Today, on May 5 (Tuesday), a fall in the prices of gold and silver was seen. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has dropped by ₹543 to ₹1.47 lakh. Earlier, its price was ₹1.48 lakh per 10 grams. At the same time, the price of one kilogram of silver has decreased by ₹ 618 to ₹ 2.39 lakh. On Monday its price was ₹2.40 lakh per kg.
This year gold became costlier by ₹ 14,000 and silver by ₹ 9,000
So far in 2026, gold prices have increased by ₹14,000. The price of 10 grams of gold on December 31, 2025 was ₹1.33 lakh; Which has now increased to ₹ 1.47 lakh. This year silver has also become costlier by ₹ 9,000. The price of silver on December 31, 2025 was ₹2.30 lakh per kg; Which has now increased to ₹ 2.39 lakh.
Keep these 2 things in mind while buying gold from a jeweler
1. Buy only certified gold: Always buy certified gold, which is hallmarked by the Bureau of Indian Standards (BIS). This number is alphanumeric—meaning it can be in a format like AZ4524. Hallmarking reveals the purity (carat) of gold.
2. **Cross-check the price: When buying gold, be sure to cross-check the exact weight of the gold and the current price of the day from multiple sources (like the website of India Bullion and Jewelers Association). Gold rates vary depending on karat purity—typically for 24-karat, 22-karat, and 18-karat.
4 ways to identify real silver
* **Magnet Test:** Real silver does not stick to a magnet. If it sticks to the magnet, it is fake.
* **Ice Test:** Place a piece of ice on the silver. Ice melts very quickly on real silver. * **Odour Test:** Genuine silver has no smell; It does not have any special smell. Fake silver smells like copper.
Cloth test: Rub the silver on a white cloth. If a black mark is formed on it, then it is genuine.