There is a fall in the prices of gold and silver today i.e. on 18th May. The price of 1 kg silver has come down by Rs 1,722 to Rs 2.67 lakh. Earlier its price was at Rs 2.69 lakh. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 389 to Rs 1.58 lakh today. This year, gold became costlier by 24 thousand rupees and silver by 37 thousand rupees. There are continuous fluctuations in the prices of gold and silver this year. So far in 2026, gold has become costlier by Rs 24 thousand and silver by Rs 37. On December 31, 2025, 10g gold was at Rs 1.33 lakh, which has now reached Rs 1.58 lakh. At the same time, silver was Rs 2.30 lakh per kg, which has now reached Rs 2.67 lakh. During this period, on January 29, gold had made an all-time high of Rs 1.76 lakh and silver had also made an all-time high of Rs 3.86 lakh. Government has increased the import duty on gold and silver from 6% to 15%. The central government has increased the import duty on gold and silver from 6% to 15%. The government has imposed 10% basic custom duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. While buying gold from jewellers, keep these 2 things in mind: 1. Buy only certified gold: Always buy certified gold with 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. 2. Cross check the price: Cross check the exact weight of the gold and its price on the day of purchase from multiple sources (like 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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Silver fell by ₹ 1,722 to ₹ 2.67 lakh: Gold became cheaper by ₹ 389 to ₹ 1.58 lakh, see the price of gold according to carat.
