NEW DELHI– Silver prices saw a significant rise on Tuesday, even as gold prices recorded a modest decline, according to data released by the India Bullion and Jewellers Association (IBJA).
The price of silver climbed by ₹323, increasing from ₹1,12,984 to ₹1,13,307 per kilogram. The white metal has consistently traded above ₹1,10,000/kg in recent sessions, having reached an all-time high of ₹1,15,850/kg on July 23.
In a recent report, Client Associates (CA) described silver as more than just a traditional precious metal, citing its dual role as both an industrial commodity and a financial asset. This unique positioning, the report noted, gives silver strong diversification potential and a projected upside of 15–20 percent over the next 12 to 24 months.
“Silver’s dual usage ties its market performance not only to global macroeconomic uncertainty but also to technological advancement cycles,” CA stated, reinforcing its view of silver as a compelling modern asset class.
Meanwhile, gold prices dipped slightly. The price of 24-carat gold fell by ₹150 to ₹98,296 per 10 grams. Similarly, 22-carat gold dropped ₹138, sliding from ₹90,177 to ₹90,039 per 10 grams. The price of 18-carat gold also declined by ₹113 to ₹73,722 per 10 grams.
On the futures market, both metals showed gains. Gold futures for August 5, 2025, rose by 0.27 percent to ₹97,804 on the Multi-Commodity Exchange (MCX), while silver futures for September 5, 2025, climbed 0.2 percent to ₹1,13,281.
Internationally, both metals were also trading higher. COMEX silver rose 0.15 percent to $38.28 per ounce, while gold increased by 0.25 percent to $3,318.40 per ounce. As of late Tuesday, COMEX gold was trading slightly higher at $3,325 per ounce, up 0.30 percent, as investors awaited signals from the U.S. Federal Reserve’s two-day policy meeting.
“Gold prices traded slightly higher at ₹97,900 with gains of ₹350, while Comex gold rose by 0.30 percent to $3,325 amid the ongoing Fed policy review,” said Jateen Trivedi, analyst at LKP Securities. He projected that gold would remain in a range of ₹97,000 to ₹98,650 in the near term. (Source: IANS)
