Gold and silver prices have started to decline after a continuous rise. According to the India Bullion and Jewellers Association (IBJA), silver prices fell by ₹1,051 today, October 23, and are now selling at ₹1,51,450 per kilogram. On October 14, the price had reached an all-time high of ₹1,78,100, marking a fall of ₹26,650 since then. Meanwhile, the price of 10 grams of 24-carat gold dropped by ₹553 today to ₹1,23,354. Earlier, on October 17, gold had hit an all-time high of ₹1,30,874, which means it has fallen by ₹7,520 since then. Recent reasons for decline in gold-silver prices This year gold increased by ₹47,192 and silver by ₹65,433 This year so far, gold price has increased by ₹47,192. On December 31, 2024, 10 grams of 24 carat gold was priced at ₹76,162, which has now reached ₹1,23,354. The price of silver has also increased by ₹65,433 during this period. On December 31, 2024, one kilogram of silver was priced at ₹86,017, which has now increased to ₹1,51,450 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. Post navigation Now you can add 4 nominees in bank account:This will make claim settlement easier, new rule will be effective from 01 November How should you invest in gold?:ETFs, MFs are regulated safe investments, says expert; check here for details of other modes of investment
