Gold and silver prices continued to rise this week. Gold rose by ₹4,000 to ₹1.59 lakh per 10 grams. Previously, it was at ₹1.55 lakh on Friday, February 20th. Silver, meanwhile, rose from ₹2.50 lakh per kg to ₹2.67 lakh, a price increase of ₹17,000.
Gold has gained ₹26,000, silver ₹36,000 this year.
This year, the price of gold and silver has seen constant fluctuations. So far in 2026, gold has gained ₹25,902, and silver ₹36,280. During this period, gold reached an all-time high of ₹1.76 lakh and silver ₹3.86 lakh on January 29th. 3 main reasons for the rise in gold and silver prices: Gold prices could reach ₹1.80 lakh.
According to investment banking firm UBS, gold demand remains strong. Central banks worldwide purchased 863 tonnes of gold in 2025. It is now estimated that this purchase could increase to 950 tonnes in 2026. Additionally, investments in gold ETFs are expected to increase to 825 tonnes. UBS is confident that gold prices will rise further in 2026. According to the report, gold could reach a high of $6,200 per ounce by mid-year. In rupee terms, the price of gold could reach ₹1.80 lakh per 10 grams.
