Gold and silver prices hit all-time highs for fifth consecutive day: Gold crosses Rs 1.38 lakh, silver touches Rs 2.43 lakh per kg

So far this year, the price of gold has increased by Rs 61,999.

New Delhi: Gold and silver prices are at all-time highs for the fifth consecutive trading day today, December 29. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of gold increased by Rs 205 to Rs 1,38,161 from Rs 1,37,956 per 10 grams.

Meanwhile, silver has become Rs 15,376 more expensive, reaching Rs 2,43,483 per kg from Rs 2,28,107 per kg. In 2025, gold has become Rs 61,999 more expensive and silver Rs 1,57,466 more expensive.

Why Are Rates Different In Different Cities?

India Bullion and Jewellers Association’s (IBJA’s) gold prices do not include 3% GST, making charges, and the jeweller’s margin. Therefore, the rates vary in different cities. These rates are used by the RBI to determine the rates for Sovereign Gold Bonds. Many banks use it to determine gold loan rates.

Relative Comparison Between December 31, 2024 And 2025

So far this year, the price of gold has increased by Rs 61,999. On December 31, 2024, 10 grams of 24-carat gold was priced at Rs 76,162, which has now become Rs 1,38,161.

The price of silver has also increased by Rs 1,57,466 during this period. On December 31, 2024, the price of one kg of silver was Rs 86,017, which has now become Rs 2,43,483 per kg.

Why Has Gold Price Surged?

The gold price has surged due to a weak dollar. The weakening of the dollar due to the reduction in US interest rates reduced the holding cost of gold, leading to increased buying.

Also, due to the Russia-Ukraine war and rising global tensions, investors are buying gold, considering it the safest investment. Countries like China are stocking up on gold in their central banks, buying more than 900 tons in a year, which is driving up prices.

Why Has Silver Price Surged?

With heavy use in solar, electronics, and EVs, silver is no longer used just for jewellery; it has become an essential raw material for industrial use. Also responsible are Trump’s Tariff Fears due to which US companies are accumulating large stocks of silver, and the resulting shortage in global supply has pushed prices up.

Fearing production disruptions, everyone is buying in advance, which is why the upward trend will continue in the coming months.