Patna: Gold and silver prices recorded a sharp correction on Friday after four consecutive days of hitting all-time highs, with market participants attributing the decline largely to profit-taking.
According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by Rs 6,865 in a single day to Rs 1,68,475 per 10 grams. A day earlier, gold had been trading at Rs 1,75,340 per 10 grams.
Silver also witnessed a steep fall. The price of one kilogram dropped by Rs 22,825 to Rs 3,57,163, compared with Rs 3,79,988 on Thursday.
Market experts said the decline followed sustained gains over recent weeks, prompting traders and investors to lock in profits. Despite the drop, bullion prices remain elevated compared with the start of the year.
IBJA prices do not include 3% goods and services tax, making charges or jewellers’ margins, and retail rates may therefore vary across cities. These benchmark prices are used by the Reserve Bank of India to determine sovereign gold bond valuations and by several banks to set gold loan rates.
Gold has risen sharply in January. In the first 29 days of the month, prices climbed by Rs 35,280. On December 31, 2025, 24-carat gold was priced at Rs 1,33,195 per 10 grams.
Silver has seen an even steeper absolute rise over the same period, gaining Rs 1,26,743. At the end of December, silver was trading at Rs 2,30,420 per kilogram, before surging to current levels despite Friday’s correction.
Analysts said near-term volatility could persist as global cues, interest rate expectations and investor sentiment continue to influence precious metal prices.
