Patna: Silver prices in India surged for the fifth straight week, rising Rs. 27,771 per kilogram to reach Rs. 2,28,107 on December 26, according to data from the India Bullion and Jewellers Association (IBJA). On Friday alone, prices closed Rs. 9,124 higher, marking a new all-time high.
Gold continued its upward trajectory as well. Ten grams of 24-carat gold climbed to Rs.1,37,956 — an increase of Rs. 6,177 in a week and the highest price recorded to date.
A Record-Breaking Year
The surge marks a dramatic escalation in 2025:
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Silver has risen by Rs.1,42,090 (165%) since December 2024.
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Gold has gained Rs.61,794 (81%) in the same period.
The IBJA figures exclude GST, making charges and jewellers’ margins, meaning retail prices differ across cities. These rates are used by the Reserve Bank of India to set Sovereign Gold Bond pricing and influence gold loan benchmarks.
Why Prices Are Climbing
Analysts cite three major factors behind gold’s rise:
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A weaker US dollar after interest rate cuts.
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Geopolitical instability, including the Russia-Ukraine conflict.
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Central banks — particularly China — are expanding gold reserves.
Silver’s rally is being driven by:
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Heavy industrial demand from solar, electronics, and electric vehicles.
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Fears of new US tariffs are prompting American manufacturers to stockpile.
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Supply concerns are pushing manufacturers to advance purchases.
Ajay Kedia of Kedia Advisory expects the trend to continue, predicting silver could reach Rs. 2.75 lakh/kg in 2026, while gold may cross Rs.1.50 lakh per 10g next year.
If you’re buying gold
Experts recommend:
Purchasing only BIS-hallmarked gold with certification.
Checking rates from multiple verified sources before buying.
