Today, on April 15, there has been a huge jump in the prices of gold and silver. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by ₹2,938 to ₹1.53 lakh. Earlier, on April 13, its price was ₹ 1.50 lakh per 10 grams. Whereas, the price of one kilogram of silver has increased by ₹ 13,874 to ₹ 2.51 lakh. Earlier, on Monday, its price was ₹2.37 lakh per kg.
4 reasons due to which gold prices vary in different cities
**Transportation and Security:** Transporting gold from one city to another involves fuel and security costs; As a result, as the distance increases, the prices also start increasing.
**Purchasing Volume:** Due to high consumption in South India (about 40%), jewelers buy in bulk; However, the benefits of bulk discounting remain limited.
**Local Jewelry Associations:** State and city-level jewelry associations set prices based on local demand and supply.
**Old Stock and Purchase Price:** The jewelers later sell it to the customers based on the rate at which they purchased their stock.
This year gold became costlier by ₹ 19,754 and silver by ₹ 20,435
This year there has been continuous fluctuation in the prices of gold and silver. So far in 2026, gold has become costlier by ₹19,754 and silver by ₹20,435. The price of 10 grams of gold on December 31, 2025 was ₹ 1.33 lakh, which has now increased to ₹ 1.53 lakh. Similarly, the price of silver was ₹2.30 lakh per kg, which has now increased to ₹2.51 lakh. During this period—specifically on January 29—gold reached its all-time high of ₹1.76 lakh, while silver touched a record high of ₹3.86 lakh. However, prices saw a decline after the conflict between the US and Israel against Iran started on February 28. Since then, in a span of 47 days, gold prices have fallen by ₹6,148 and silver prices by ₹15,845.
License now required to import foreign jewelery
The government has removed jewelery made of gold, silver and platinum from the ‘free’ category and put it in the ‘restricted’ category. This move is having a direct impact on the supply in the market, resulting in rising gold and silver prices. According to a notification issued by the Directorate General of Foreign Trade (DGFT), it is now necessary to obtain a special license or permission from the government to import jewelery made of these precious metals from any country. The government has taken this step to prevent misuse of free trade agreements (FTAs).
Keep these 2 things in mind while buying gold from jewelers
1. **Buy only certified gold:** Always buy certified gold which is hallmarked by the Bureau of Indian Standards (BIS). This hallmark number is alphanumeric—meaning it can appear in a format such as AZ4524. Hallmarking works to certify the purity (carat) of gold.
2. **Double-check the price:** Confirm the exact weight of the gold and its current market price on the day of purchase by double-checking 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. Ice melts very quickly on real silver.
* **Smell Test:** Real silver has no smell. Fake silver often has a metallic odor, similar to copper.
* **Cloth Test:** Rub the silver on a white cloth. If there is a black mark on the cloth, then it is genuine. Indian households hold gold worth more than the country’s GDP: 34,600 tonnes of gold is worth ₹450 lakh crore, while the country’s GDP is ₹370 lakh crore.
The total value of gold held by Indian households has crossed the $5 trillion (₹450 lakh crore) mark. This figure is more than the country’s total GDP, which is $4.1 trillion—or ₹370 lakh crore. The reason for this increase is that gold prices have reached a record high. According to a report by Morgan Stanley, Indian households together hold about 34,600 tonnes of gold.
Right now, the price of gold is hovering around ₹1.38 lakh for 10 grams. At the same time, in the international market, gold is trading above $4,500 per ounce (about 28 grams). When converted into Indian Rupees, its price comes to around ₹1.30 lakh for 10 grams.
