New Delhi8 minutes ago
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There is a rise in the prices of gold and silver today on 1st April. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold rose by Rs 2,836 to reach ₹1.49 lakh. Earlier on Monday, its price was Rs 1.46 lakh per 10 grams.
At the same time, one kg of silver has increased by Rs 9,348 to reach ₹ 2.39 lakh. Earlier on Monday its price was Rs 2.30 lakh per kg.
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 increased by ₹ 16,374 this year, fell by ₹ 9,528 after Iran war
This year, there are continuous fluctuations in the prices of gold and silver. So far in 2026, gold has become costlier by Rs 16,374 and silver by Rs 9,063. 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.
A continuous decline is being seen after America and Israel’s war with Iran started on February 28. Since then gold has fallen by Rs 9,528 and silver by Rs 27,217.
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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Indian households have more gold than the country’s GDP: 34,600 tonnes of gold worth ₹450 lakh crore, country’s GDP ₹370 lakh crore
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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