New Delhi – On December 13, India’s bullion market saw a sharp uptick as gold and silver prices climbed in line with the strong momentum seen overseas. Gold added roughly ₹4,000 per 10 gram, while silver surged close to ₹17,000 per kilogram.
According to the India Bullion and Jewellers Association (IBJA), 24‑karat gold was priced at ₹1,32,710 for 10 grams – an increase of ₹4,188 from the level of ₹1,28,592 a week earlier. The 22‑karat tier moved up to ₹1,21,562, and 18‑karat gold rose to ₹99,533 from ₹96,444.
Silver outpaced the metal, gaining a sharper weekly lift. Its spot rose by ₹16,970 to ₹1,95,180 per kilogram, up from ₹1,78,210 a week before. Earlier that Friday, silver briefly touched the ₹2‑lakh mark, hitting an all‑time high of ₹2,013,88 on the Multi‑Commodity Exchange (MCX) during intraday trading. The March 5, 2026 futures contract jumped over ₹2,400 during the day, eventually settling at ₹2,00462—an increase of ₹1,520 from the previous close of ₹1,98,942.
“Gold and silver ETFs have been quiet heroes of the year, delivering standout returns even as equity markets saw bouts of volatility. Silver, especially, stole the spotlight — a rare combination of booming industrial demand from solar, EVs and electronics, alongside tightening global supply, pushed prices sharply higher,” said Nikunj Saraf, CEO of Choice Wealth. He added that gold also remained resilient, supported by steady central‑bank purchases and investors seeking safeguards amid geopolitical tensions and inflationary concerns.
The MCX gold futures for the February 5 expiry rose 1.87 % to close at ₹1,34,948 per 10 grams on Friday, while the retail 24‑karat price settled at ₹132,710—up more than ₹4,600 from the previous day’s ₹1,28,596, according to IBJA figures.
The domestic rally largely reflects the sustained strength of international markets, with both metals hovering near all‑time peaks. On COMEX, gold traded at $4,328 an ounce and silver at $62 an ounce today.
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