Silver hits record ₹1.79 lakh/kg on India-Russia trade hopes:Know gold prices in major cities and silver price trend over the last 10 days

Silver prices touched a new all-time high of ₹1,79,025 per kg on December 5, rising ₹2,400 from the previous close of ₹1,76,625, according to the India Bullion and Jewellers Association (IBJA). Gold also saw an uptick. The price of 10 grams of 24-carat gold increased by ₹733 to ₹1,28,578, up from ₹1,27,845. Gold’s highest-ever level remains ₹1,30,874, recorded on October 17. Why Gold Prices Differ Across Cities? IBJA rates exclude 3% GST, making charges, and jeweller margins, causing price variations across cities. Several banks, including PNB, use IBJA prices to determine gold loan values. Silver Price Trend Over the Last 10 Days (per kg) Note: Prices were not updated on 23, 29 and 30 November due to holidays. Gold and Silver Gains So Far This Year What’s Driving Gold Prices Up? Gold Could Touch ₹1.35 Lakh This Year Ajay Kedia, Director of Kedia Advisory, said ongoing geopolitical tensions are supporting gold prices. Rising demand may push gold to ₹1,35,000 per 10 grams before year-end.