Gold Crosses ₹1.56 Lakh Mark; Silver Jumps by ₹5,000; Here’s What Experts Say About Investing

Gold-Silver Rates: If you are planning to buy gold or silver, today's market trends are highly significant for you. On March 17, prices of precious metals once again registered an upward trend. According to the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold rose by ₹300 to reach ₹1.56 lakh per 10 grams, while silver prices witnessed a massive jump of ₹5,000, bringing the trading price to ₹2.54 lakh per kilogram.

Amidst ongoing tensions in the Middle East and volatility in the global market, experts believe that the upward trajectory observed in precious metal prices this year is likely to continue. Currently, the market is trading slightly below its all-time high,' a level that market observers consider to be an excellent buying opportunity.

What is the Market Status Today?

• According to the latest data from the India Bullion and Jewelers Association (IBJA), prices of precious metals have risen today, March 17.
• Gold: The price of 24-carat gold has increased by ₹300, reaching ₹1.56 lakh (per 10 grams).
• Silver: Silver has gained further luster, rising sharply by ₹5,000 to reach a price of ₹2.54 lakh per kilogram. This Year’s ‘Rocket-Powered’ Rally

If we compare current prices to the last day of the previous year (December 31, 2025), the surge in gold and silver rates has been truly staggering:

• Gold: At the beginning of the year, it stood at ₹1.33 lakh; since then, it has appreciated by ₹23,000.
• Silver: This metal, too, has witnessed a rise of approximately ₹24,000 so far this year.
• A Quick Reminder: On January 29, 2026, gold touched its ‘all-time high’ (peak level) of ₹1.76 lakh, while silver hit ₹3.86 lakh. Current prices are hovering slightly below those peaks, which is driving increased buying activity in the market.

Will Prices Head Up or Down from Here?

• Experts believe that the trajectory of gold and silver in the coming days will hinge on two key factors:
• Middle East Tensions: If the conflict between the U.S. and Iran escalates, investors will flock to gold as a safe-haven asset, potentially driving prices upward once again.
• The U.S. Economy: Conversely, if U.S. economic data comes in strong and the dollar gains strength, it could exert downward pressure on gold prices, causing them to fall.

Expert Opinion: Should You Invest Right Now?

Market experts suggest that after touching record highs, gold is currently in a ‘correction phase’—meaning prices are either stabilizing or undergoing a slight decline.

• Short Term: Momentum appears somewhat subdued at the moment.
• Long Term: For the long term, bullish signals for gold remain intact.
• Recommendation: If you are looking to invest, it may be more advantageous to purchase gold in small increments (using an SIP-style approach) rather than deploying your entire capital at once.