Gold and silver prices fell today, 13 October. According to the India Bullion and Jewellers Association (IBJA), 10 grams of 24-carat gold fell by ₹399 to ₹1.48 lakh. Meanwhile, the price of 1 kilogram of silver declined by ₹923 to ₹2.20 lakh. Gold and silver had also become cheaper yesterday, 12 October, with gold falling by ₹1,369 and silver by ₹814. This means that in two days, gold has become cheaper by around ₹1,750 and silver by ₹1,700. Gold and silver may become more expensive in the coming days Although gold and silver prices have fallen today, they may rise in the coming days. According to commodity expert Ajay Kedia, the festival season has begun in India and China, which will drive up demand for gold and silver. In addition, central banks in other countries, including China, are also buying gold. According to Ajay Kedia, for all these reasons, gold could rise to ₹1.55 lakh and silver to ₹2.40 lakh by Diwali. Keep these two things in mind when buying gold from jewellers Four ways to identify genuine silver Post navigation IMF projects 7% growth for India in FY27, FY28:Warns of fragile global economy and rising inflation Govt to impose UPI payment charges after Diwali:Move to provide relief to shopkeepers amid festive season
