Gold Price Drop: Gold and silver prices declined on July 7. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹1,442 to reach ₹1,44,141 per 10 grams. Previously, the price of 999-purity gold stood at ₹1,45,583 per 10 grams.
Meanwhile, the price of 1 kg of silver dropped by ₹4,408 to ₹2,28,750; the price was previously ₹2,33,158 per kilogram. Gold and silver prices had also declined in June; last month, gold became cheaper by ₹15,000 and silver by ₹38,000. If you are considering purchasing gold, you should check the latest rates beforehand.
24-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 24-carat (999 purity) gold has reached ₹1,44,141 per 10 grams. The price of gold has dropped by ₹1,442.
23-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 23-carat (995 purity) gold has reached ₹1,43,564 per 10 grams. The price of gold has dropped by ₹1,436.
22-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 22-carat (916 purity) gold has reached ₹1,32,033 per 10 grams. The price of gold has dropped by ₹1,321.
18-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 18-carat (750 purity) gold has reached ₹1,08,106 per 10 grams. The price of gold has dropped by ₹1,081.
14-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), the price of 14-carat (585 purity) gold has reached ₹84,323 per 10 grams. Gold has become cheaper by ₹843.
Silver Price
According to the India Bullion and Jewellers Association (IBJA), the price of 999-purity silver (per kilogram) has fallen by ₹4,408 to stand at ₹2,28,750.
Note: The rates issued by the IBJA do not include GST. Additionally, making charges must be paid separately.
How much have gold and silver prices dropped in 2026?
Gold and silver prices have fluctuated continuously this year. On December 31, 2025, the price of gold was recorded at ₹1.33 lakh; it subsequently rose to a peak of ₹1.76 lakh on January 29. Since then, gold has become cheaper by ₹32,000.
The price of silver was ₹2.30 lakh on December 31, 2025, and reached ₹3.86 lakh on January 29. Since then—over 159 days—the price of silver has dropped by ₹1.57 lakh.