New Delhi, February 4: Gold and silver prices experienced a significant surge on Wednesday, with both precious metals seeing an increase of nearly ₹18,000. According to the India Bullion and Jewellers Association (IBJA), the price of silver rose by ₹18,497, reaching ₹2,82,462 per kilogram, up from ₹2,63,965 per kilogram the previous day.
Alongside silver, gold prices also saw an uptick. The price of 24-carat gold increased by ₹5,096, now standing at ₹1,56,625 per 10 grams, compared to ₹1,51,529 per 10 grams earlier. The price of 22-carat gold rose from ₹1,38,801 to ₹1,43,469 per 10 grams, while 18-carat gold climbed from ₹1,13,647 to ₹1,17,469 per 10 grams.
This rise in gold and silver prices follows a record decline. Last Friday, profit booking led to a drop of over 11% in gold prices and more than 31% in silver prices.
In the spot market, as well as on the Multi Commodity Exchange (MCX), gold and silver prices have also surged. The price for gold contracts due on April 2, 2026, increased by 1.98% to ₹1,56,850, while silver contracts due on March 5, 2026, rose by 5.59% to ₹2,82,993.
Internationally, gold and silver prices have also shown an upward trend. As of the time of writing, gold was priced at $5,029 per ounce, reflecting a 1.85% increase, while silver reached $90 per ounce, up by 8.25%.
Market experts noted that rising global instability and increased industrial demand have supported silver prices. Future trends in gold prices will likely be influenced by upcoming data from U.S. markets.
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