Silver reaches all-time high of ₹1.79 lakh per kg:Expert sees more upside in prices; gold rises to ₹1.29 lakh per 10 gm

Silver prices on Wednesday, 3 December 2025, have reached an all-time high level. According to the India Bullion and Jewelers Association (IBJA), the rates have increased by ₹3,504 to reach ₹1,78,684 per kilogram. Previously, the silver price was ₹1,75,180 per kg. Meanwhile, 10 grams of gold has become more expensive by ₹957 to reach ₹1,28,550. Previously, 10 grams of gold was ₹1,27,593. On October 17, gold had made an all-time high of ₹1,30,874. Why are rates different in different cities? IBJA gold prices do not include 3% GST, making charges and jewellers’ margin, therefore rates vary in different cities. Many banks including Punjab National Bank use these prices to determine gold loan rates. Silver price movement in 10 days Note: Weekly holidays were on November 23 and November 29-30. Silver prices are in rupees per kilogram. This year gold became costlier by ₹52,388 and silver by ₹92,667 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. When big banks keep buying, the demand for gold remains in the market and the price goes up. 2. Shift from Crypto to Gold: Crypto is currently experiencing significant fluctuations. As a result, some investors are putting money into gold. Lower returns from the stock market in India during recent times have also made gold attractive. 3. Wedding Season Demand: The demand for gold has also increased with the start of the wedding season. Gold could reach ₹1.35 lakh this year Kedia Advisory’s Director Ajay Kedia says that geopolitical tensions remain. This is providing support to gold. This is increasing the demand for gold. In this scenario, gold could reach ₹1.35 lakh per 10 grams this year. Meanwhile, silver could reach ₹1.85 lakh per kg. ​