Gold becomes ₹2,000 cheaper:Silver prices correct over ₹15,000 in 2 days; expert cautions investors

Gold and silver prices are falling for the second consecutive trading day. According to the India Bullion and Jewelery Association (IBJA), 10 grams of 24-carat gold has fallen by ₹1,963 to ₹1.56 lakh. Previously on March 13, gold was at ₹1.58 lakh per 10g. Meanwhile, the price of one kilogram of silver has decreased by ₹7,695 to ₹2.53 lakh. Earlier on Friday, its price was ₹2.60 lakh per kilo. Due to the US-Iran war, gold has become cheaper by ₹3,867 and silver by ₹15,508 in two trading days. Before this, on March 12, gold was at ₹1.60 lakh and silver was at ₹2.68 lakh. 4 reasons why gold prices differ in different cities Silver drops ₹1.33 lakh from all-time high This year, gold and silver prices have been continuously fluctuating. On December 31, 2026, gold prices were ₹1.33 lakh, which increased to reach the highest level of ₹1.76 lakh on January 29. Since then, gold has become cheaper by ₹19,685. Meanwhile, silver price was ₹2.30 lakh on December 31, 2025, which reached an all-time high of ₹3.86 lakh on January 29. Since then, in 46 days, silver has become cheaper by ₹1.33 lakh. 3 Major Reasons for Price Drop Expert View – Avoid investing in gold and silver for now According to commodity expert Ajay Kedia, people are booking profits in gold and silver to make up for losses in the stock market. This is causing a decline in gold and silver prices. According to Ajay Kedia, this decline may continue further. Due to this, gold could come down to ₹1.50 lakh and silver to ₹2.50 lakh. In such a situation, investors should avoid investing in gold and silver for now. Keep these 2 things in mind when buying gold from jewelers 1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standard (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 Jewelle₹Association website). Gold rates vary based on 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, it’s fake. Ice Test: Place ice on silver. Ice will melt very quickly on real silver. Smell Test: Real silver has no odor. Fake silver may have a copper-like smell. Cloth Test: Rub silver with white cloth. If it leaves a black mark, it’s genuine.