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There is a fall in the prices of gold and silver on 19th August. According to India Bullion and Jewelers Association (IBJA), the price of one kg silver has fallen by Rs 5,772 to Rs 2.27 lakh. The price of 10 grams 24 carat gold has decreased by Rs 1,196 to Rs 1.53 lakh.
There has been a rise in gold and silver so far this year
This year, there are continuous fluctuations in the prices of gold and silver. Gold has become costlier by Rs 20 thousand so far in 2026. On December 31, 2025, 10g gold was above Rs 1.33 lakh, which has now reached Rs 1.53 lakh.
There is a decline of Rs 3 thousand in the price of silver. Silver was Rs 2.30 lakh per kg on December 31, 2025, which is now at Rs 2.27 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.
Advice for investors: Is this fall in gold and silver prices a good opportunity to buy or should we wait more?
According to commodity expert Ajay Kedia, the prices of gold and silver have come down much from their high. In such a situation, investors can invest in it, although lump sum investment should be avoided. According to Ajay Kedia, by the end of the year, gold can once again go up to Rs 1.60 lakh and silver up to Rs 2.80 lakh.
Keep these 3 things in mind while buying gold from jewelers
- 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.
- Price Cross Check: Cross-check the correct weight of 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.
- Making Charge Game: Making charge is the fee that jewelers charge for turning gold into jewellery. It is not fixed, so you can negotiate on it. Jewelers are often willing to reduce this, especially if you are making a large purchase. You should directly ask for the breakup of labor cost from them, so that you can get a better deal.
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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