New Delhi/Patna: Gold and silver prices fell on Thursday, a day before Raksha Bandhan, offering some relief to buyers ahead of the festival.
According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold declined by Rs 2,860 to around Rs 1.58 lakh, while silver fell by Rs 2,791 to Rs 2.40 lakh per kg.
The attached market data puts the 24-carat gold rate at Rs 1,58,477 per 10 grams.
Gold rates by purity
According to the latest rate chart, gold prices vary significantly according to purity:
| Purity | Rate per 10 grams |
|---|---|
| 24-carat | Rs 1,58,477 |
| 22-carat | Rs 1,45,165 |
| 18-carat | Rs 1,18,858 |
| 14-carat | Rs 92,709 |
Patna gold rate at Rs 1.63 lakh
City-wise rates in the latest market data are higher than the IBJA rate cited above. For 10 grams of 24-carat gold, the rates are:
- Delhi: Rs 1,63,130
- Mumbai: Rs 1,62,980
- Kolkata: Rs 1,62,980
- Jaipur: Rs 1,63,130
- Bhopal: Rs 1,63,030
- Patna: Rs 1,63,030
- Lucknow: Rs 1,63,130
- Raipur: Rs 1,62,980
- Ahmedabad: Rs 1,63,030
The difference between benchmark bullion rates and retail city rates can reflect factors such as local taxes, jeweller margins and other charges.
Gold remains significantly costlier than last year
Despite Thursday’s decline, gold has risen sharply in 2026. The price of 10 grams stood at around Rs 1.33 lakh on December 31, 2025, compared with around Rs 1.58 lakh currently.
Silver has also gained over the same period, rising from Rs 2.30 lakh per kg at the end of 2025 to around Rs 2.40 lakh.
Both precious metals have witnessed considerable volatility this year. 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.
Three things to check before buying gold
With jewellery purchases likely to increase around Raksha Bandhan and the upcoming festive season, buyers should keep three points in mind.
- Buy BIS-hallmarked gold:
Always check that the jewellery carries the Bureau of Indian Standards (BIS) hallmark. The hallmark includes an alphanumeric identification code, such as AZ4524, and helps establish the purity of the gold. - Cross-check the day’s rate:
Buyers should verify the exact weight and prevailing gold price before making a purchase. Rates differ according to purity, including 24-carat, 22-carat and 18-carat gold. Checking rates from multiple sources can help consumers make an informed decision. - Negotiate making charges:
Making charges are levied by jewellers for crafting gold into jewellery and are not necessarily fixed. Buyers can ask for a detailed breakdown of labour and making costs and negotiate, particularly when making a larger purchase.
