Gold and silver prices at all-time high on Thursday:Gold hits ₹1.23 lakh per 10 gms, up for 4th straight day, silver touches record ₹1.54 lakh per kg

Gold and silver prices surged to new record highs on October 9. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹472 to ₹1,22,570 per 10 grams, up from ₹1,22,098 the previous day. With this, gold has become costlier by ₹46,408 so far this year. Silver prices also climbed ₹1,400 to an all-time high of ₹1,54,100 per kg, compared with ₹1,52,700 on Tuesday. Gold up ₹46,408 so far this year; silver gains ₹66,683 — experts see more upside ahead Gold and silver prices have seen a sharp rise since the beginning of the year. As of October 9, 10 grams of 24-carat gold cost ₹1,22,570, up ₹46,408 from ₹76,162 on December 31, 2024. During the same period, silver prices jumped ₹66,683 per kg — from ₹86,017 at the end of last year to ₹1,52,700 now. According to a recent Goldman Sachs report, gold prices could reach $5,000 per ounce next year, equivalent to about ₹1,55,000 per 10 grams at current exchange rates. PL Capital Director Sandeep Raichura also expects gold to rise further, possibly touching ₹1,44,000 per 10 grams. What buyers should keep in mind Experts advise buyers to check two key things before purchasing gold: