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Gold and Silver Prices Dip on New Year’s Day 2026, Analysts Predict Further Gains

New Delhi, January 1, 2026 – Gold and silver prices saw a decline on the first day of the new year, continuing a downward trend for the third consecutive day. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has decreased by ₹44, settling at ₹1,33,151 per 10 grams. Yesterday’s price was ₹1,33,195/10g. Silver also experienced a significant drop, with one kilogram falling by ₹2,520 to reach ₹2,27,900. The previous day’s price was ₹2,30,420 per kilogram.

The prices remains well below the record highs that were reached December 29, 2025. On that day Gold price hit ₹1,38,161 per 10 grams and silver was priced at ₹2,43,483 per kilogram.

Despite this dip, market analysts are optimistic about the future of precious metals. 2025 saw significant gains in value, with gold rising by 75% and silver by a staggering 167%.

Ajay Kedia, Director at Kedia Advisory, anticipates continued demand for silver, predicting it could reach ₹2.75 lakh per kilogram within the next year and ₹2.10 lakh per kilogram by the end of 2026. Gold is also expected to appreciate, potentially exceeding ₹1.50 lakh per 10 grams in the coming year.

Note: IBJA prices exclude 3% GST, making charges, and jewellers’ margins, leading to variations in rates across different cities. These rates are used by the RBI to determine Sovereign Gold Bond rates and by banks for setting gold loan rates.

India Surpasses Japan to Become 4th Largest Economy in 2025

In other economic news, 2025 marked a significant milestone for India, as it surpassed Japan to become the world’s fourth-largest economy. The second quarter saw GDP growth rise to 8.2%, inflation decline to 0.71%, and unemployment decrease, marking a year of strong economic performance for the nation.

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