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- Gold Price Surges ₹815 To ₹1.51 Lakh, Silver Jumps ₹15,269 This Week
New Delhi6 minutes ago
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This week, the price of 1 kg silver has increased by Rs 15,269 to Rs 2.56 lakh. Before this, it was at Rs 2.40 lakh last week i.e. on 30th April.
At the same time, the price of gold increased by only Rs 815. On April 30, 10 grams of gold was at Rs 1.50 lakh, which has increased to Rs 1.51.
Gold and silver movement this week
| Sleep | Silver | |
| 08 May | ₹1,51,078 | ₹2,55,600 |
| 07 May | ₹1,51,149 | ₹2,54,798 |
| 06 May | ₹1,50,860 | ₹2,49,067 |
| 05 May | ₹1,47,636 | ₹2,40,465 |
| 04 May | ₹1,48,100 | ₹2,40,120 |
| 30 April | ₹1,50,263 | ₹2,40,331 |
See the current prices of gold in different cities of the country in the map…
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 18 thousand and silver by 25 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 17,883 and silver by Rs 25,180. On December 31, 2025, 10g gold was at Rs 1.33 lakh, which has now reached Rs 1.51 lakh.
At the same time, silver was Rs 2.30 lakh per kg, which has now reached Rs 2.56 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.
License mandatory for importing foreign jewelery
The government has recently removed gold, silver and platinum jewelery from the ‘free’ category and put it in the ‘restricted’ category. According to the Directorate General of Foreign Trade (DGFT), now to import jewelery made of these precious metals from any country, a special license will have to be obtained from the government. The government has taken this step to prevent misuse of Free Trade Agreement (FTA).
Advantages and disadvantages of the new rule
Disadvantages:
- Till now, cheap jewelery came from countries like Thailand at low taxes. Making licenses mandatory on these options may increase prices slightly in the local market.
- Now you will have to depend on domestic prices when buying jewelery for investment. If supply is less, shopkeepers may charge higher ‘premium’ or making charges for some time.
Advantages:
- Demand for Indian made jewelery will increase in place of foreign jewellery. This will provide more work to local artisans and customers will get more variety of Indian designs.
- It was difficult to check the purity of jewelery coming from outside. Now strict rules of ‘Hallmarking’ will be applicable on the jewelery made in the country, so that the customers will be assured of getting pure gold and silver.
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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Read this news also…
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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