Gold becomes cheaper by ₹11,000/10 gm in 7 days:Silver rates fall ₹28,000/kg to ₹2.32 lakh

Gold and silver prices fell this week. Gold fell by ₹11,000 over the week to reach ₹1.47 lakh per 10 grams. Earlier, it was at ₹1.58 lakh on March 13 last week. Meanwhile, silver dropped from ₹2.60 lakh per kilo to ₹2.32 lakh, meaning its price decreased by ₹28,000. Due to the ongoing war between US-Israel and Iran, investors are selling their ‘gold holdings’ to accumulate cash (dollars) so they can deal with market volatility. This is increasing dollar demand and causing gold and silver prices to fall. 4 Reasons Why Gold Prices Differ in Different Cities Transportation and Security: There are fuel and heavy security costs involved in transporting gold from one city to another. As distance from import cente₹increases, transportation costs rise, which leads to higher local prices. Purchase Volume: In regions like South India where consumption is higher (around 40%), jewele₹buy gold in bulk quantities. The discount received from bulk purchases benefits custome₹in the form of lower prices. Local Jewellery Association: Every state and city has their own jewelry associations (like Madras Jewelers Association in Tamil Nadu). These organizations set gold rates for their area based on local demand and supply. Old Stock and Purchase Price: The rate at which jewellery bought their stock also matters. Jewelers who have old stock purchased at lower rates can charge customors less. Silver drops by ₹1.53 lakh from all-time high This year, gold and silver prices have been continuously fluctuating. On December 31, 2025, 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 ₹28,903. Similarly, 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 50 days, silver has become cheaper by ₹1.53 lakh. Keep these 2 things in mind while buying gold from jewellers 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 Jewelle₹Association website). Gold rates vary for 24 carat, 22 carat and 18 carat. 4 Ways to Identify Real Silver