Patna: Gold prices increased on July 8, with the rate of 24-carat gold rising by Rs 177 to Rs 1.44 lakh per 10 grams, according to the India Bullion and Jewellers Association (IBJA).
Silver also recorded a marginal increase, gaining Rs 150 to reach Rs 2.27 lakh per kg.
Gold Up Rs 11,000 In 2026
IBJA data shows that gold has appreciated by around Rs 11,000 since the beginning of the year.
On December 31, 2025, the price of 24-carat gold stood at around Rs 1.33 lakh per 10 grams. It has since climbed to Rs 1.44 lakh, reflecting sustained gains during 2026.
Silver Below End-2025 Level
Unlike gold, silver has declined overall this year despite Wednesday’s increase.
Silver was priced at Rs 2.30 lakh per kg on December 31, 2025. It is currently trading at Rs 2.27 lakh per kg, a decline of around Rs 3,000.
According to IBJA data, gold touched an all-time high of Rs 1.76 lakh per 10 grams, while silver reached Rs 3.86 lakh per kg on January 29.
What Buyers Should Check Before Purchasing Gold
Jewellery buyers are advised to purchase only gold carrying the Bureau of Indian Standards (BIS) hallmark, which certifies the purity of the metal. Hallmarked jewellery carries a unique alphanumeric identification number.
Consumers should also verify the prevailing market price before making a purchase, as gold rates vary according to purity, including 24-carat, 22-carat and 18-carat gold.
Simple Ways To Check Silver
Basic tests can help identify genuine silver before purchase.
Real silver is non-magnetic and does not stick to a magnet. It also conducts heat efficiently, causing ice placed on its surface to melt quickly.
Genuine silver is generally odourless, while imitation silver may produce a metallic or copper-like smell. Rubbing silver with a white cloth may also leave a black mark due to natural oxidation, which is considered one indicator of authenticity
