Silver skyrockets to ₹1.86 lakh per kg, new all-time high:Silver prices up ₹1 lakh this year, gold at ₹1.28 lakh per 10 grams

Silver Hits All-Time High at ₹1.86 Lakh/kg; Price Up ₹1 Lakh This Year — Gold at ₹1.28 Lakh per 10g Silver prices surged to a new all-time high on December 10, touching ₹1,86,350 per kilogram, according to the India Bullion and Jewellers Association (IBJA). This is an increase of ₹7,457 from yesterday’s price of ₹1,78,893. Since the beginning of the year, silver has become ₹1,00,333 costlier. Gold also saw a slight uptick, rising ₹116 to ₹1,28,090 per 10 grams. Earlier, gold hit its lifetime high of ₹1,30,874 on October 17. Why Gold Prices Differ Across Cities? IBJA prices exclude 3% GST, making charges, and jewellers’ margins. These factors vary city-to-city, leading to differences in retail prices. Several banks, including PNB, also use IBJA prices to calculate gold loan rates. 3 Key Reasons Behind the Gold Rally 1. Heavy Central Bank Buying Global central banks are reducing dependence on the US dollar and increasing gold holdings.
Effect: Strong and consistent demand keeps gold prices rising. 2. Shift from Crypto Stocks to Gold Crypto volatility and regulatory fears have pushed investors toward gold. Slow stock market returns and the wedding season have also boosted demand.
Effect: Higher demand and increased Gold ETF inflows raise prices. 3. Gold as a Long-Term Safe Asset Gold never becomes worthless, has limited supply, and preserves value during inflation.
Effect: Long-term holding generally yields positive returns. Price Surge in 2025: Gold Up ₹51,928, Silver Up ₹1,00,333 Gold: Silver: Price Outlook: Gold May Hit ₹1.35 Lakh; Silver ₹2 Lakh/kg According to Ajay Kedia, Director of Kedia Advisory, ongoing geopolitical tensions are supporting gold demand. Buying Gold? Keep These 2 Things in Mind 1. Buy Only BIS-Certified Gold Look for the BIS hallmark, typically an alphanumeric code (e.g., AZ4524), which indicates purity. 2. Cross-Check Prices Verify the gold rate and weight on the day of purchase through trusted sources like IBJA. Prices differ for 24k, 22k, and 18k gold. ​