Silver crosses ₹2 lakh/kg for first time this week:Silver is up 133% this year: Gold falls ₹931/10 gm in last 7 days after three-week rally

Silver prices rose by ₹4,887 this week, crossing the ₹2 lakh per kg mark for the first time, with prices up 133% so far this year. Gold, meanwhile, became cheaper by ₹931 over the week. According to the India Bullion and Jewellers Association (IBJA), silver was priced at ₹1,95,180 per kg on December 12 and climbed to ₹2,00,067 per kg within a week. During the week, silver hit an all-time high of ₹2,01,250 on December 18, before closing slightly lower at ₹2,01,120. Gold prices, after rising for three consecutive weeks, declined this week. IBJA data shows gold was priced at ₹1,32,710 per 10 grams on December 12 and fell to ₹1,31,779 by December 19, a drop of ₹931. However, gold touched its record high of ₹1,33,249 on December 15. This year, gold has risen by ₹55,617 and silver by ₹1,14,050 So far this year, the price of 24-carat gold has increased by ₹55,617 (73.02%), rising from ₹76,162 per 10 grams on December 31, 2024 to ₹1,31,779. Silver has seen an even sharper rise, gaining ₹1,14,050 (132.59%) over the same period, climbing from ₹86,017 per kg to ₹2,00,067 per kg. Check the latest gold and silver prices in your city. Why do gold rates vary across cities? IBJA gold prices do not include 3% GST, making charges, or jewellers’ margins. This is why city-wise prices differ from IBJA rates. The RBI uses these prices to fix Sovereign Gold Bond rates, and many banks also rely on them to determine gold loan rates. Three main reasons behind the gold rally: Three key reasons for the rise in silver prices: Two things to keep in mind while buying gold: ​