Did Silver Cross Rs 1.64 Lakh Level While Gold Surged Over Rs 2,000 This Week?
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Synopsis
This week, the Indian bullion market experienced remarkable gains, with silver prices skyrocketing to an all-time high of Rs 1.64 lakh per kg and gold prices also witnessing a notable increase. Discover the driving factors behind this surge and what it means for investors.
Key Takeaways
- Silver prices soared to Rs 1.64 lakh per kg.
- Gold prices increased by over Rs 2,000 per 10 grams.
- Investment inflows into silver ETFs reached record highs.
- Geopolitical tensions and festive demand are driving prices.
- Market trends indicate strong momentum for precious metals.
New Delhi, Oct 11 (NationPress) The Indian bullion market experienced a strong bullish trend this week, building on last week's positive momentum. The price of silver saw a significant surge, climbing over Rs 15,000 per kilogram to reach a record high of Rs 1.64 lakh per kg. Meanwhile, gold prices also saw an increase, rising by more than Rs 2,000 per 10 grams during this period.
According to the Indian Bullion and Jewellers Association (IBJA), silver prices jumped by Rs 4,950 on Friday, concluding at Rs 1,64,500 per kg, up from Rs 1,59,550 per kg the previous day. Conversely, the price of 24-carat gold decreased by Rs 1,104, settling at Rs 1,21,525 per 10 grams from its record high of Rs 1,22,629 on Thursday.
Throughout the week, both precious metals experienced notable momentum, with silver prices rising by Rs 15,667 from Rs 1,48,833 per kg on Monday, and 24-carat gold increasing by Rs 2,276 from Rs 1,19,249 per 10 grams at the week's start.
Metal prices remained stable in the domestic futures market as well. The MCX Gold contract for December 5 closed at Rs 1,21,492 per 10 grams on Friday, marking an increase of Rs 999 or 0.83% from the previous day's closing of Rs 1,20,493. Similarly, the silver contract expiring on December 5 finished at Rs 1,46,698 per kg, up Rs 374 or 0.26% compared to the last session's closing of Rs 1,46,324.
In light of modest mining, tight geopolitical conditions, and rising festive demand, India’s silver exchange-traded funds (ETFs) are currently trading at significant premiums over global benchmarks.
Investment inflows into silver products reached record highs globally in H1-2025, adding approximately 95 million ounces—surpassing the total inflows of the entire previous year, as reported by Axis Mutual Fund.
This surge raised total ETF holdings to around 1.13 billion ounces (valued at over $40 billion) by mid-2025, according to a note from Axis Mutual Fund.
Point of View
We always strive to provide accurate and timely insights. This week’s surge in silver and gold prices highlights the dynamic nature of the bullion market, which is influenced by various factors. We advocate for informed decision-making based on market trends and expert analyses.
NationPress
12/10/2025
Frequently Asked Questions
What caused the rise in silver prices?
The increase in silver prices can be attributed to a combination of limited mining, strong festive demand, and geopolitical tensions.
How much did gold prices rise this week?
Gold prices rose by more than Rs 2,000 per 10 grams during the week.
What are ETFs and how are they related to silver?
ETFs, or exchange-traded funds, are investment funds that hold assets like silver. India's silver ETFs are currently trading at significant premiums due to high demand.
What is the current trend in global silver investments?
Global investment inflows into silver products reached record levels in H1-2025, indicating growing interest in this precious metal.
What are the future prospects for silver and gold prices?
While current trends suggest growth, future prices will depend on market conditions, geopolitical developments, and demand-supply dynamics.
