Gold prices fall after PM Modi’s appeal to avoid buying:Rates slide to ₹1.50 lakh per 10 gm; silver prices also reduce

Gold and silver prices have declined today, i.e., on May 11. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹801 to ₹1,50,277. Meanwhile, the price of 1 kg silver has decreased by ₹300 to ₹2,55,300. Gold prices according to carat Gold prices in major cities of the country Source: goodreturns May 11, 2026 Prime Minister Modi said- Don’t buy gold for a year Prime Minister Narendra Modi said on Sunday that for a whole year, no matter what occasion occurs at home, people should not buy gold jewellery. Because doing so will save foreign exchange. (Actually, India imports gold from other countries in dollars, and when the dollar becomes expensive, the expenditure on this also increases). Keep these 2 things in mind when buying gold from jewellers 1. Buy only certified gold: Always buy only 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