Patna: Gold and silver prices declined on Monday, July 6, according to the India Bullion and Jewellers Association (IBJA), with the price of 24-carat gold falling by Rs 832 per 10 grams and silver dropping by Rs 2,046 per kilogram.
According to the IBJA, 24-carat gold is now trading at around Rs 1.46 lakh per 10 grams, while silver is priced at Rs 2.32 lakh per kilogram.
Precious Metals Remain Higher This Year
Despite Monday’s decline, gold and silver prices remain above their levels at the end of 2025.
IBJA data shows that gold has gained around Rs 12,000 per 10 grams since December 31, 2025, when it was trading at about Rs 1.33 lakh. Silver has also risen by more than Rs 1,000 per kilogram over the same period, increasing from around Rs 2.30 lakh to Rs 2.32 lakh.
During the year, gold touched an all-time high of Rs 1.76 lakh per 10 grams, while silver reached Rs 3.86 lakh per kilogram on January 29.
Gold Prices By Purity
According to the IBJA, gold prices vary depending on purity.
24-carat gold: Around Rs 1.46 lakh per 10 grams
22-carat gold: Trades at a lower rate than 24-carat gold because of its lower purity.
18-carat gold: Priced below 22-carat gold and commonly used for jewellery.
Jewellers may also add making charges and applicable taxes, resulting in a higher final purchase price.
Points To Check Before Buying Gold
Consumers should ensure that gold jewellery carries the Bureau of Indian Standards (BIS) hallmark, which certifies its purity. The hallmark includes a unique alphanumeric identification number.
Buyers are also advised to compare the prevailing market price with the day’s IBJA rate before making a purchase, as gold prices vary according to purity and may differ from retail selling prices due to making charges and other costs.
