Patna: Gold prices declined further on Thursday, July 16, with the price of 24-carat gold falling by Rs 189 per 10 grams, according to the India Bullion and Jewellers Association (IBJA). Silver, meanwhile, moved in the opposite direction, gaining Rs 680 per kilogram.
IBJA data showed that the price of 24-carat gold settled at Rs 1.42 lakh per 10 grams, while silver rose to Rs 2.20 lakh per kilogram.
Gold Up Rs 9,000 This Year Despite Recent Correction
Although gold prices have retreated in recent sessions, the precious metal remains significantly higher than at the beginning of the year.
On December 31, 2025, 24-carat gold was trading at just over Rs 1.33 lakh per 10 grams. Despite the recent correction, it has appreciated by around Rs 9,000 so far this year.
Gold had touched an all-time high of Rs 1.76 lakh per 10 grams on January 29 before retreating from record levels.
Silver Still Below Record High
Silver has also experienced sharp fluctuations during the year.
The metal was priced at Rs 2.30 lakh per kilogram at the end of 2025 but currently stands at Rs 2.20 lakh, a decline of around Rs 10,000.
Silver had surged to a record Rs 3.86 lakh per kilogram on January 29 before easing in subsequent months.
Why Are Gold Prices Falling?
Market analysts attribute the recent decline in bullion prices to two key factors:
Stronger US Dollar: The US Dollar Index has strengthened following signals from the US Federal Reserve. A stronger dollar generally puts downward pressure on international gold and silver prices.
Profit-booking: After gold and silver climbed to record highs earlier this year, investors and traders booked profits, leading to a correction in bullion prices.
Experts Advise Staggered Investment
Commodity market experts say the recent correction has brought gold and silver well below their record highs, creating opportunities for long-term investors.
However, they advise against making a lump-sum investment and instead recommend investing gradually.
According to a commodity expert, gold could climb back to around Rs 1.60 lakh per 10 grams by the end of the year, while silver could rise to approximately Rs 2.80 lakh per kilogram, depending on global market conditions.
