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- Gold Price Today (1 December 2025); What is the price of gold and silver today? Business News
New Delhi33 minutes ago
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There is a rise in the prices of gold and silver today i.e. on 1st December. According to India Bullion and Jewelers Association (IBJA), 10 grams of gold has become costlier by Rs 2,011 and reached Rs 1,28,602. Earlier, 10 grams of gold was worth Rs 1,26,591.
At the same time, silver became costlier by Rs 9,381 and reached Rs 1,73,740. Earlier the price of silver was Rs 1,64,359 per kg. On October 17, gold had made an all-time high of Rs 1,30,874 and on October 14, silver had made an all-time high of Rs 1,78,100.
Why are rates different in different cities? IBJA gold prices do not include 3% GST, making charges and jewelers margin, hence rates vary from city to city. Many banks including Punjab National Bank use these prices to decide gold loan rates.
This year gold became costlier by ₹ 52,440 and silver by ₹ 87,723
- So far this year, the price of gold has increased by Rs 52,440. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,28,602.
- The price of silver has also increased by Rs 87,723 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,73,740 per kg.
3 big reasons due to which gold rises
1. Central Banks Purchasing: Big banks around the world want to reduce their dependence on the dollar. Therefore, they are continuously increasing the share of gold in their treasury.
Effect: When big banks buy continuously, the demand for gold remains in the market and the price goes up.
2. The move from crypto to gold: Due to crypto fluctuations and fear of strict regulations, investors are investing money in gold. During the recent past, low returns from the stock market in India also made gold attractive. Apart from this, the demand for gold has also increased with the beginning of the wedding season.
Effect: Prices rise due to increase in demand for gold and increasing investment in gold ETFs.
3. Long-Term Asset: Gold is never completely worthless. It does not perish, is in limited quantity and saves its value in times of inflation.
Effect: Keeping gold is mostly beneficial in the long run.
Gold can go up to ₹ 1 lakh 35 thousand this year Ajay Kedia, director of Kedia Advisory, says that geopolitical tension remains. Gold is getting support from this. Due to this the demand for gold is increasing. In such a situation, this year gold can go up to Rs 1 lakh 35 thousand per 10 grams.
Keep these 2 things in mind while buying gold
Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.
Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.
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