There is a fall in the prices of gold and silver today i.e. on 7th July. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 1,442 to Rs 1.44 lakh. At the same time, the price of 1 kg silver has fallen by Rs 4,408 to Rs 2.29 lakh. Before this, there was a decline in gold and silver in the last month i.e. June. Last month, gold had become cheaper by Rs 15 thousand and silver by Rs 38 thousand. Silver fell by Rs 1.57 lakh this year. There are continuous fluctuations in the prices of gold and silver this year. On December 31, 2025, the price of gold was Rs 1.33 lakh, which increased to the highest level of Rs 1.76 lakh on January 29. Since then, gold has become cheaper by Rs 32 thousand. At the same time, the price of silver was Rs 2.30 lakh on 31 December 2025, which reached Rs 3.86 lakh on 29 January. This was the highest price of silver till date. Since then, silver has become cheaper by Rs 1.57 lakh in 159 days. US-Iran agreement is the reason for the fall in gold and silver prices: Armistice agreement has been signed between America and Iran. Because of this, the risk of war in West Asia reduced, due to which investors started withdrawing their money from ‘safe investments’ like gold and silver. Strong US Dollar: The US dollar index has strengthened in the global market after the signals from the Federal Reserve. Usually when the dollar strengthens, the prices of gold and silver fall in the international market. Profit Booking: Some time ago, the prices of gold and silver had reached their record levels. After such a huge rise in prices, big investors and traders booked profits, which led to a sudden sharp fall in prices. Selling in ETFs: Heavy selling was seen in gold-silver ETFs due to reduced attractiveness of safe investments. Due to this, the prices of gold and silver are also falling. Keep these 2 things in mind while buying gold from jewelers. 4 ways to identify real silver.
Source link
[ad_3]
Silver fell by ₹4,408 to ₹2.29 lakh: Gold became cheaper by ₹1,442 to ₹1.44 lakh; Gold became cheaper by ₹ 15 thousand, silver by ₹ 38 thousand in June
