Silver becomes ₹20,000 costlier in last 2 days:Prices hit record highs of ₹2.63 lakh per kg; gold too continues to scale to fresh highs

Gold and silver prices have reached an all-time high for the second consecutive day on January 13, 2025. According to the India Bullion and Jewelers Association (IBJA), the price of one kilogram of silver increased by Rs 6,566 to reach Rs 2,62,742. Yesterday it made an all-time high of Rs 2,57,283. Silver has become more expensive by about Rs 20,000 in two days. Meanwhile, the price of 10 grams of 24 carat gold increased by Rs 33 to reach an all-time high of Rs 1,40,482. Yesterday it was Rs 1,40,449 per 10 grams. Why are rates different in different cities? IBJA gold prices do not include 3% GST, making charges, and jewelers’ margin. Therefore, city rates differ from this. RBI uses these rates to determine Sovereign Gold Bond rates. Many banks use it to set gold loan rates. Gold became 75% and silver 167% more expensive in 2025 3 Main Reasons for Gold Rally 3 Main Reasons for Silver Rally Prices May Rise Further in Coming Days Kedia Advisory Director Ajay Kedia says that silver demand is currently strong and is expected to remain so. In such a scenario, silver could reach Rs 2.75 lakh this year. As for gold, its demand also remains strong. At this rate, it could cross Rs 1.50 lakh per 10 grams by the end of this year. 4 Ways to Identify Genuine Silver