Decline in gold and silver prices before Raksha bandhan:Gold becomes cheaper by ₹2,860 to reach ₹1.58 lakh, price of 1 kg silver decreases by ₹2,791

A day before Raksha bandhan, i.e., today, August 27, gold and silver prices have declined. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has decreased by ₹2,860 to ₹1.58 lakh. Meanwhile, the price of one kilogram of silver has dropped by ₹2,791 to ₹2.40 lakh. Gold has become ₹25 thousand costlier this year Gold and silver prices have fluctuated continuously this year. Gold has become ₹29 thousand costlier so far in 2026. On December 31, 2025, 10g of gold was at ₹1.33 lakh, which has now reached ₹1.58 lakh. Meanwhile, silver was at Rs 2.30 lakh per kg on December 31, 2025, which has now reached Rs 2.40 lakh. During this period, on January 29, gold also hit an all-time high of Rs 1.76 lakh and silver reached Rs 3.86 lakh. Keep these 3 things in mind while buying gold from jewelers