New Delhi/Patna: Gold and silver prices recorded a sharp rise on April 15, according to data from the India Bullion and Jewellers Association, amid continued volatility in the precious metals market.
The price of 24-carat gold increased by Rs 2,938 to Rs 1.53 lakh per 10 grams, up from Rs 1.50 lakh on April 13. Silver also saw a significant jump, rising by Rs 13,874 to Rs 2.51 lakh per kilogram from Rs 2.37 lakh earlier this week.
Year of sharp fluctuations
Prices of both metals have fluctuated considerably in 2026.
- Gold has risen by Rs 19,754 since the start of the year, from Rs 1.33 lakh on December 31, 2025 to Rs 1.53 lakh now
- Silver has increased by Rs 20,435 over the same period, from Rs 2.30 lakh to Rs 2.51 lakh per kg
Both metals had reached record highs on January 29, when gold touched Rs 1.76 lakh and silver surged to Rs 3.86 lakh.
However, prices declined after late February amid global geopolitical tensions, including the conflict involving the US and Israel against Iran. Over the subsequent 47 days, gold fell by Rs 6,148 and silver by Rs 15,845 before the latest rebound.
Policy shift impacts supply
Market participants have also pointed to domestic policy changes as a factor influencing prices.
The government has shifted gold, silver and platinum jewellery from the ‘free’ to the ‘restricted’ import category. Under a notification issued by the Directorate General of Foreign Trade, imports of such jewellery now require a special licence.
Officials said the move aims to prevent misuse of free trade agreements, but analysts note it may tighten supply in the domestic market, contributing to upward pressure on prices.
Outlook remains uncertain
Experts said the combination of global uncertainties and domestic regulatory changes could keep prices volatile in the near term.
With geopolitical tensions and policy adjustments continuing to influence the market, further fluctuations in gold and silver prices are likely in the coming weeks.
