Gold prices moved higher this week, while silver recorded a notable decline, reflecting continued volatility in the bullion market.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold on Friday, February 13, rose by ₹687, reaching ₹1,52,765 per 10 grams. Gold had previously closed at ₹1,52,078 per 10 grams on February 6.
Silver prices, however, trended lower during the same period. The price of silver declined by ₹2,496, settling at ₹2,42,433 per kilogram, compared with ₹2,44,929 per kilogram on February 6.
Sharp Intra-Week Volatility
Both precious metals experienced significant price swings during the week.
On February 11, gold briefly surged to ₹1,57,322 per 10 grams, while silver climbed sharply to ₹2,66,449 per kilogram. Prices later moderated, underscoring the heightened volatility currently characterising the bullion market.
Market analysts attribute such fluctuations to global economic cues, currency movements, and shifts in investor sentiment.
Year-to-Date Performance in 2026
Despite recent corrections, both metals remain firmly higher on a year-to-date basis.
Gold has gained ₹19,570 so far in 2026, rising from ₹1,33,195 per 10 grams on December 31, 2025, to ₹1,52,765 per 10 grams.
Silver has increased by ₹12,013, moving from ₹2,30,420 per kilogram to ₹2,42,433 per kilogram during the same period.
The sustained upward trend highlights continued investor interest in precious metals as a hedge against inflation and economic uncertainty.
Strong Rally in 2025
The current price levels follow an exceptional rally witnessed in 2025.
Gold recorded a 75% annual increase, gaining approximately ₹57,000, rising from ₹76,162 per 10 grams on December 31, 2024, to ₹1,33,195 per 10 grams by the end of 2025.
Silver outperformed significantly, registering a 167% surge, climbing by nearly ₹1.44 lakh, from ₹86,017 per kilogram to ₹2,30,420 per kilogram over the same period.
Key Considerations for Gold Buyers
With bullion prices remaining elevated, consumers are advised to exercise caution while purchasing gold.
1. Purchase Hallmarked Gold
Buyers should ensure that gold carries the Bureau of Indian Standards (BIS) hallmark, which certifies purity. The alphanumeric hallmark code verifies the metal’s carat value and authenticity.
2. Verify Market Rates
Gold prices vary across 24-carat, 22-carat, and 18-carat categories. Consumers are encouraged to cross-check daily rates through reliable sources such as the IBJA before making purchases.
