There are no signs of softening in the prices of gold and silver. While on Monday, which was the previous trading day, silver created history by crossing the historic level of Rs 3 lakh per kg, just a day later on Tuesday, gold crossed the Rs 1.5 lakh per 10 gram mark for the first time. Gold prices continued to rise on the second day of the week and it became costlier by about Rs 7000 in a single day.
10 grams of gold now worth Rs 1.5 lakh
Last year saw a tremendous surge in the prices of gold, and this year too the price of this precious metal is breaking records. If we look at the futures price of gold on the Multi Commodity Exchange, on Tuesday, gold opened at Rs 1,45,500 per 10 grams, slightly lower than the closing price of Rs 1,45,639 per 10 grams on the last trading day on Monday. However, as the trading on MCX progressed, it gained momentum and it increased by Rs 6861 from the previous closing price to reach Rs 1,52,500 and created history. The price of gold has now increased from Rs 1 lakh to Rs 1.5 lakh.
Gold became costlier by Rs 17,000 in January
In the beginning of January, gold prices were looking sluggish, but suddenly breaking the trend, gold picked up the pace of 2025. This can be gauged from the fact that in just 20 days of this month, the price of 10 grams of 24 carat gold has increased by Rs 17,053. It has increased by Rs 9,983 in the last two days alone. It is noteworthy that on the last trading day of last week, the futures price of 24 carat gold with expiry of February 5 was Rs 1,42,517 per 10 grams. Gold shines in domestic market also
Gold prices are skyrocketing not only on MCX but also in the domestic market. According to Indian Bullion Jewelers Association website IBJA.com, 24-carat gold had closed at ₹1,43,946 per 10 grams on Monday, but on Tuesday it was trading at ₹146,380. This means it became costlier by ₹2,434 in a single day. If we look at the rates of different qualities of gold…
Gold (Quality) Gold Rate (Per 10 Grams)
24 carat gold ₹1,46,380/10 grams
22 carat gold ₹1,42,286/10 grams
20 carat gold ₹1,30,270/10 grams
18 carat gold ₹1,18,560/10 grams
Silver is also becoming expensive
Apart from gold, let’s talk about the price of another precious metal, silver. In the domestic market, silver prices opened at ₹3,04,863 per kg, a huge rise of ₹10,888 compared to the previous closing price of ₹2,93,975. If we look at MCX silver price, the futures price of silver expiring on March 5 increased by ₹ 17,723 to ₹ 3,27,998 per kg. From December 31, 2025, the price of 1 kg silver has increased by ₹92,297.
It is important to note that the gold and silver prices uploaded on the Indian Bullion Jewelers Association website are the same across the country. However, when you buy jewellery, you have to pay gold GST + making charges, which increases the final price. Making charges may vary from city to city.
There are no signs of softening in the prices of gold and silver. While on Monday, which was the previous trading day, silver created history by crossing the historic level of Rs 3 lakh per kg, just a day later on Tuesday, gold crossed the Rs 1.5 lakh per 10 gram mark for the first time. Gold prices continued to rise on the second day of the week and it became costlier by about Rs 7000 in a single day.
10 grams of gold now worth Rs 1.5 lakh
Last year saw a tremendous surge in the prices of gold, and this year too the price of this precious metal is breaking records. If we look at the futures price of gold on the Multi Commodity Exchange, on Tuesday, gold opened at Rs 1,45,500 per 10 grams, slightly lower than the closing price of Rs 1,45,639 per 10 grams on the last trading day on Monday. However, as the trading on MCX progressed, it gained momentum and it increased by Rs 6861 from the previous closing price to reach Rs 1,52,500 and created history. The price of gold has now increased from Rs 1 lakh to Rs 1.5 lakh.
Gold became costlier by Rs 17,000 in January
In the beginning of January, gold prices were looking sluggish, but suddenly breaking the trend, gold picked up the pace of 2025. This can be gauged from the fact that in just 20 days of this month, the price of 10 grams of 24 carat gold has increased by Rs 17,053. It has increased by Rs 9,983 in the last two days alone. It is noteworthy that on the last trading day of last week, the futures price of 24 carat gold with expiry of February 5 was Rs 1,42,517 per 10 grams.
Gold shines in domestic market also
Gold prices are skyrocketing not only on MCX but also in the domestic market. According to Indian Bullion Jewelers Association website IBJA.com, 24-carat gold had closed at ₹1,43,946 per 10 grams on Monday, but on Tuesday it was trading at ₹146,380. This means it became costlier by ₹2,434 in a single day. If we look at the rates of different qualities of gold…
Gold (Quality) Gold Rate (Per 10 Grams)
24 carat gold ₹1,46,380/10 grams
22 carat gold ₹1,42,286/10 grams
20 carat gold ₹1,30,270/10 grams
18 carat gold ₹1,18,560/10 grams
Silver is also becoming expensive
Apart from gold, let’s talk about the price of another precious metal, silver. In the domestic market, silver prices opened at ₹3,04,863 per kg, a huge rise of ₹10,888 compared to the previous closing price of ₹2,93,975. If we look at MCX silver price, the futures price of silver expiring on March 5 increased by ₹ 17,723 to ₹ 3,27,998 per kg. From December 31, 2025, the price of 1 kg silver has increased by ₹92,297.
It is important to note that the gold and silver prices uploaded on the Indian Bullion Jewelers Association website are the same across the country. However, when you buy jewellery, you have to pay gold GST + making charges, which increases the final price. Making charges may vary from city to city.
