Silver rates cross ₹1.62 lakh mark for 1st time:Experts say industrial demand driving prices; gold becomes cheaper by ₹1,784 per 10 gm

Silver prices on October 10, 2025 reached an all-time high of ₹1.62 lakh for the first time. According to experts, silver rates are seeing an increase for the fifth day due to rising industrial demand. According to the India Bullion and Jewellers Association (IBJA), the white metal has increased by ₹2,593 to reach ₹1,62,143 per kilogram. Previously on Thursday, it was at ₹1,59,550 per kg. Meanwhile, gold prices are seeing a decline today after four consecutive days of increase. 10 grams of 24 carat gold has fallen by ₹1,784 to reach ₹1,20,845. Previously, it was at ₹1,22,629, which was gold’s all-time high price. This year gold becomes costlier by ₹44,683 and silver by ₹76,126 This year so far, gold prices have increased by ₹44,683. On December 31, 2024, 10 grams of 24 carat gold was at ₹76,162, which has now risen to ₹1,20,845. Silver prices have also increased by ₹76,126 during this period. On December 31, 2024, one kilogram of silver was priced at ₹86,017, which has now reached ₹1,62,143 per kilogram. Gold could reach ₹1.55 lakh According to a recent Goldman Sachs report, the bank has set a target of $5,000 per ounce for gold by next year. At current exchange rates, this would be approximately ₹1,55,000 per 10 gm. Sandeep Raichura, director of brokerage firm PL Capital, said that gold could go up to ₹1,44,000 per 10 gm. Three major reasons that led to the surge in gold Silver price is increasing due to 4 reasons Not the right time to invest in gold! According to Kedia Advisory Director Ajay Kedia, gold has already increased by about 60% this year, so there is less expectation of upward movement in the short term. People may book profits. However, investment for the long term could be beneficial. Keep these 2 things in mind while buying gold 1. Buy Certified Gold Only: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. Under the new rule, from April 1st, gold cannot be sold without six-digit alphanumeric hallmarking. Just like Aadhaar card has a 12-digit code, gold will have a 6-digit hallmark code. This is called Hallmark Unique Identification Number or HUID. This alphanumeric number could be something like AZ4524. Through hallmarking, it has become possible to determine how many carats a gold piece is. 2. Cross-check Prices: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like India Bullion and Jewellers Association website). Gold rates vary for 24 carat, 22 carat and 18 carat. 24 carat gold is considered the purest form of gold, but jewelry cannot be made from it because it is too soft. Generally, 22 carat or lower carat gold is used for making jewelry.