Silver prices witnessed a sharp surge on Monday, December 29, 2025, pushing the precious metal closer to the Rs 2.5 lakh per kg mark. Alongside silver, gold prices also moved higher, reflecting strong demand and global market cues.
According to the latest data released by the India Bullion and Jewellers Association (IBJA), silver prices rose by more than Rs 15,000 in a single day, while gold rates showed steady gains across major purities.
Silver Price Today in India (999 Purity)
Silver recorded a massive jump today:
Silver (999 purity, per 1 kg) surged by over Rs 15,000
Prices are now nearing the Rs 2.5 lakh per kg level, signaling strong bullish momentum in the bullion market
The sharp rise in silver prices is attributed to global uncertainty, industrial demand, and safe-haven buying, which has intensified investor interest in precious metals.
Gold Price Today: 24K and 22K Rates Rise
Gold prices also edged higher on Monday, December 29, 2025:
24-carat gold (per 10 grams) crossed Rs 1,40,000
22-carat gold increased from Rs 1,26,368 on December 26 to Rs 1,26,555 per 10 grams today
The rise in gold prices reflects continued demand amid global economic concerns and expectations of interest rate adjustments.
IBJA Gold and Silver Rates: Key Details
The gold and silver prices are based on rates released by the India Bullion and Jewellers Association (IBJA).
Important points to note:
IBJA rates are not released on Saturdays, Sundays, and central government holidays
These rates are widely accepted across India
Prices do not include GST or making charges
Final jewelry prices are higher due to taxes and additional charges
IBJA rates indicate standard bullion prices for various purities before taxes.
Why Are Gold and Silver Prices Rising?
Several factors are driving the surge in bullion prices:
Rising global uncertainty
Strong demand for safe-haven assets
Currency volatility
Industrial demand supporting silver prices
Investors are increasingly turning to gold and silver as hedges against inflation and market instability.
Gold-Silver Price Outlook
With silver nearing Rs 2.5 lakh per kg and gold trading above Rs 1.38 lakh per 10 grams, the precious metals market remains highly volatile. Analysts expect prices to stay firm in the near term, supported by global cues and domestic demand.
Indian investors and traders will closely track MCX gold and silver prices, global bullion trends, and currency movements for further direction.
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