gold-becomes-₹3,666-costlier-this-week,-reaches-₹147-lakh:silver-rises-by-₹6,166-to-reach-₹2.28-lakh;-license-required-to-import-foreign-jewelry

This week, the price of 10 grams of gold has increased by 3,666 rupees to reach 1.47 lakh rupees. Earlier, it was at 1.43 lakh rupees last week, i.e., on March 27. Meanwhile, 1 kg of silver has risen from 2.22 lakh to 2.28 lakh rupees. This means its price has increased by 6,166 rupees. Meanwhile, the government has moved gold, silver, and platinum jewelry from the ‘Free’ category to the ‘Restricted’ category. This will directly impact market supply, which could lead to price increases. According to a notification issued by the Directorate General of Foreign Trade (DGFT), now to import jewelry made from these precious metals from any country, one will need to obtain a special license or permission from the government. The government has taken this step to prevent misuse of Free Trade Agreements (FTA). No relief on old contracts or payments either According to DGFT, the new rule has come into effect immediately. If a businessman has already made a contract, paid an advance payment, or a Letter of Credit (LC) has been issued, they will not get any relief. The benefit of transitional arrangement (exemption given during the change) will not be provided this time. This means that whatever goods have not yet reached Indian ports, the new rules will apply to them. Advantages and disadvantages of the new rule Disadvantages: Benefits: Gold became ₹13,413 and silver ₹2,607 costlier this year This year, the prices of gold and silver have been continuously fluctuating. In 2026, gold has become costlier by 13,413 rupees and silver by 2,607 rupees so far. On December 31, 2025, 10g gold was at 1.33 lakh rupees, which has now reached 1.46 lakh rupees. Similarly, silver was 2.30 lakh rupees per kg, which has now reached 2.28 lakh rupees. During this period, on January 29, gold made an all-time high of 1.76 lakh rupees and silver made an all-time high of 3.86 lakh rupees. However, after the war between America and Israel with Iran started on February 28, a continuous decline has been observed. Since then, in 36 days, gold has fallen by 12,489 rupees and silver by 38,887 rupees. See the current prices of gold in different cities of the country on the map… 4 reasons why gold prices are different in different cities Keep these 2 things in mind when buying gold from jewelers 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