The bullion market has refused to cool down, scaling new peaks for the second straight day.
Gold silver prices all-time high streak extended on Tuesday, January 13, as benchmark rates from the India Bullion and Jewellers Association (IBJA) showed sharp gains, especially in silver.
Both metals remain in strong demand, reflecting a mix of safe-haven buying and industrial needs amid global uncertainties.
Gold Silver Prices All-Time High: Latest Benchmark Rates
Silver led the charge, climbing ₹6,256 to close at ₹2,63,032 per kilogram. It had already touched ₹2,57,283 the previous day, and the two-day gain exceeds ₹20,000 per kg.
Gold opened at a fresh peak of ₹1,40,482 for 10 grams of 24-carat, up ₹33, but saw some profit-booking later and settled ₹165 lower at ₹1,40,284. Yesterday’s close was ₹1,40,449.
These IBJA rates are pure metal values and form the basis for sovereign gold bonds and bank loan assessments.
Key Reasons Behind Gold’s Rally
A weaker US dollar, following expectations of interest rate cuts, has reduced the holding cost of gold, encouraging purchases.
Ongoing geopolitical tensions, including the Russia-Ukraine conflict, continue to drive investors towards gold as a traditional safe-haven asset.
Central banks, particularly in countries like China, have stepped up gold reserves significantly—adding over 900 tonnes annually—providing sustained support to prices.
Factors Fuelling Silver’s Sharp Rise
Industrial demand remains robust, with silver playing a critical role in solar panels, electronics, and electric vehicles, transforming it into an essential raw material beyond jewellery.
Fears of new US tariffs under the incoming administration have prompted companies to build stockpiles, tightening global supply.
Manufacturers are buying ahead to avoid potential disruptions, a trend expected to keep upward pressure on prices in the coming months.
Keep following daily bullion rate updates, global economic cues, and expert insights for the latest on precious metals.
Disclaimer: This article is based on rates published by the India Bullion and Jewellers Association (IBJA) and related reports as of January 13, 2026. Actual retail prices may vary due to GST, making charges, and local margins. Precious metal investments involve market risks; consult qualified professionals for guidance.