Silver prices fall ₹1.65 lakh/kg from all-time high:Gold becomes ₹36,000/10 gm cheaper from record peaks

Gold and silver prices have declined on July 1. According to the India Bullion and Jewellers Association (IBJA), 1 kg of silver has decreased by ₹4,070 to ₹2.21 lakh today. Meanwhile, 10 grams of 24 carat gold has fallen by ₹1,852 to ₹1.40 lakh today. Gold prices according to carat Gold prices in major cities of the country Source: goodreturns 1 July 2026 Silver fell by 1.65 lakh this year This year, gold and silver prices have been witnessing continuous fluctuations. On 31 December 2025, the price of gold was ₹1.33 lakh, which increased to reach the highest level of ₹1.76 lakh on 29 January. Since then, gold has become cheaper by ₹36,000 . Meanwhile, the price of silver was ₹2.30 lakh on December 31, 2025, which reached ₹3.86 lakh on January 29. This was the highest price of silver ever. Since then, in 153 days, silver has become cheaper by ₹1.65 lakh. Gold cheaper by ₹36,000 and silver by ₹1.65 lakh in 153 days Note:- Gold price per 10 grams and silver price per kg | Source:- IBJA Reason for decline in gold-silver prices Keep these 2 things in mind when buying gold from jewellers 4 Ways to Identify Real Silver