Silver hits all-time high today:Jumps ₹900 to ₹1.79 lakh/kg; gold also rises to ₹1,28,691 per 10 grams

Silver prices touched a historic high today, December 8. According to the India Bullion and Jewellers Association (IBJA), silver became ₹900 costlier and is now selling at ₹1,79,110 per kg, up from ₹1,78,210. Gold prices are on the rise too. Ten grams of 24-carat gold increased by ₹99, reaching ₹1,28,691. In the past week alone, gold has gained ₹2,001, while silver has jumped a massive ₹13,851. Gold last hit its all-time high of ₹1,30,874 on October 17. Why Gold Prices Differ Across Cities IBJA’s rates don’t include 3% GST, making charges, or jewellers’ margins—so final prices vary from city to city. Many banks also use these rates to set gold loan values. Why Gold Prices Are Rising — 3 Big Reasons 1. Central Banks Are Buying More Gold
Countries want to reduce dependence on the US dollar and are boosting their gold reserves.
Effect: Higher demand = higher prices. 2. Investors Moving from Crypto to Gold
Crypto volatility, stricter regulations, weak stock market returns, and wedding season demand are pushing money into gold.
Effect: Gold ETFs and physical gold demand rise sharply. 3. Gold Is a Trusted Long-Term Asset
It doesn’t lose value, doesn’t wear out, and supply is limited.
Effect: Gold stays valuable during inflation and uncertainty. Gold Silver Price Rise This Year How High Can Gold Go? Ajay Kedia, Director of Kedia Advisory, says ongoing geopolitical tensions are supporting gold prices. He predicts gold may reach ₹1,35,000 per 10 grams this year. Buying Gold? Keep These 2 Tips in Mind ​