After touching all-time highs just days ago, precious metals saw a slight easing today, offering a breather to buyers watching the market closely.
The gold silver prices decline comes as a modest correction, with traders assessing global cues and domestic demand patterns in the bullion segment.
According to the India Bullion and Jewellers Association (IBJA), the benchmark rates reflected this minor dip on Friday, December 19.
Gold Silver Prices Decline: Latest Rates from IBJA
The association pegged 10 grams of gold at ₹1,31,779, down by ₹695 from Thursday’s closing of ₹1,32,474. This follows a peak of ₹1,33,249 recorded on December 15, marking the highest level till date.
Silver witnessed a sharper adjustment, with rates falling ₹1,053 to ₹2,00,067 per kilogram. The white metal had scaled its own record high of ₹2,01,120 per kg the previous day.
These IBJA rates serve as a national benchmark, used widely for reference in sovereign gold bonds and bank valuations.
Why Rates Differ Across Cities
Buyers often notice variations in local jewellery shops compared to IBJA figures. These benchmark rates exclude the 3% GST, making charges, and jewellers’ margins, which are added at the retail level.
As a result, actual purchase prices in cities like Delhi, Mumbai, Chennai, or Kolkata tend to be higher. The IBJA rates provide a pure metal value, helping institutions like the RBI for bond pricing and banks for gold loans.
Recent Trends in Bullion Market
The minor pullback today follows a strong rally that pushed both metals to fresh peaks earlier in the week. Factors like international spot prices, currency movements, and investor sentiment continue to influence daily fluctuations.
In broader markets, similar softness was observed in futures trading, aligning with the benchmark adjustments.
Keep track of daily bullion updates, city-wise retail rates, and global factors impacting precious metals for informed decisions.
Disclaimer: This article is based on rates published by the India Bullion and Jewellers Association (IBJA) and related reports as of December 19, 2025. Actual retail prices may vary due to additional charges. Precious metal investments carry market risks; consult professional advisors for personalized guidance.