New Delhi59 minutes ago
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This week, the price of 1 kg silver has increased by Rs 12,900 to Rs 2.69 lakh. Before this, it was at Rs 2.56 lakh last week i.e. on 9th May.
At the same time, the price of gold increased by Rs 7,132. On May 9, 10 grams of gold was at Rs 1.51 lakh, which has increased to Rs 1.58.
Gold became costlier by 28 thousand and silver by 57 thousand 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 25,015 and silver by Rs 38,080. 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 2.69 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 increased import duty on gold and silver from 6% to 15%
The Central Government has increased the duty on import of 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.
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.
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