Gold prices fall by over ₹5,600/10 gm post Diwali:Silver rates correct nearly ₹25,600 per kg from all-time high

Gold and silver prices have seen a sharp decline after Diwali. Gold has become cheaper by ₹5,677 per 10 gram (gm) from its all-time high and silver has dropped by ₹25,599 per kilogram (kg) from its record high. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has decreased by ₹3,726 per unit to reach ₹1,23,907 per 10 gm. Earlier, it was at ₹1,27,633 on 20 October. Gold had made an all-time high of ₹1,29,584 per 10 gm on 17 October. Silver prices dropped by ₹10,549 in one day Silver prices today have fallen by ₹10,549 to reach ₹1,52,501 per kg. Previously, silver was at ₹1,63,050 per kilo. Silver had reached its all-time high of ₹1,78,100 per kg on 14 October. Reasons for recent decline in gold-silver prices This year gold increased by ₹47,745 and silver by ₹66,484 This year so far, gold price has increased by ₹47,745. On 31 December 2024, 10 grams of 24-carat gold was priced at ₹76,162, which has now reached ₹1,23,907. The price of silver has also increased by ₹66,484 during this period. On 31 December 2024, one kilogram of silver was priced at ₹86,017, which has now increased to ₹1,52,501 per kilogram. Keep these 2 things in mind while buying gold 1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, like AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross-check prices: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like India Bullion and Jewellers Association website). Gold prices vary according to 24 carat, 22 carat and 18 carat.