India has recently seen a significant decrease in gold and silver prices, which has caught the attention of investors and buyers. If you are planning to buy gold or silver, this time can be golden for you. In the last one week, the price of gold has fallen by around Rs 3,000 per 10 grams, while silver has also come down from its recent highest level.
Last week, gold prices have decreased rapidly. According to the India Bullion and Jewelers Association (IBJA), the price of 24 carat gold has come down from Rs 98,691 per 10 grams to Rs 95,784. This indicates a decrease of Rs 2,907. At the same time, the price of 22 carat gold has fallen from Rs 90,404 to Rs 87,738 per 10 grams. Talking about 18 carat gold, it has come down from Rs 74,018 to Rs 71,838 per 10 grams. This decline can be a great opportunity for those who are thinking of buying gold for marriage or investment.
Silver prices have also seen a decrease this week. According to IBJA data, silver prices have fallen from Rs 1,06,775 per kg to Rs 1,05,193 per kg, which shows a decrease of Rs 1,582. Significantly, on 18 June, silver touched an all -time high of Rs 1,09,550 per kg. This decline has also opened a new possibility for silver buyers and investors.
This decline in gold and silver prices is not limited to India only. The price of precious metals has also decreased in the international market. Gold on comex has fallen from $ 3,400 an ounce to $ 3,300 an ounce. At the same time, the price of silver has fallen to $ 36 an ounce. Experts believe that factors such as stress decrease, global economic stability and weakness in US dollar have promoted this decline.
Despite the recent decline, this year, gold and silver have given good returns to investors. Since January 1, 2025, the price of 24 carat gold has increased from Rs 76,162 per 10 grams to Rs 95,784, which shows an increase of 25.76%. Silver did not lag behind, its price has increased from Rs 86,017 per kg to Rs 1,05,193, which is an increase of 22.29%. These figures indicate that gold and silver remain a safe option for investment in a long time.
This fall in gold and silver prices has raised the question in the minds of many people whether this is the right time to shop? Experts say that if you want to buy gold and silver for marriage, festival or investment, this can be a good opportunity. However, given the instability of the market, it is necessary to take expert advice before investment and keep an eye on market trends.
