The rising prices of gold and silver have broken all records and created a new all-time high. Before Karva Chauth, on Wednesday, October 8, gold price reached a high of Rs 1,22,098, while silver also broke the level of Rs 1.5 lakh per kg and made an all-time high.
Gold-Silver Price At All Time High: Just before Karva Chauth, gold and silver prices have broken all records. According to India Bullion and Jewelers Association (IBJA), on October 8, while silver crossed the important level of Rs 1.5 lakh, the price of gold also reached an all-time high of Rs 1,22,098. While the investors who have invested in gold and silver are happy after seeing the record rise in prices, there is disappointment among the people who were waiting for them to become cheaper.
Silver crossed Rs 1.52 lakh
According to IBJA, on Wednesday the price of silver reached Rs 1,52,700 per kg. Earlier i.e. on Tuesday its price was Rs 1,48,441. That means silver has become costlier by Rs 4259 in a single day.
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Gold became costlier by Rs 2157 in a single day
Gold prices made their new all-time high on Wednesday, October 8. According to IBJA, 24 carat pure gold reached Rs 1,22,098, which was Rs 1,19,941 on Tuesday, October 7. That means gold became costlier by Rs 2157 in a single day. Currently, 18 carat gold reached Rs 91,574 while 22 carat gold reached Rs 1,11,842 per 10 grams.
How much did gold become expensive in 9 months?
There has been a tremendous rise in gold prices so far in 2025. On December 31, 2024, the price of gold was Rs 76,162, which has now increased to Rs 1,22,098. That means gold has become costlier by Rs 45,936 in the last 9 months. Let us tell you that in 2024, gold had become expensive by 21%.
How expensive has silver become so far in 2025?
Talking about silver, its price has increased by Rs 66,683 so far in 2025. On December 31, 2024, silver was Rs 86,017 per kg. Now it has become Rs 1,52,700. The price of silver had increased by 17% in 2024.
How far can gold prices reach?
Experts believe that the ongoing rise in gold prices does not seem to be stopping at the moment. The biggest reason for this is the increasing international demand for gold. All the central banks around the world are purchasing gold. Apart from this, due to geopolitical tension, gold is considered the safest investment. The weakness of the US dollar and increasing demand for gold and silver in electronics-solar panel industries are also responsible for increasing its prices. According to a report by Goldman Sachs, gold may reach $ 5000 per ounce at the international level by next year. That means if we compare according to the exchange rate, it is Rs 1.55 lakh per 10 grams.
See also: Gold and silver broke all records: Is it right to buy now or wait?