Breaking News: Gold & Silver Prices Plunge 6% in a Day, Buyers Shocked Across India

Gold and silver prices in India have seen extreme volatility, with a sharp 6% drop in a single day. Today, 10 grams of gold is priced at ₹1,59,250, while 1 kilogram of silver stands at ₹3,75,900. This follows a dramatic surge in silver, which reached ₹4,10,000 per kilogram on 29 January. Historically, silver was ₹7,900 per kilogram in 2000 and crossed ₹2,09,000 by December 2025. Gold has also doubled in price, from ₹7,000 per gram in December 2024 to ₹15,000 per gram today. The steep rise in precious metal rates is causing significant distress for middle-class families, especially during wedding season. Affordable jewelry, including traditional items like bichhiya (toe rings) and bridal sets, is now beyond reach for many. Shops report declining sales as customers cannot afford even small pieces, and jewelers face months of stagnation. The issue has reached national attention, with MPs in the Rajya Sabha highlighting the burden on families. The surge is driven by international market trends, but domestic buyers are demanding government intervention. For millions of Indians, soaring gold and silver prices are creating financial stress and threatening traditional customs, particularly in weddings.

Go to Source