Silver hits all-time high, gold rises sharply; why silver is rallying?
PTC Web Desk: Silver surged to a fresh all-time high on January 6, according to data released by the India Bullion and Jewellers Association (IBJA). The price of silver jumped by Rs 7,725 per kg to Rs 2,44,788, compared to the previous rate of Rs 2,37,063 per kg.
Gold prices also moved higher. The rate of 10 gram of 24-carat gold rose by Rs 741 to Rs 1,36,909, up from Rs 1,36,168. Gold had earlier touched its lifetime high of Rs 1,38,161 per 10 grams on December 29, 2025.
In 2025, gold recorded a sharp rise of Rs 57,033, translating to a 75% increase. On December 31, 2024, gold was priced at Rs 76,162 per 10 gram, which climbed to Rs 1,33,195 by December 31, 2025.
Silver outperformed gold during the same period, registering a massive gain of Rs 1,44,403, or 167%. The metal rose from Rs 86,017 per kg at the end of 2024 to Rs 2,30,420 per kg by the end of 2025.
Why silver is rallying
Rising Industrial Demand: Heavy usage in solar energy, electronics and electric vehicles has strengthened silver’s fundamentals beyond jewellery demand.
Tariff Concerns: Fears of higher US tariffs have prompted companies to stockpile silver, tightening global supply.
Pre-emptive Buying by Manufacturers: Concerns over production disruptions have led manufacturers to buy aggressively in advance.
- With inputs from agencies
