Gold and silver prices declined this week:Silver fell ₹13,468/kg to ₹2.20 lakh/kg; 10 grams of gold became ₹2,976/10 gm cheaper

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 fell by ₹2,976 to ₹1.43 lakh . Earlier, it was at ₹1.46 lakh last week, i.e., on July 4. Meanwhile, silver has come down from ₹2.34 lakh per kg to ₹2.20 lakh . This means its price decreased by ₹13,468 . Earlier, last month, i.e., in June, there was a decline in gold and silver. Last month, gold became cheaper by ₹15,000 and silver by ₹38,000. Gold prices according to carat Gold prices in major cities of the country Source: goodreturns 11 July 2026 Silver fell by ₹1.66 lakh this year This year, the prices of gold and silver have been witnessing continuous fluctuations. On December 31, 2025, the price of gold was ₹1.33 lakh, which increased to reach its highest level of ₹1.76 lakh on January 29. Since then, gold has become cheaper by ₹33,000. Meanwhile, the price of silver was ₹2.30 lakh on December 31, 2025, which reached ₹3.86 lakh on January 29. This was the highest price of silver till date. Since then, in 163 days, silver has become cheaper by ₹1.66 lakh. Gold cheaper by ₹33,000 and silver by ₹1.66 lakh in 163 days Note:- Gold price per 10 grams and silver price per kg | Source:- IBJA Reason for decline in gold-silver prices Keep these 2 things in mind when buying gold from jewellers 4 Ways to Identify Real Silver