Editor’s Note
The bullion market is experiencing significant volatility, with silver showing signs of recovery after recent declines and gold prices also strengthening. Investors and traders are closely monitoring these developments for potential opportunities and risks.
The bullion market has been witnessing heavy fluctuations these days. After a continuous decline in silver prices, signs of a rally have now emerged again. Meanwhile, gold prices have also strengthened, keeping the eyes of investors and traders fixed on the market’s upcoming moves.
A continuous decline in silver prices was recorded until last week. According to market experts, silver prices remained under pressure due to weak demand in international markets, a strong dollar, and temporary sluggishness in industrial use. This decline in retail silver prices directly impacted customer purchases.
According to the rates released by the Bullion Association on Thursday, 22 January 2026, the prices for 10 grams of gold for retail customers were as follows:
RATE UPDATE (SARAFA ASSOCIATION)
Sale Rate for Retail Customer (10 Grams)
GST, Making & Hallmark Charges Additional
Gold:
24 Carat: ₹1,55,200
22 Carat: ₹1,42,800 (92%)
18 Carat: ₹1,17,600 (76%)
Silver:
Jewelry Silver: ₹3,09,000 per kg
The impact of this price decline was particularly seen in the wedding and jewelry sectors, where customers appeared to be waiting for prices to fall further.
According to trader Vinod Maheshwari, associated with the bullion market, limited buying is being seen from jewelry manufacturers at current prices, while investors are adopting a cautious stance.
After a continuous decline, signs of a rally are now being seen again in the bullion market. According to the latest information:
Silver: ₹3,22,000 per kg
Gold: ₹1,59,400 per 10 grams
The increase in these prices clearly shows that the market has started recovering from lower levels. Experts believe that demand for gold and silver as safe-haven investments is increasing due to uncertainty in global markets, geopolitical tensions, and inflation fears.
Financial experts say that in the current period, it is extremely important to invest in precious metals thoughtfully. Given the sharp price fluctuations, investing without a strategy can be risky. Always consult your financial advisor before investing in silver and gold. This time could be for systematic investment for long-term investors, while short-term investors need to keep a close eye on market movements.
According to experts, changes at the international level have a direct impact on the domestic bullion market. US interest rate decisions, the dollar index situation, and global economic indicators are affecting gold and silver prices.
While some customers took advantage of the opportunity to buy during the decline, many customers appeared confused again after the rally returned. Jewelers say that if prices remain stable for some time, demand in the market could pick up pace again.
