The Indian bullion market witnessed a sharp decline in the prices of precious metals today, February 13. According to the data released by the India Bullion and Jewellers Association (IBJA), this marks the second consecutive day of falling rates. Silver prices experienced a massive drop of ₹17,188 today, bringing the cost of one kilogram of silver down to ₹2,41,945. This follows Thursday's closing price of ₹2,59,133 per kg. Over the last two days, the total reduction in silver prices has exceeded ₹24,000, reflecting a significant correction in the market.
Gold prices also trended lower during today's trading session. The price of 24-carat pure gold fell by ₹2,899 to settle at ₹1,52,751 per 10 grams. On Thursday, gold was trading at ₹1,55,650 per 10 grams. This downward movement comes after a period of record highs observed in late January. On January 29, gold had reached an all-time high of ₹1,76,121, while silver had peaked at ₹3,85,933. The current rates indicate a cooling off from those peak levels as per official market reports.
Significant Slump in Silver Prices
According to the India Bullion and Jewellers Association, silver has seen intense volatility within the last 48 hours. On February 11, the price of silver stood at ₹2,66,449 per kg, which has now decreased to ₹2,41,945. This represents a total drop of ₹24,504 per kg in just two days. Today's single-day decline of ₹17,188 is noted as one of the most substantial daily drops of the year. The price movement is being monitored closely by market participants following fluctuations in industrial demand and global cues.
Gold Rates Witness Sharp Decline
The gold market faced selling pressure today, with 24-carat gold priced at ₹1,52,751 per 10 grams, down from the previous session's ₹1,55,650. Other variants of gold also saw a proportional decrease. The rate for 23-carat gold was recorded at ₹1,52,140 per 10 grams, while 22-carat jewelry gold is now priced at ₹1,39,920 per 10 grams. Also, 18-carat gold reached ₹1,14,563, and 14-carat gold settled at ₹89,360 per 10 grams, according to the latest IBJA updates.
Price Trends and Historical Growth in 2025
The year 2025 has been characterized by an extraordinary surge in the prices of precious metals. In the first 44 days of this year, gold prices increased by ₹19,556. On December 31, 2025, 10 grams of 24-carat gold was valued at ₹1,33,195, which remains Importantly lower than the current rate of ₹1,52,751 despite the recent drop. Similarly, silver has appreciated by ₹28,713 so far this year. At the end of December 2025, silver was priced at ₹2,30,420 per kg, compared to today's rate of ₹2,41,945.
Comparison with All-Time High Levels
Current market rates for gold and silver are now substantially lower than their all-time high levels recorded earlier this year. The record high for gold, set on January 29, 2025, at ₹1,76,121, is approximately ₹23,370 higher than today's price. Silver is currently trading about ₹1,43,988 below its peak of ₹3,85,933. Looking back at the overall performance in 2025, gold prices rose by 75% and silver by 167% during the year. For context, on December 31, 2024, gold was at ₹76,162 and silver was at ₹86,017.
Standards of Purity and BIS Hallmarking
To ensure the quality and purity of gold purchases, the Bureau of Indian Standards (BIS) mandates hallmarking. According to official guidelines, consumers are encouraged to purchase only certified gold carrying the BIS hallmark. This includes a unique alphanumeric code known as the Hallmark Unique Identification (HUID), such as AZ4524. This hallmarking system provides transparency regarding the caratage and the exact gold content in the jewelry, serving as a benchmark for authenticity in the bullion market.