Silver Soars Over ₹15,000 Per Kilogram To End At All-Time High Of ₹1.64 Lakh Per Kg, Gold Rises ₹2,000 Per 10 Grams

New Delhi: The Indian bullion market remained bullish this week, continuing the past week's momentum. The silver price witnessed a strong rally, soaring over Rs 15,000 per kilogram to end at an all-time high of Rs 1.64 lakh per kg. Gold also saw a moderate uptick, rising more than Rs 2,000 per 10 grams during the period.

According to the Indian Bullion And Jewellers Association (IBJA), silver price surged by Rs 4,950 on Friday to end at Rs 1,64,500 per kg, from the previous day's price of Rs 1,59,550 per kg. In contrast, the 24-carat gold rate fell Rs 1,104 to Rs 1,21,525 per 10 grams from its all-time high of Rs 1,22,629 on Thursday.

India’s Silver Exchange‑Traded Funds Trading At Steep Premiums Over International Benchmarks, Amidst Surging Festive Demand

Meanwhile, both the precious metals have witnessed a decent momentum this week, with the silver price surging by Rs 15,667 from Rs 1,48,833 per kg on Monday, while the 24-carat gold price increased by Rs 2,276 from Rs 1,19,249 per 10 grams on the opening day of the week. The metal prices remained firm in the domestic futures market as well. The MCX Gold, December 5 expiry, closed at 1,21,492 per 10 grams on Friday, up Rs 999 or 0.83 per cent as compared to the previous day's closing of Rs 1,20,493.

Similarly, silver contract expiring on December 5 ended at Rs 1,46,698 per kg, up Rs 374 or 0.26 per cent against last session's closing of Rs 1,46,324. Amid the modest mining, tight geopolitical conditions and surging festive demand, India’s silver exchange‑traded funds (ETFs) are trading at steep premiums over international benchmarks.

Investment inflows into silver products hit record levels globally in H1‑2025, adding about 95 million ounces – exceeding the total inflows of the entire previous year, a report from Axis Mutual Fund said. Further, it pushed total ETF holdings to roughly 1.13 billion ounces (worth over $40 billion) by mid-2025, according to a note by Axis Mutual Fund.

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