Silver becomes ₹12,900/kg costlier this week:Gold prices increase by ₹7,132/10 gm

This week, the price of 1 kg silver increased by ₹12,900 to reach ₹2.69 lakh. Earlier, it was at ₹2.56 lakh last week, ie, on May 9. Meanwhile, gold prices increased by ₹7,132. On May 9, 10 grams of gold was at ₹1.51 lakh, which has now increased to ₹1.58 lakh. Gold became ₹28,000 and silver ₹39,000 more expensive this year This year, gold and silver prices have been witnessing continuous fluctuations. Gold has become ₹25,015 more expensive and silver ₹38,080 more expensive in 2026 so far. On December 31, 2025, 10gm of gold was at ₹1.33 lakh, which has now reached ₹1.58 lakh. Meanwhile, silver was at ₹2.30 lakh per kg, which has now reached ₹2.69 lakh. During this period, on January 29, gold made an all-time high of ₹1.76 lakh and silver made an all-time high of ₹3.86 lakh. Government increased import duty on gold-silver from 6% to 15% The central government has increased the duty on import of gold and silver from 6% to 15%. The government has imposed 10% basic custom duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. Keep these 2 things in mind while 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). The price of gold varies according to 24 carat, 22 carat and 18 carat.