Silver falls ₹3,761 to ₹2.65 lakh per kg:Down ₹1.21 lakh from all-time high; gold becomes ₹1,116 per 10 gm cheaper today

Gold and silver prices have fallen on May 20. According to the India Bullion and Jewellers Association (IBJA), the price of 1 kg silver has decreased by ₹3,761 to ₹2.65 lakh . Meanwhile, the price of 10 grams of 24-carat gold has dropped by ₹1,116 to ₹1.58 lakh . On January 29, gold reached an all-time high of ₹1.76 lakh and silver reached ₹3.86 lakh. Gold Price Journey: From ₹1.76 Lakh to ₹1.58 Lakh Gold showed an upward trend at the beginning of this year, but in the past few weeks, it has declined due to profit booking and global factors. Initial Level (December 31, 2025): ₹1.33 lakh All-Time High (January 29, 2026): ₹1.76 lakh (sharp surge in just one month) Current Situation: Gold has become cheaper by ₹18,000 from its highest level so far. Heavy Crash in Silver Prices: ₹3.86 Lakh to ₹2.30 Lakh Silver has witnessed much more volatility compared to gold. It has come down very rapidly from its all-time high. Initial Level (31 December 2025): ₹2.30 Lakh All-Time High (29 January 2026): ₹3.86 Lakh (Historic Rise) Decline Figure: In the last 49 days, silver has become cheaper by ₹1.21 Lakh. Main Reasons for Decline: Trust in ‘Cash’ Instead of Metal Usually, prices of gold and silver increase during war situations, but this time the situation is a bit different: 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).