Prices for gold and silver are showing constant fluctuations. Although current prices for precious metals are significantly below the January 2026 peak, a sudden surge in activity was observed on Friday evening.
At the end of the trading day on Friday, there was a significant increase in silver prices on both the domestic and futures markets (MCX). The price of silver rose by 3000 rupees, reaching 2.37 lakh rupees per kilogram. During the day, the price fell to 2.30 lakh rupees, meaning that by the end of Friday, the price rose by approximately 7000 rupees above the daily low. This growth is presumed to be driven by a sharp increase in demand.
Experts point out that in addition to investment attractiveness, the rise in silver prices is supported by high industrial demand from the solar panel, electronics, and automotive sectors.
The price of gold also increased to 1.53 lakh rupees per 10 grams, although during trading it dropped to 1,50,600 rupees per 10 grams. Meanwhile, in January of this year, the price of gold reached 1.91 lakh rupees per 10 grams.
Recently, a statement by the renowned international investor and chairman of Electrum Group, Thomas Kaplan, attracted attention. Kaplan predicts that in the long term, gold prices could reach the level of 15 lakh rupees per 10 grams, although he did not specify a timeframe. At the current price of 1.53 lakh rupees per 10 grams, realizing Kaplan's forecast could lead to a tenfold increase in gold.
He believes that despite the current pressure on gold, long-term price growth is possible due to growing global geopolitical tensions, consistent gold purchases by central banks, and overall global economic uncertainty.
Market analysts believe that both gold and silver are experiencing a period of high volatility. Silver is rising due to its industrial utility and sudden domestic demand, while gold is supported by global economic instability. Investors are advised to avoid large lump-sum purchases during such periods of sharp fluctuation and instead make gradual acquisitions.