Mumbai, December 1. Gold and silver witnessed a stormy surge on Monday, with gold prices rising above Rs 1.28 lakh per 10 grams and silver crossing Rs 1.75 lakh per kilogram.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold per 10 grams increased by Rs 2,209 to reach Rs 1,28,800, which was earlier Rs 1,26,591 per 10 grams.
Similarly, 22-carat gold prices rose to Rs 1,17,981 per 10 grams, which was earlier Rs 1,15,957 per 10 grams. The price of 18-carat gold increased from Rs 94,943 per 10 grams to Rs 96,600 per 10 grams.
Silver prices saw a sharper surge compared to gold. In the past 24 hours, silver prices jumped by Rs 10,821 to reach Rs 1,75,180 per kilogram, which was earlier Rs 1,64,359 per kilogram.
Satish Dondapati, Fund Manager at Kotak Mutual Fund, said that silver prices reaching all-time highs is due to reduced supply globally. Silver is being extensively used in sectors like electronics, solar panels, and automotive. Additionally, demand from an investment perspective is continuously increasing. All these factors have created pressure on supply.
The futures market is also witnessing bullishness in both gold and silver. Gold’s February 5, 2026 contract price increased by 1.06 percent to Rs 1,30,874. Silver’s March 5, 2026 contract price rose by 1.84 percent to Rs 1,78,200.
Gold and silver prices in international markets are at all-time highs. At the time of writing, gold prices had increased by 0.62 percent to $4,281 per ounce and silver prices had risen by 0.75 percent to $57.57 per ounce.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
