Gold and silver prices surge this week:Gold hits ₹1.37 lakh per 10 grams and silver rises to ₹2.42 lakh per kg; know gold rates by carat

Gold and silver prices saw an upward trend this week. Gold gained ₹2,340, reaching ₹1,37,122 per 10 grams, up from ₹1,34,782 on Friday, January 2. Meanwhile, silver became costlier by ₹8,258, rising from ₹2,34,550 per kg to ₹2,42,808.

Gold and Silver Surge in 2025 In 2025, gold and silver witnessed significant price jumps: Gold rose by ₹57,033, a 75% increase. On December 31, 2024, 10 grams of 24-carat gold was priced at ₹76,162, climbing to ₹1,33,195 by December 31, 2025. Silver surged by ₹1,44,403, a 167% increase. On December 31, 2024, 1 kg of silver was ₹86,017, rising to ₹2,30,420 by year-end 2025. 3 Key Reasons for Gold’s Rally Weakening Dollar – Falling US interest rates weakened the dollar, reducing gold holding costs and boosting buying. Geopolitical Tensions – Conflicts like the Russia-Ukraine war have made investors view gold as a safe haven. Central Bank Purchases – Countries such as China are stockpiling gold, adding over 900 tons annually, driving prices higher. 3 Key Reasons for Silver’s Rise Industrial Demand – Silver’s use in solar panels, electronics, and EVs has made it a crucial industrial metal, not just jewelry. Tariff Concerns in the US – American companies are stockpiling silver due to fears of tariffs, tightening global supply. Manufacturers’ Stockpiling – Companies are buying in advance to avoid production disruptions, sustaining the upward trend. Future Outlook Ajay Kedia, Director of Kedia Advisory, predicts continued strong demand for both metals: Silver could reach ₹2.75 lakh per kg this year. Gold may surpass ₹1.50 lakh per 10 grams by year-end. Tips for Buying Gold Buy Certified Gold – Always choose BIS-certified gold, with hallmarks like AZ4524 indicating purity and carats. Cross-Check Prices – Verify the weight and current rates from multiple sources (e.g., India Bullion and Jewellers Association). Rates vary by purity: