Silver fell by ₹9,000 in two days, reaching ₹2.62 lakh:Gold became cheaper by ₹1,800; 10 grams of gold came down to ₹1.57 lakh

Gold and silver prices have fallen today, May 27. According to the India Bullion and Jewelers Association (IBJA), the price of 1 kg of silver has decreased by ₹4,503 to ₹2.62 lakh. The price of 10 grams of 24-carat gold has fallen by ₹571 today to ₹1.57 lakh. Silver prices have become cheaper by ₹9,000 and ₹1,800 in 2 days.
Journey of Gold Prices: From ₹1.76 Lakh to ₹1.57 Lakh Gold had shown an upward trend at the beginning of this year, but in the last few weeks, it has seen a decline due to profit-booking and global reasons. Silver Prices Crash: From ₹3.86 Lakh to ₹2.62 Lakh Silver has seen more volatility compared to gold. It has fallen significantly from its all-time high. Main Reasons for Decline: Trusting ‘Cash’ over Metal Usually, in an atmosphere of war, gold and silver prices rise, but this time the situation is a little different: Keep these 2 things in mind when buying gold from jewelers 1. Buy only certified gold: Always buy certified gold with a Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates the caratage of the gold. 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).