Gold and silver prices continued their upward trend for the third consecutive week, with silver seeing a significant jump. According to the India Bullion and Jewellers Association (IBJA), silver rose by ₹16,970 this week, reaching a record ₹1,95,180 per kilogram on December 12, up from ₹1,78,210 on December 5. Gold also climbed sharply, gaining ₹4,118 to ₹1,32,710 per 10 grams by Friday, December 12, from ₹1,28,592 the previous week, marking its highest level to date. Year-to-date gains for both metals: Check out the gold and silver rates in your city Why Gold Rates Differ Across Cities IBJA gold prices do not include 3% GST, making charges, or jewelers’ margins. That’s why the rates in different cities often vary from these benchmark prices. The RBI uses IBJA rates to set Sovereign Gold Bond prices, and many banks also refer to them when determining gold loan rates. 3 Main Reasons Behind the Gold Rally 3 Main Reasons for Silver’s Rise Silver Could Cross ₹2 Lakh According to Ajay Kedia, Director of Kedia Advisory, ongoing geopolitical tensions are boosting gold demand. Gold could reach ₹1.35 lakh per 10 grams this year, while silver may surpass ₹2 lakh per kilogram. 2 Key Tips for Buying Gold Post navigation Did monopoly in India’s aviation sector trigger the IndiGo crisis?:Experts warn that similar trends in airports, telecom, and refining threaten the economy What to consider before you exit your mutual fund investment:A breakdown of how equity, debt, and hybrid funds are taxed
