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Gold and Silver See Weekly Decline: Silver Falls by Rs 3,389 to Rs 2.40 Lakh per kg, Gold Drops Rs 1,216 in Price

Gold and silver prices fell over the week, with gold slipping to Rs 1,50,263 per 10 grams and silver to Rs 2,40,331 per kilogram amid profit-booking and global geopolitical uncertainty.

Lakshita Kashyap by Lakshita Kashyap
May 2, 2026
in Business
Reading Time: 1 min read
Gold Falls Rs 1,105 to Rs 1.44 Lakh; Down Rs 12,573 This Month as Silver Drops to Rs 2.27 Lakh
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Patna: Gold and silver prices fell over the week, with both metals retreating from recent highs amid profit-taking and continued market volatility linked to geopolitical tensions involving Iran.

Gold declined by Rs 1,216 over the week, settling at Rs 1,50,263 per 10 grams, compared with Rs 1,51,479 on April 25. The fall comes after a strong rally earlier this year that pushed prices to record levels before a sharp correction set in.

From its starting level of Rs 1,33,000 per 10 grams on December 31, 2025, gold surged to an all-time high of Rs 1,76,000 on January 29, 2026. Since then, it has eased by roughly Rs 26,000 from that peak.

Silver also weakened, falling from Rs 2,43,720 per kilogram to Rs 2,40,331, a weekly drop of Rs 3,389. The metal has shown higher volatility than gold in recent months and a steeper overall correction.

Silver began the year at Rs 2,30,000 per kilogram and touched a record high of Rs 3,86,000 on January 29, 2026. Since that peak, it has dropped by about Rs 1,46,000, now trading close to Rs 2,40,000 per kilogram.

Analysts have attributed the recent softness in precious metals to profit-booking after the sharp rally, alongside shifting global risk sentiment.

Tags: BiharBihar Newsbullion marketGold PricePrecious MetalsSilver Price

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