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Gold prices in India see  sharp correction from record highs

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Gold prices in India have experienced a sharp correction from record highs set earlier this week, declining by Rs 1,200 per 10 grams and Rs 12,000 per 100 grams from their December 15 peak. The pullback comes after prices touched all-time highs, with 24-carat gold retreating from Rs 1,35,380 to Rs 1,34,180 per 10 grams. Similarly, 100 grams of 24-carat gold has dropped from Rs 13,53,800 to Rs 13,41,700. Despite the correction, gold remains up 3% for December overall.

Current pricing across different purities shows 22-carat gold at Rs 1,23,000 per 10 grams and 18-carat gold at Rs 1,00,630 per 10 grams. For larger purchases, 100 grams of 22-carat gold is priced at Rs 12,29,000, while 18-carat gold costs Rs 10,06,300 per 100 grams. The market saw particularly sharp declines on December 19, with prices dropping by up to Rs 660 per 10 grams.

Silver has outperformed gold significantly in December, surging over 11% during the month. Current silver rates stand at Rs 2,09,000 per kilogram, which represents a Rs 2,000 decline from the historic high of Rs 2,11,000 reached on December 18. For smaller quantities, 100 grams of silver is priced at Rs 20,900 and 10 grams at Rs 2,090.

On the MCX futures market, gold with February 2026 expiry closed at Rs 1,34,206 per 10 grams on December 19, registering a marginal gain of 0.01%. Silver futures with the same expiry date dropped 0.08% to close at Rs 2,08,699 per kilogram. Market analysts note that gold traded in a narrow range near $4,330 on Comex globally, while domestic prices faced pressure from rupee strength, which offset international bullion firmness.

Looking ahead to the Christmas week, analysts project gold will remain volatile within a range of Rs 1,31,500 to Rs 1,34,000, suggesting prices may consolidate rather than reach new record highs. Market experts attribute the current price stability to safe-haven demand and volatile global markets, with strong buyer confidence despite elevated levels. However, some consolidation around recent gains is expected.

Silver’s outlook remains positive after decisively breaking above the Rs 2 lakh mark, which demonstrates the strength of the current rally. While profit-taking may occur at these elevated levels, market sentiment continues to support prices. Analysts expect some volatility as markets adjust to the breakout, though the overall trajectory remains constructive. The holiday-shortened trading week coincides with wedding season, which typically drives higher demand for gold and silver jewelry across India.

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Celebrate Prosperity In Style – Akshaya Tritiya 2026 Gifting Guide By TrueSilver

Modern Silver Jewellery Takes Centre Stage This Akshaya Tritiya, Blending Everyday Elegance with Meaningful Gifting and Accessible Luxury

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Akshaya Tritiya has long been synonymous with gold, symbolizing prosperity, abundance, and new beginnings. But in 2026, the narrative is evolving. As consumers look for more versatile, wearable, and accessible investments, silver is emerging as the new gold, bringing together value, style, and everyday relevance.

Today’s festive shopper is choosing pieces that don’t just sit in lockers but become part of daily expression. From silver rings for women and silver rings for men to silver bracelets for men styles and silver bracelets for women, as well as silver chains for women and silver chains for men, and silver anklets for women, sterling silver jewellery is redefining how India celebrates auspicious occasions.

TrueSilver captures this shift with thoughtfully designed pieces across categories, making it easier to find something meaningful, modern, and wearable this Akshaya Tritiya.

Silver Whimsy Filigree Charm Paperclip Chain Bracelet

Blending delicate detailing with a contemporary paperclip chain, this bracelet offers a fresh take on festive jewellery. Crafted in 925 sterling silver, it reflects both elegance and versatility. A refined silver bracelet for women, it’s an ideal Akshaya Tritiya pick, symbolizing prosperity while being light enough for everyday wear.

Lyria U Hoops

Minimal yet impactful, the Lyria U Hoops are designed for effortless styling. Their clean silhouette makes them a staple in any modern silver jewellery collection. Whether paired with silver chains for women or stacked silver rings, they transition seamlessly across occasions, making them a thoughtful gifting choice for someone who appreciates understated design.

Layered Sea-Shell Star Beaded Anklets

Bringing together playful elements and fine detailing, these anklets add movement and character to festive styling. Crafted in sterling silver, the layered design stands out without being overpowering. A unique take on silver anklets for women and anklets for women silver, this piece works beautifully for Akshaya Tritiya, adding a contemporary twist to traditional jewellery choices.

Celestia Dainty Silver Eternity Band

Timeless in its appeal, the Celestia eternity band symbolizes continuity, making it especially relevant for an occasion rooted in long-term prosperity. A classic among silver rings for women, it also aligns with the growing popularity of ring silver womens styles that are minimal, elegant, and designed for everyday wear.

Diamond Cut Curb Chain Bracelet for Men(4.5 mm)

Bold and structured, this diamond-cut curb chain bracelet for men offers a more statement-led take on sterling silver jewellery. Its clean, defined links add a modern edge, making it suitable for those who prefer stronger silhouettes. It stands out on its own or layered with other pieces, offering versatility across both casual and occasion wear.

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