Tue Jan 20 04:20:00 UTC 2026: # Silver and Gold Prices Soar to Record Highs in India, Leaving Customers Uneasy

The Story:
Indian bullion markets witnessed an unprecedented surge in silver and gold prices on Monday, sending ripples of concern among consumers. Silver prices reached an all-time high of ₹2,99,027 per kg in the spot market, a staggering increase from ₹90,500 per kg on January 1, 2025. Similarly, gold prices also saw historical gains, with RTGS gold trading between ₹1,46,977 and ₹1,48,365 per 10 grams, and spot gold mirroring those figures. While investors celebrate, ordinary customers are increasingly priced out of the market.

Key Points:

  • Silver prices hit a record high of ₹2,99,027 per kg on Monday.
  • Gold (RTGS) prices ranged from ₹1,46,977 to ₹1,48,365 per 10 grams on Monday.
  • Gold (spot) prices ranged from ₹1,46,877 to ₹1,48,365 per 10 grams on Monday.
  • Silver has seen an increase of approximately 231% in the past year.
  • Gold has seen an increase of approximately 99% in the past year.
  • The number of people selling old silver items, including coins and utensils, has increased.

Key Takeaways:

  • Precious metal markets are experiencing extreme volatility and rapid growth.
  • Investors are currently benefiting from the rising prices of silver and gold.
  • High prices are deterring ordinary consumers from participating in the market.
  • The surge in prices is prompting individuals to sell their existing silver assets.
  • The long-term sustainability of these price levels remains uncertain.

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