Today, on May 4, a fall in gold prices has been observed. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold dropped by ₹1,906 to ₹1.48 lakh. Earlier, its price was ₹1.50 lakh per 10 grams. At the same time, an upward trend is being seen in the prices of silver. The price of one kilogram of silver has increased by ₹3,906 to ₹2.44 lakh. Earlier, on April 30, its price was ₹2.40 lakh per kg.
This year gold became costlier by ₹ 15,000 and silver by ₹ 14,000
So far in 2026, gold has become costlier by ₹15,000. The price of 10 grams of gold on December 31, 2025 was ₹ 1.33 lakh, which has now increased to ₹ 1.48 lakh. This year, silver prices have increased by ₹14,000. On December 31, 2025, silver was being sold at ₹ 2.30 lakh per kg, the price of which has now increased to ₹ 2.44 lakh.
Keep these 2 things in mind while buying gold from jewelers
1. **Buy only certified gold:** Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). This hallmark number is alphanumeric (a combination of letters and numbers)—for example, it might look like AZ4524. Hallmarking serves to indicate the purity (carat) of gold.
2. **Cross-check the price:** When buying gold, verify the correct weight of the gold and the current price of that day by cross-checking it with multiple sources (like the India Bullion and Jewelers Association website). Gold rates vary by carat—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 the magnet, it is fake.
* **Ice Test:** Place a piece of ice on the silver surface. Ice melts quite quickly on real silver. Smell Test: Pure 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.
Amid the results of assembly elections in five states, the stock market is witnessing a rise today on May 4. Sensex is trading at 77,700 level, up 750 points (0.94%). Nifty has also climbed 250 points (0.92%) and reached the level of 24,200. In today’s trading session, stocks from realty, metal and public sector banking sectors are witnessing maximum buying pressure, while IT and media stocks are under maximum selling pressure.