New Delhi22 minutes ago
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Gold and silver prices are continuing to fall amid the ongoing US-Israel war with Iran. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has fallen by Rs 2,490 to Rs 1.44 lakh. Earlier on Thursday it was at 1.46 lakh.
At the same time, the price of one kg silver has decreased by Rs 9,114 to Rs 2.25 lakh. Earlier on March 26, its price was Rs 2.35 lakh per kg. Due to America-Iran war, gold has become cheaper by Rs 15,382 and silver by Rs 41,000 in 28 days.
Gold price according to carat
| carat | Price (Rs/10 grams) |
| 24 | ₹1,43,715 |
| 22 | ₹1,31,643 |
| 18 | ₹1,07,786 |
| 14 | ₹84,073 |
Gold price in big cities of the country
| City | 10 grams 24 carat |
| Delhi | ₹1,44,860 |
| Mumbai | ₹1,44,710 |
| Kolkata | ₹1,44,710 |
| Chennai | ₹14,6510 |
| Jaipur | ₹14,4860 |
| Bhopal | ₹1,44,760 |
| Patna | ₹1,44,760 |
| Lucknow | ₹14,4860 |
| Raipur | ₹1,44,710 |
| Ahmedabad | ₹1,44,760 |
4 reasons why gold prices differ in different cities
Transportation and Security: There is fuel and security cost involved in transporting gold from one city to another. As distance from import centers increases, transportation costs increase, which increases local prices. Purchase quantity: Due to high consumption (about 40%) in areas like South India, jewelers buy gold in large quantities, due to which customers get the benefit of discount at lower prices. Local Jewelery Association: Every state and city has its own jewelery associations (like Madras Jewelers Association in Tamil Nadu), which decide the gold rate based on local demand and supply. Old Stock and Purchase Price: What matters is the rate at which the jewelers have purchased the stock. Those who have old and cheap stock can charge lower prices from customers.
Gold price journey: ₹1.76 lakh to ₹1.44 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 Iran war.
- Starting level (31 December 2025): ₹1.33 lakh
- All Time High (29 January 2026): ₹1.76 lakh (huge jump in just one month)
- present situation: Gold has become cheaper by ₹ 32 thousand from its highest level till now.
Heavy crash in silver prices: from ₹3.86 lakh to ₹2.01 lakh
Silver has seen more fluctuations than gold. It has come down very sharply 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: In the last 57 days, silver has become cheaper by ₹ 1.60 lakh.
Gold becomes cheaper by ₹ 32,406 and silver by ₹ 1.60 lakh from all time high.
| date | gold price | price of silver |
| 29 January | ₹1,76,121 | ₹3,85,933 |
| 10 February | ₹1,56,255 | ₹2,59,100 |
| 20-February | ₹1,54,438 | ₹2,45,564 |
| 10 March | ₹1,60,188 | ₹2,70,944 |
| 20 March | ₹1,47,218 | ₹2,32,364 |
| 27 March | ₹1,43,715 | ₹2,25,700 |
Main reasons for decline: Leaving metal and relying on ‘cash’
Generally, the prices of gold and silver increase in times of war, but this time the situation is a little different:
- Cash Saving: Investors are not willing to take risks due to the Middle East war. They are collecting ‘cash’ by selling their gold and silver so that they have liquid money in times of uncertainty.
- Profit Booking: As prices reached record highs in January, large investors began selling their holdings at higher prices, increasing supply in the market and causing prices to fall.
- Effect of interest rates: Precious metals have also lost their shine due to the US Federal Reserve taking a tough stance on interest rates.
According to commodity expert Ajay Kedia, this decline in the prices of gold and silver may continue further. In such a situation, investors should avoid investing in gold and silver right now.
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 will melt much faster on real silver.
Smell Test: Real silver has no smell. Fakes may 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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