There was a decline in gold and silver this week: the price of silver decreased by ₹ 15432 to ₹ 2.17 lakh kg, gold became cheaper by ₹ 5097

This year, there are continuous fluctuations in the prices of gold and silver. 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 36 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 1.69 lakh in 149 days.

Reason for fall in gold and silver prices

• US-Iran Agreement: 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.
• US Federal Reserve’s stance: The Federal Reserve has recently indicated that it may raise interest rates this year rather than cut them. Expectations of rising interest rates reduce the luster of non-interest bearing metals like gold.
• 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 as the attractiveness of safe investments diminished. Today there is a fall of 6% in Silver ETF and 3% in Gold ETF, which has pulled down the prices of the domestic market.

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

1. Magnet Test: Real silver does not stick to magnets. If it sticks then it is fake.
2. Ice Test: Place ice on silver. Ice melts faster on real silver.
3. Smell Test: Real silver has no smell. Fakes smell like copper.
4. Cloth Test: Rub the silver with a white cloth. If a black mark appears then it is real.

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