Anshu Dixit, Lucknow. The rising prices of gold and silver in the capital Lucknow have left the customers in confusion in the market. Customers are not able to understand how many grams of jewelery they get made for their daughters at weddings. Because even the lightest gold is reaching seven to eight lakhs. The toe rings and anklets which used to be available for a few thousand, have now reached the price of lakhs of rupees due to increase in weight.
Even after this, people are reaching jewelers to give gifts to their loved ones and asking whether the prices of gold and silver will fall? Bullion traders are not making any claims on this. Traders argue that take it now, by February 2026, gold can remain at Rs 1.5 lakh per ten grams and can even go above that.
Now, even if gold falls from Rs 1,000 to Rs 500 per ten grams, it will not come back to Rs 1.25 lakh. Yes, silver may definitely reduce by five to ten thousand rupees from Rs. 2.36 lakh per kg, but there is no possibility of it reducing even now. Because now the investors are most interested in these two metals and the increase in the prices of these two metals is considered certain.
Anurag Rastogi, North Head of Indian Bullion Jewelers Association, says that gold is at its highest level. Customers should continue investing and purchasing gold. Make sure to invest according to your budget, because gold is going to set a new record in the coming few years.
Rastogi says that the price of gold was estimated to be Rs 1.5 lakh by December 2026, but on Friday evening itself, gold reached Rs 1,42,300 per ten grams. Gold prices are increasing every day by Rs 500 to 1500. Now jewelers are also confused about the prices of gold till December 2026. Some say that it will be around one and a half to two and a quarter lakh rupees per ten grams, while some experts are estimating it to be around two lakh rupees. Provided that the pace of increase in gold remains the same. This is how the prices increased. The price of silver was around Rs 89 thousand per kg on 31 December 2024. There was an increase of 163 percent in silver. Every two months, silver made a big reversal and gave better returns. North Head of Ibaja says that gold has increased by more than 63 thousand rupees. This jump is around 79 percent in one year. What is the reason for increasing prices of gold and silver? In an environment of global instability along with economic uncertainty and the war between Russia and Ukraine, investors withdraw money from risky investments like the stock market and invest it in gold and silver, due to which the demand for both metals increases. Due to weak dollar, gold is bought in dollars; When the dollar weakens, gold becomes cheaper for investors with other currencies. This increases demand and prices rise. Low interest rates are also a reason, in this, when the central bank reduces the interest rates, then investments like bonds become less attractive and the trend of investing in gold increases. The demand for silver has increased a lot in electronics, green technology (like solar panels) and electric vehicles. This is also the reason for increasing prices. , Demand for festivals and marriages is also a reason.