Gold cheaper by ₹4694 and silver by ₹8436:10 grams of gold reached ₹1.55 lakh, one kilogram of silver selling for ₹2.35 lakh

Gold and silver prices declined this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹4,694 to ₹1.55 lakh. Last week, on August 28, it was around ₹1.60 lakh. Meanwhile, silver has decreased from ₹2.44 lakh per kg to ₹2.35 lakh; its price has increased by ₹8,436. 4 reasons why gold prices vary in different cities Gold has become costlier by ₹22 thousand this year This year, gold and silver prices have been witnessing continuous fluctuations. Gold has become costlier by 22 thousand rupees so far in 2026. On December 31, 2025, 10g of gold was at 1.33 lakh rupees, which has now reached 1.55 lakh rupees. Meanwhile, silver was at 2.30 lakh rupees per kg on December 31, 2025, which has now reached 2.35 lakh rupees. During this period, on January 29, gold also hit an all-time high of 1.76 lakh rupees and silver reached 3.86 lakh rupees. Keep these 3 things in mind while buying gold from jewelers Buy certified gold only: Always buy certified gold with a Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, for example: AZ4524. Hallmarking indicates the karat of the gold. Cross-check the price: Cross-check the exact weight of the gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewellers Association website). Gold rates vary according to 24-karat, 22-karat, and 18-karat purity. The game of making charges: Making charges are the fees that jewelers charge for crafting gold into jewelry. This is not fixed. You can negotiate on this. Jewelers are often willing to reduce it, especially if you are making a large purchase. Ask them directly for a breakdown of the labor cost so that you can get a better deal. 4 ways to identify real silver