Patna: Gold prices rose sharply on Monday, with 10 grams of 24-carat gold becoming costlier by Rs 1,983 to reach Rs 1.63 lakh, according to the India Bullion and Jewellers Association (IBJA).
Silver, however, moved in the opposite direction. Its price fell by Rs 297 to Rs 2.46 lakh per kg.
Gold gains Rs 20,000 in August
Gold and silver prices have remained volatile through 2026, with gold registering a particularly strong rise in August.
In the first 24 days of the month, gold has become costlier by around Rs 20,000, while silver has gained around Rs 28,000.
Gold has risen by Rs 30,000 so far this year. On December 31, 2025, 10 grams of gold was priced at Rs 1.33 lakh, compared with Rs 1.63 lakh currently.
Silver has also gained during the period, rising from Rs 2.30 lakh per kg on December 31, 2025, to Rs 2.46 lakh currently.
Gold and silver hit record highs in January
Both precious metals recorded their highest prices of the year so far on January 29.
Gold reached an all-time high of Rs 1.76 lakh per 10 grams, while silver touched Rs 3.86 lakh per kg.
Experts see further rise
A gold market expert said the precious metal continues to receive support from retail investors as well as central banks globally, including the Reserve Bank of India (RBI), which has been consistently purchasing gold.
According to the expert, gold could maintain its upward momentum despite challenging conditions. If market conditions improve, silver could also see a sharp rise.
Based on current projections, gold could reach Rs 1.70 lakh per 10 grams by December, while silver could climb to Rs 3 lakh per kg.
