025, both gold and silver delivered impressive returns, with gold prices rising by a record 65% and silver by over 140%. This surge is attributed to global instability, US tariffs, and ongoing conflicts between several countries.

LPG Users Alert: Complete eKYC by August 16 Magic Photo Editor drops ₹12,579 before Pixel 11 launch! Jio’s Best Offer: Free WiFi for 1 Month, 100Mbps Internet!