Amid the ongoing war between US-Israel and Iran, the decline in gold and silver prices continues. According to the India Bullion and Jewellers Association (IBJA), on Thursday, 10 grams of 24-carat gold fell by ₹5,346 to ₹1.46 lakh. Earlier on Wednesday, it was at ₹1.51 lakh. Meanwhile, one kilogram of silver decreased by ₹15,176 to ₹2.25 lakh, which was at ₹2.40 lakh on March 25. Due to the America-Iran war, gold has become cheaper by ₹13,590 in 34 days and silver by ₹42,040. 4 reasons why gold prices vary across cities Gold ₹31,000 cheaper from its all-time high Gold was bullish at the beginning of the year, but in recent weeks there has been a decline due to profit booking and the Iran war. Crash in silver: From ₹3.86 lakh to ₹2.25 lakh Silver has experienced more volatility compared to gold and has fallen sharply from its all-time high. Main reasons for decline: Trust in cash increased Usually gold and silver prices rise during war situations, but this time the situation is different: According to commodity expert Ajay Kedia, this decline in gold-silver prices may continue further. In such a situation, investors should avoid investing in gold and silver right now. Keep these 2 things in mind when buying gold from jewellers 1. Buy Only Certified Gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross-check the Price: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewellers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat. 4 Ways to Identify Real Silver Post navigation Indian stock indices shed early jitters:Sensex recovers 1,000 points from day’s low; Nifty bounces back to 22,520
