Gold-Silver Price Today: After witnessing a decline for two consecutive days, gold and silver prices have once again moved upward on Friday. Silver prices recorded a sharp jump of over ₹7,000, while gold also traded firmly higher. Earlier, silver had corrected by nearly ₹22,000 within just three days, raising questions among investors about the sharp volatility in precious metals.
Let’s take a detailed look at today’s gold and silver prices in both the futures and retail markets, along with the key reasons behind the recent fluctuations.
Gold and Silver Prices in the Futures Market
At around 11:25 AM on the Multi Commodity Exchange (MCX):
Silver (March 5 contract) surged by ₹8,768 to trade at ₹2,44,641 per kg.
Gold (February 5 contract) also witnessed a strong rise of ₹1,113, trading at ₹1,36,915 per 10 grams.
The rebound comes after heavy profit booking in the previous sessions.
Today’s Gold and Silver Prices in the Retail Market (IBJA Rates, Excluding GST)
According to IBJA (Indian Bullion and Jewellers Association) rates:
24-carat gold (999 purity) increased by ₹954 to ₹1,34,415 per 10 grams, compared to ₹1,33,461 in the previous session.
Silver jumped by ₹5,656, reaching ₹2,34,906 per kg, up from ₹2,29,250 earlier.
Why Are Gold and Silver Prices So Volatile?
Commodity market experts point out that:
In 2025, silver prices have surged nearly 150%, while gold has risen around 70%.
Prices of both metals are currently trading near their record-high levels.
Due to heightened global uncertainty, investors are adopting a cautious approach. When prices rise sharply, traders book profits. Conversely, when prices fall steeply in a single session, buying emerges as investors look to accumulate at lower levels. This buying-selling cycle is causing sharp intraday and short-term volatility.
Key Reasons Behind the Rise in Gold and Silver Prices
1. Fresh Buying After Profit Booking
Following recent corrections, renewed buying interest has emerged across physical markets, ETFs, and delivery-based contracts, supporting prices.
2. Expectations of US Fed Rate Cuts
The US Federal Reserve’s softer stance and rising expectations of interest rate cuts have increased the appeal of non-yielding assets like gold and silver. Improving US economic indicators have further strengthened investor confidence.
3. Rising Industrial Demand for Silver
Silver demand is growing rapidly due to its extensive use in:
Green energy projects
Solar panels
Electric vehicles (EVs)
Electronics and semiconductors
This strong industrial demand is tightening supply and pushing prices higher.
China’s New Policy Drives Silver Prices Higher
Silver prices have also gained momentum after China implemented new export regulations effective January 1, 2026. Under the new rules:
Silver exports will require mandatory government licenses.
Companies will not be allowed to export silver without official approval.
China directly and indirectly controls around 60–70% of the global silver supply. As a result, these restrictions are expected to tighten global availability, significantly boosting demand and prices worldwide.
How Close Are Gold and Silver to Their Record Highs?
Gold’s all-time high stands at ₹1,40,465 per 10 grams. Current prices are about ₹3,500 below the peak.
Silver’s record high is ₹2,54,174 per kg, while current levels are nearly ₹11,000 lower.
Despite the recent correction, both metals continue to trade close to historic highs, indicating strong underlying demand.
Conclusion
Gold and silver prices are witnessing sharp movements due to a mix of global economic factors, China’s policy changes, rising industrial demand, and speculative trading. Market participants are advised to remain cautious and track global cues closely as volatility is likely to persist.
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