There is a fall in the prices of gold and silver today i.e. on 20th May. According to India Bullion and Jewelers Association (IBJA), the price of 1 kg silver has fallen by Rs 3,761 to Rs 2.65 lakh. At the same time, the price of 10 grams of 24 carat gold has fallen by Rs 1,116 to Rs 1.58 lakh. On January 29, gold had reached an all-time high of Rs 1.76 lakh and silver of Rs 3.86 lakh. Gold price journey: From ₹1.76 lakh to ₹1.58 lakh Gold had seen a rise in the beginning of this year, but in the last few weeks it has declined due to profit-booking and global reasons. Starting level (31 December 2025): ₹ 1.33 lakh All-time high (29 January 2026): ₹ 1.76 lakh (huge jump in just one month) Current situation: From its highest level, gold has become cheaper by 18 thousand till now. Huge crash in silver prices: From ₹3.86 lakh to ₹2.30 lakh, silver has seen more fluctuations than gold. It has come down very fast from its all-time high. Starting level (31 December 2025): ₹ 2.30 lakh All-time high (29 January 2026): ₹ 3.86 lakh (historical gain) Fall figure: Silver has become cheaper by ₹ 1.21 lakh in the last 49 days. Gold became cheaper by ₹ 18 thousand and silver by ₹ 1.21 lakh in 111 days. Main reasons for the fall: Leaving metal and relying on ‘cash’. Generally, the prices of gold and silver increase in the environment of war, but this time the situation is a little different: Keep these 2 things in mind while buying gold from jewelers. 1. Buy only certified gold: Always buy certified gold with 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. Cross check the price: Cross check the exact weight of the gold and its price on the day of purchase from multiple sources (like the website of India Bullion and Jewelers Association). ——————————————————- Also read this news related to business… Petrol and diesel prices increased by 90 paise: 4 days ago they were increased by ₹ 3 each, petrol crossed ₹ 100 per liter in 15 states. Petrol and diesel in the country became costlier by an average of 90 paise per liter from May 19. Earlier, on Friday, May 15, the prices of petrol and diesel were increased by Rs 3 each per liter. That means this is the second increase within five days. Petrol is being sold above Rs 100 per liter in 15 states and union territories of the country. Read the full news…
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Silver fell by ₹3,761 to ₹2.65 lakh kg: Down by ₹1.21 lakh from all-time high; Gold became cheaper by ₹ 1116 today
