Rupee falls to all-time low of 89.79 against US dollar:Gold becomes over ₹2,000 per 10 gm costlier; silver prices up around ₹9,000 per kg

The Rupee fell to its all-time low against the US dollar on December 1 2025). During trading, the Indian currency fell 34 paise to a level of ₹89.79. This surpassed the all-time low (89.66) made two weeks ago. While, gold and silver prices were up on Monday. According to the India Bullion and Jewelers Association (IBJA), 10 grams of gold has become more expensive by ₹2,011 to reach ₹1,28,602. Previously, 10 grams of gold was ₹1,26,591. Meanwhile, silver became more expensive by ₹9,381 to reach ₹1,73,740. Previously, the price of silver was ₹1,64,359 per kilogram. On October 17, gold made an all-time high of ₹1,30,874 and on October 14, silver made an all-time high of ₹1,78,100. Why are rates different in different cities?
IBJA gold prices do not include 3% GST, making charges and jewellers margin, which is why rates vary in different cities. Many banks including Punjab National Bank use these prices to determine gold loan rates. This year gold became costlier by ₹52,440 and silver by ₹87,723 3 major reasons for gold surge 1. Central Banks’ Buying: Major banks worldwide want to reduce dependency on dollar. Therefore, they are continuously increasing the share of gold in their treasury. Effect: When large banks continuously buy, the demand for gold remains strong in the market and prices go up. 2. Shift from Crypto to Gold: Due to volatility in crypto and fear of strict regulations, investors are putting money in gold. Lower returns from the stock market in India recently have also made gold attractive. Additionally, the start of wedding season has increased the demand for gold. Effect: Rising gold demand and increasing investments in Gold ETFs cause prices to rise. 3. Long-term Asset: Gold never becomes completely worthless. It doesn’t get destroyed, exists in limited quantity, and maintains its value during inflation. Effect: Holding gold is mostly beneficial in the long term. Gold can go up to ₹1.35 lakh this year
Kedia Advisory Director Ajay Kedia says that geopolitical tensions remain. This is supporting gold. This is increasing the demand for gold. In such a situation, gold can go up to ₹1.35 lakh per 10 grams this year. Keep these 2 things in mind while buying gold Buy only certified gold: Always buy certified gold with Bureau of Indian Standard (BIS) hallmark. This number can be alphanumeric like AZ4524. Hallmarking indicates how many carats the gold is. Cross-check prices: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat purities. ​