Thu Jan 01 03:10:00 UTC 2026: Okay, here’s a summary and a news article based on the provided text:

Summary:

On January 1, 2026, gold and silver prices dipped in India. According to the IBJA, 24-carat gold fell by ₹44 to ₹1,33,151 per 10 grams, while silver decreased by ₹2,520 to ₹2,27,900 per kilogram. This is the third consecutive day of price declines after reaching all-time highs on December 29, 2025, when gold hit ₹1,38,161/10g and silver touched ₹2,43,483/kg. In 2025, gold prices increased by 75% and silver by 167%. Experts predict further increases in both gold and silver prices in the coming year, with silver potentially reaching ₹2.75 lakh per kg in the next year and ₹1.5 lakh per 10 gram for gold. The article also mentions that 2025 was a landmark year for the Indian economy, with the nation surpassing Japan to become the world’s fourth-largest economy.

News Article:

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

New Delhi, January 1, 2026 – The new year brought a slight respite to Indian consumers as gold and silver prices saw a decrease on January 1, 2026. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹44, settling at ₹1,33,151 per 10 grams. Silver prices experienced a more significant drop, decreasing by ₹2,520 to ₹2,27,900 per kilogram.

This marks the third consecutive day of price declines for both precious metals. The dip follows record highs reached on December 29, 2025, when gold touched ₹1,38,161 per 10 grams and silver soared to ₹2,43,483 per kilogram.

The significant price increases throughout 2025 saw gold appreciating by 75% and silver by a staggering 167%.

Despite the current dip, analysts predict a continued upward trend for both metals. Ajay Kedia, Director at Kedia Advisory, anticipates strong demand for silver to persist, forecasting a potential price of ₹2.75 lakh per kilogram within the next year. Kedia also suggests silver could reach ₹2.10 lakh per kg by the end of 2026. He also believes that gold has high demand and may hit ₹1.5 lakh per 10 gram in the coming year.

Economic Milestone for India:

The price fluctuations come against the backdrop of a strong year for the Indian economy. In 2025, India surpassed Japan to become the world’s fourth-largest economy, marking a significant milestone. The second quarter of 2025 saw GDP growth rise to 8.2%, accompanied by a drop in inflation to 0.71% and a decrease in unemployment.

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