Gold and silver ascend to new peaks:Silver jumps ₹14,475 in a day to ₹2,57,283 per kg; gold up ₹2,883 to ₹1.40 lakh per 10 gms

Gold and silver prices touched all-time highs on January 12, 2025, driven by strong global demand and market uncertainty. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹2,883 in a single day to ₹1,40,005 per 10 grams, compared to ₹1,37,122 per 10 grams on January 11. The previous record for gold was ₹1,38,161 per 10 grams on December 29, 2024. Silver witnessed an even sharper rise. The price of silver surged by ₹14,475 per kg, reaching a new lifetime high of ₹2,57,283 per kilogram, up from ₹2,42,808 per kg a day earlier. Earlier, silver had peaked at ₹2,48,000 per kg on January 7. Why Gold Prices Differ Across Cities IBJA prices do not include 3% GST, making charges, or jewellers’ margins, which leads to variation across cities. The RBI uses IBJA rates for Sovereign Gold Bonds, and banks rely on them to set gold loan rates. Gold Up 75%, Silver Soars 167% in 2025 Top 3 Reasons Behind Gold’s Rally Top 3 Reasons Behind Silver’s Surge Prices May Rise Further According to Ajay Kedia, Director, Kedia Advisory, silver demand remains strong and prices could touch ₹2.75 lakh per kg this year. Gold may also cross ₹1.50 lakh per 10 grams by year-end. 4 Easy Ways to Identify Genuine Silver