Patna: Gold and silver prices registered a weekly decline, according to the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell by Rs 5,097 per 10 grams, while silver dropped by Rs 15,432 per kg over the week.
IBJA data showed that 24-carat gold closed at Rs 1.40 lakh per 10 grams, down from Rs 1.45 lakh recorded on June 20. Silver prices also declined from Rs 2.32 lakh per kg to Rs 2.17 lakh per kg during the same period.
Gold Extends Decline from January Peak
Gold prices have remained volatile throughout the year. On December 31, 2025, 24-carat gold was priced at Rs 1.33 lakh per 10 grams before climbing to an all-time high of Rs 1.76 lakh on January 29.
Since that peak, gold prices have fallen by around Rs 36,000 per 10 grams, reflecting a sustained correction after the sharp rally at the beginning of the year.
Silver Records Steeper Correction
Silver has witnessed a larger decline compared with gold. The metal was priced at Rs 2.30 lakh per kg on December 31, 2025, before surging to a record high of Rs 3.86 lakh per kg on January 29.
Over the 149 days since reaching that high, silver prices have dropped by Rs 1.69 lakh per kg, bringing the current rate to Rs 2.17 lakh per kg.
Precious Metals Continue to See Volatility
The latest decline adds to the sharp fluctuations in precious metal prices witnessed this year. Market prices have continued to move in response to changing domestic and global economic conditions, with gold and silver experiencing significant swings after touching record highs earlier in 2026.
According to IBJA data, both metals remain above their levels at the end of 2025 despite the recent correction.
