Punjab Newsline | New Delhi
Gold and silver prices registered a significant decline on Monday, May 26, amid continued volatility in the precious metals market. According to the India Bullion and Jewellers Association (IBJA), silver prices dropped sharply by ₹4,750 per kilogram to ₹2.66 lakh, while 10 grams of 24-carat gold became cheaper by ₹1,135 and slipped to ₹1.58 lakh.
The latest correction comes after both metals witnessed a strong rally earlier this year. Gold prices had surged rapidly in January 2026, touching an all-time high of ₹1.76 lakh per 10 grams on January 29. However, the yellow metal has now fallen nearly ₹18,000 from its peak level. At the end of December 2025, gold was trading around ₹1.33 lakh.
Silver has seen even sharper fluctuations during the same period. The metal was priced at ₹2.30 lakh per kilogram on December 31, 2025, before soaring to a record high of ₹3.86 lakh on January 29, 2026. Since then, silver prices have continued to decline and are currently around ₹1.20 lakh below their peak.
Market experts said the fall in prices is being driven by multiple global and domestic factors. Despite tensions in the Middle East, investors are reportedly avoiding risky bets and increasing cash holdings by selling precious metals. Analysts also pointed to heavy profit booking by large investors after gold and silver hit record highs earlier this year.
