Silver prices fall ₹1,722 to ₹2.67 lakh/kg:Gold becomes ₹389 cheaper at ₹1.58 lakh/10 gm; see gold prices carat-wise

Gold and silver prices have declined on May 18. The price of 1 kg silver has decreased by ₹1,722 to ₹2.67 lakh . Earlier, its price was at ₹2.69 lakh. Meanwhile, according to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹389 today to ₹1.58 lakh . Gold has become ₹25,000 and silver ₹37,000 more expensive this year This year, gold and silver prices have been witnessing continuous fluctuations. Gold has become ₹25,000 more expensive and silver ₹37,000 more expensive so far in 2026. On December 31, 2025, 10g gold was at ₹1.33 lakh , which has now reached ₹1.58 lakh . Meanwhile, silver was at ₹2.30 lakh per kg, which has now reached ₹2.67 lakh . During this period, on January 29, gold made an all-time high of ₹1.76 lakh and silver made an all-time high of ₹3.86 lakh . Government increased import duty on gold-silver from 6% to 15% The central government has increased the duty on import of gold and silver from 6% to 15%. The government has imposed 10% basic custom duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. 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.