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- Iran War Impact: Gold Down ₹16K, Silver ₹42K; Today ₹3,263 & ₹13K Fall
New Delhi4 hours ago
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Gold and silver prices are also falling on Thursday amid the ongoing war between America and Israel with Iran. According to India Bullion and Jewelers Association (IBJA), on Thursday, 10 grams of 24 carat gold fell by Rs 4,245 to Rs 1.47 lakh. Earlier on Wednesday it was at 1.51 lakh.
At the same time, one kg silver decreased by Rs 12,023 to Rs 2.28 lakh, which was Rs 2.40 lakh on March 25. Due to America-Iran war, gold has become cheaper by Rs 12,489 and silver by Rs 38,887 in 34 days.
4 reasons why gold prices differ in different cities
- Transportation and Security: Fuel and security costs are involved in transporting gold from one city to another, which increases the price as the distance increases.
- Purchase quantity: Due to high consumption in South India (about 40%), jewelers make large purchases, but the benefit of discount is limited.
- Local Jewelers Association: State and city jewelers associations decide the rates based on local demand and supply.
- Old Stock and Purchase Price: The buying rate of jewelers decides at what price they will sell to customers.
Gold became cheaper by ₹ 30 thousand from all time high
Gold was bullish at the beginning of the year, but has fallen in recent weeks due to profit-booking and the Iran war.
- Starting level (31 December 2025): ₹1.33 lakh
- All Time High (29 January 2026): ₹1.76 lakh
- present situation: From its highest level, gold has become cheaper by ₹ 30 thousand till now.
Crash in Silver: ₹3.86 lakh to ₹2.28 lakh
Silver has been more volatile than gold and has fallen sharply from its all-time high.
- Starting level (31 December 2025): ₹2.30 lakh
- All Time High (29 January 2026): ₹3.86 lakh
- Fall figure: In the last 63 days, silver has become cheaper by ₹ 1.58 lakh.
Main reasons for decline: Increased confidence in cash
Usually the prices of gold and silver increase in times of war, but this time the situation is different:
- Cash Saving: In the Middle East war, investors are avoiding risk and collecting cash by selling gold and silver, so that liquidity is maintained in uncertainty.
- Profit Booking: Large investors sold holdings at record prices in January, which increased supply and pushed prices down.
- Effect of interest rates: The tough stance of the US Federal Reserve has dimmed the shine of precious metals.
According to commodity expert Ajay Kedia, this decline in the prices of gold and silver may continue further. In such a situation, investors should avoid investing in gold and silver right now.
Keep these 2 things in mind while buying gold from jewelers
1. Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.
2. Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.
4 ways to identify real silver
- Magnet Test: Real silver does not stick to magnets. If it sticks then it is fake.
- Ice Test: Place ice on silver. Ice melts faster on real silver.
- Smell Test: Real silver has no smell. Fakes smell like copper.
- Cloth Test: Rub the silver with a white cloth. If a black mark appears then it is real.
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