On February 23, 2026, there was a significant surge in gold and silver prices according to the India Bullion and Jewellers Association (IBJA). The price for 22-carat gold rose from ₹142,040 to ₹145,120 per 10 grams as of today, indicating an upward trend in the market. Silver prices saw an even larger increase, with 1 kilogram of silver reaching ₹265,550 from ₹250,314, marking a jump of ₹15,236.

It is important to note that the prices declared by the IBJA are not updated on weekends and holidays declared by the central government. This lack of daily updates can contribute to fluctuations in consumer sentiment and buying behavior in the gold and silver markets, especially during peak buying seasons or events when purchases typically increase.

The impacts of this rise in prices can be considerable for the retail and investment sectors in India, where gold and silver hold cultural significance as well as serve as important investment assets. Higher prices may alter buying patterns among consumers and could also influence the overall economy as the jewelry sector contributes significantly to India’s GDP. Potential investors may need to reassess their strategies given the current volatility in pricing.