Silver gains ₹13,851 in a week with gold rising too:Gold delivered 69% return this year, silver surged 107%

Gold and silver prices increased for the second consecutive week. According to the India Bullion and Jewellers Association (IBJA), gold rose from ₹1,26,591 per 10 grams on November 28 to ₹1,28,592 on December 5, marking an increase of ₹2,001. Gold had earlier touched its yearly high of ₹1,30,874 per 10 grams on October 17. Silver also registered a sharp rise this week. On November 28, the price of 1 kg silver was ₹1,64,359, which increased by ₹13,851 to reach ₹1,78,210 on December 5—its highest level yet. Yearly Price Rise: Gold Up ₹52,430, Silver Up ₹92,193 Three Major Reasons for the Surge in Gold Prices 1. Central Bank Buying Central banks across the world are reducing reliance on the US dollar and increasing their gold reserves. Effect: Higher institutional demand keeps prices elevated. 2. Investors Shifting from Crypto to Gold Crypto volatility and regulatory fears are pushing investors toward gold. Weak stock market returns and the start of the wedding season have further boosted demand. Effect: Rising demand and increased flow into Gold ETFs drive up prices. 3. Gold as a Long-term Asset Gold never becomes worthless, cannot be destroyed, and exists in limited supply.Effect: Its long-term stability keeps investor interest strong. Important Things to Remember When Buying Gold 1. Buy Only Hallmarked Gold Ensure the gold is BIS-certified. The hallmark includes an alphanumeric code like AZ4524, indicating purity and verification. 2. Cross-check Prices Verify the day’s gold rate and weight carefully. Prices differ by carat. ​