Home / Business and Economy / Gold Dips Amidst Indian Festivals, Silver Soars
Gold Dips Amidst Indian Festivals, Silver Soars
15 Jan
Summary
- Gold prices dropped on January 15, 2026, after a sharp prior rise.
- 24 Karat gold fell by Rs 82 per gram, while 22 Karat also declined.
- Silver prices continued a record rally, reaching new highs.
Gold prices in India saw a notable correction on January 15, 2026, coinciding with major harvest festivals such as Makar Sankranti and Pongal. This dip followed a substantial cumulative rise in gold prices in the preceding days. The rate for 24 Karat gold decreased by Rs 82 per gram, while 22 Karat and 18 Karat gold also experienced similar downward adjustments in their per-gram pricing.
In contrast to gold's retreat, silver prices in India continued their impressive rally on the same day, reaching fresh record highs. The per-gram rate for silver climbed, with larger quantities like 100 grams and 1 kilogram hitting new peaks. This contrasting performance between gold and silver indicates distinct market movements for the precious metals.
Experts noted that both gold and silver delivered exceptional returns in 2025, with gold rising significantly and silver soaring even higher. In early 2026, both metals are showing strong momentum, with silver experiencing substantial year-to-date gains as investors seek safe-haven assets and industrial exposure.
