Today, on April 7, the prices of gold and silver have fallen. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹2,000 to ₹1.47 lakh. Earlier, it was ₹1.49 lakh. At the same time, the price of one kilogram of silver has fallen by ₹3,000 to ₹2.31 lakh.
Gold becomes cheaper by ₹ 29,000 from its all-time high
An upward trend was observed in gold prices at the beginning of the year; However, prices have declined in recent weeks due to profit-booking and the Iran-related conflict.
**All-time high (January 29, 2026):** ₹1.76 lakh
**Current Situation:** Gold has now become cheaper by ₹29,000 from its highest level.
**Heavy fall in silver:** From ₹3.86 lakh to ₹2.31 lakh
Silver has seen more volatility than gold and has fallen sharply from its all-time highs.
All-time high (January 29, 2026): ** ₹ 3.86 lakh Fall figure: Silver has become cheaper by ₹ 1.54 lakh from its all-time high.
Keep these 2 things in mind while buying gold from jewelers
**1. Buy only certified gold:** Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This hallmark number is alphanumeric—meaning it can appear in a format like AZ4524. Hallmarking serves to indicate the purity (carat) of gold.
**2. Cross-check the price:** Verify the correct weight of the gold and its current price on the day of purchase by cross-checking it with multiple sources (such as the India Bullion and Jewelers Association website). Gold rates vary depending on purity—especially for 24-karat, 22-karat, and 18-karat gold.
4 ways to identify real silver
**Magnet Test:** Real silver does not stick to a magnet. If it sticks to a magnet, it is a fake.
**Ice Test:** Place a piece of ice on the silver. Ice melts faster on real silver.
**Smell Test:** Real silver has no smell. Fake silver smells like copper.
**Cloth Test:** Rub the silver on a white cloth. If a black mark is visible, it is genuine.