Silver drops ₹3,155 to ₹2.17 lakh per kg:Down ₹1.69 lakh from its all-time high, gold fell ₹1,079 today

Gold and silver prices declined on Monday, 13 July 2026. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹1,079 to ₹1,42,289 per 10 grams, while silver dropped by ₹3,155 to ₹2,17,235 per kg. Gold prices by purity (per 10 grams) 24 Carat: ₹1,42,289 22 Carat: ₹1,30,337 18 Carat: ₹1,06,717 14 Carat: ₹83,239 24-carat gold prices in major cities (per 10 grams) Delhi: ₹1,43,060 Mumbai: ₹1,42,910 Kolkata: ₹1,42,910 Jaipur: ₹1,43,060 Bhopal: ₹1,42,960 Patna: ₹1,42,960 Lucknow: ₹1,43,060 Raipur: ₹1,42,910 Ahmedabad: ₹1,42,960 Source: Goodreturns (13 July 2026) Gold down ₹34,000, silver ₹1.69 lakh from record highs Bullion prices have remained volatile this year. Gold hit a record ₹1,76,121 per 10 grams on January 29, but has since declined by nearly ₹34,000. Silver, which touched an all-time high of ₹3,85,933 per kg on the same day, has fallen by around ₹1.69 lakh in the past 165 days. Price trend since the January peak 29 January: Gold – ₹1,76,121 | Silver – ₹3,85,933 31 January: Gold – ₹1,65,795 | Silver – ₹3,39,350 28 February: Gold – ₹1,50,997 | Silver – ₹2,66,700 31 March: Gold – ₹1,46,733 | Silver – ₹2,30,135 30 April: Gold – ₹1,50,263 | Silver – ₹2,40,331 31 May: Gold – ₹1,56,463 | Silver – ₹2,63,350 30 June: Gold – ₹1,41,286 | Silver – ₹2,25,425 13 July: Gold – ₹1,42,289 | Silver – ₹2,17,235 Note: Gold price is per 10 grams and silver price is per kg. Source: IBJA. Why are gold and silver prices falling? 1. Stronger US dollar: The US Dollar Index has strengthened after signals from the US Federal Reserve, reducing the appeal of gold and silver in global markets. 2. Profit booking: After touching record highs earlier this year, investors and traders booked profits, putting pressure on bullion prices. Experts advise against lump-sum investment Commodity market expert Ajay Kedia says the recent correction has created investment opportunities, but investors should avoid investing a large amount at one time. Instead, he recommends investing in phases. According to Kedia, gold could climb back to ₹1.60 lakh per 10 grams and silver to ₹2.80 lakh per kg by the end of the year. Two things to check before buying gold Buy BIS-hallmarked gold: Always purchase jewellery with a Bureau of Indian Standards (BIS) hallmark, which certifies its purity. The hallmark includes a unique alphanumeric code. Verify the day’s price: Compare gold rates from reliable sources, such as the IBJA, before making a purchase. Prices vary depending on purity, such as 24, 22, and 18 carats. Four simple ways to identify real silver Magnet test: Genuine silver does not stick to a magnet. Ice test: Ice melts faster on real silver because of its high thermal conductivity. Smell test: Pure silver is odorless, while fake silver may have a copper-like smell. Cloth test: Rub the item with a white cloth. A black mark usually indicates genuine silver due to natural oxidation.