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- Gold Silver Price Hike | ₹14K Increase; Gold ₹2,827 Up To ₹1.48 Lakh10gm
New Delhi15 minutes ago
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There is a rise in the prices of gold and silver today (June 12). According to India Bullion and Jewelers Association (IBJA), one kg of silver has increased by Rs 9,704 to Rs 2.42 lakh. Earlier on Thursday its price was Rs 2.33 lakh per kg.
At the same time, 10 grams of 24 carat gold has increased by Rs 2,827 to reach Rs 1.48 lakh. Earlier on June 11, its price was Rs 1.45 lakh per 10 grams.
This rise in gold and silver has come due to increasing expectations of resumption of peace talks between America and Iran. Due to this, the prices of crude oil have fallen, the fear of inflation has reduced and the dollar has weakened, due to which investors have returned to gold and silver.
4 reasons why gold prices differ in different cities
- Transportation and Security: Fuel and security costs are involved in transporting gold from one city to another, which increases the price as the distance increases.
- Purchase quantity: Due to high consumption in South India (about 40%), jewelers make large purchases, but the benefit of discount is limited.
- Local Jewelery Association: State and city jewelery associations decide the rates based on local demand and supply.
- Old Stock and Purchase Price: The buying rate of jewelers decides at what price they will sell to customers.
Gold became costlier by ₹ 14,410 and silver by ₹ 11,875 this year
This year, there are continuous fluctuations in the prices of gold and silver. So far in 2026, gold has become costlier by Rs 14,410 and silver by Rs 11,875. On December 31, 2025, 10g gold was at Rs 1.33 lakh, which has now reached Rs 1.47 lakh.
At the same time, silver was Rs 2.30 lakh per kg on December 31, 2025, which has now reached Rs 2.42 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.
Import duty on gold and silver increased from 6% to 15%
The Central Government has recently increased the duty on import of gold and silver from 6% to 15%. Its purpose is to reduce foreign purchases and reduce the pressure on the country’s foreign exchange reserves.
The government has imposed 10% basic custom duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. In this way the total effective tax becomes 15%. Earlier, in the budget of 2024, Finance Minister Sitharaman had reduced the import duty from 15% to 6%.
License will have to be taken to import foreign jewellery.
Apart from this, the government has removed gold, silver and platinum jewelery from the ‘free’ category and put it in the ‘restricted’ category. Its direct effect is visible on the supply in the market, due to which the prices of gold and silver are increasing.
According to the notification issued by the Directorate General of Foreign Trade (DGFT), now to import jewelery made of these precious metals from any country, a special license or permission will have to be obtained from the government. The government has taken this step to prevent misuse of Free Trade Agreement (FTA).
Keep these 2 things in mind while buying gold from jewelers
1. 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.
2. 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.
4 ways to identify real silver
- Magnet Test: Real silver does not stick to magnets. If it sticks then it is fake.
- Ice Test: Place ice on silver. Ice melts faster on real silver.
- Smell Test: Real silver has no smell. Fakes smell like copper.
- Cloth Test: Rub the silver with a white cloth. If a black mark appears then it is real.
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The total value of gold held by Indian households has crossed $5 trillion (₹450 lakh crore). This figure is more than the country’s total GDP of 4.1 trillion dollars i.e. Rs 370 lakh crore. This has happened due to gold prices reaching record high. According to a report by Morgan Stanley, about 34,600 tonnes of gold is deposited in Indian homes.
Currently the value of gold is around Rs 1.38 lakh per 10 grams. Whereas in the international market, gold is trading beyond $ 4,500 per ounce (about 28 grams). If we convert it into rupees then its value is around Rs 1.30 lakh per 10 grams. Read the full news…
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