Gold, Silver Prices Hit Record Highs; Experts Predict Further Rise
Pune, 30th August 2025: Gold and silver prices surged to record highs this week, continuing their upward trend in the bullion market. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold jumped by Rs 3,030 in a week to settle at Rs 1,02,388. On Friday, August 22, the price stood at Rs 99,358.
Silver too registered a sharp rise, gaining Rs 3,666 in the same period to reach Rs 1,17,572 per kg. On August 22, it was priced at Rs 1,13,906. Both precious metals are now trading at all-time highs.
Steep rise in 2025 so far
Since the beginning of this year, gold has become costlier by Rs 26,226 (34.43%). On December 31, 2024, 10 grams of 24-carat gold was priced at Rs 76,162, compared to the current Rs 1,02,388.
Silver has also shown significant growth, climbing Rs 31,555 (36.68%) during the same period. From Rs 86,017 per kg on December 31, 2024, it has now touched Rs 1,17,572.
Daily momentum continues
On Friday, August 29, gold prices rose by Rs 882, while silver became costlier by Rs 462, marking the second consecutive day of record-high levels.
Gold prices across major cities (per 10 grams)
Pune: 24-carat – Rs 1,04,950; 22-carat – Rs 96,200
Delhi: 24-carat – Rs 1,03,460; 22-carat – Rs 94,850
Mumbai: 24-carat – Rs 1,03,310; 22-carat – Rs 94,700
Kolkata: 24-carat – Rs 1,03,310; 22-carat – Rs 94,700
Chennai: 24-carat – Rs 1,03,310; 22-carat – Rs 94,700
Market outlook: Silver may touch Rs 1.46 lakh per kg
According to market expert Kedia Commodity, silver could reach Rs 1.30 lakh per kg by the end of 2025. Financial platform Moneycontrol projects a possible 34% rise, which may push the price up to Rs 1,46,000 per kg. Citigroup’s forecast places silver between Rs 1,20,000 and Rs 1,30,000 per kg.
Gold too is expected to maintain its bullish run. Ajay Kedia, Director of Kedia Advisory, said global geopolitical tensions and increased demand are supporting gold’s momentum. He estimates that gold could reach Rs 1,04,000 per 10 grams before the end of the year.
Buying tips for consumers
Experts advise buyers to remain cautious while investing in gold:
Buy only certified gold – Ensure it carries the Bureau of Indian Standards (BIS) hallmark. Since April 1, 2025, all gold items must carry a six-digit Hallmark Unique Identification Number (HUID), similar to Aadhaar’s 12-digit code. This ensures authenticity and purity.
Cross-check prices and weight – Verify the day’s rates on trusted sources such as IBJA. Prices differ for 24-carat, 22-carat, and 18-carat gold. While 24-carat is the purest form, jewellery is typically made from 22-carat or lower due to its durability.
With prices at historic highs, market watchers expect bullion to remain a strong investment option in 2025.
