Gold and Silver Prices Fall: Latest Rates and Major Price Drops
Gold and Silver Prices Fall has become important news for customers planning to purchase jewellery during the festive season. Gold and silver prices have declined continuously over the past four days, offering some relief to buyers. According to the reported data from the India Bullion and Jewellers Association (IBJA), both precious metals have recorded significant price reductions in recent days.
Gold prices have dropped by ₹4,297 over four days, while silver prices have declined by ₹17,503 during the same period. Silver has also fallen below ₹2 lakh per kilogram in the IBJA data, marking a notable change after months of high prices.
Gold and Silver Prices Fall Below Recent Highs
The recent decline in gold and silver prices comes after substantial increases earlier in 2026. Silver prices had surged from ₹2,30,000 per kilogram on December 31, 2025, to ₹3,82,000 on January 29, 2026. Since that peak, the price has fallen considerably.
Gold prices have also experienced significant fluctuations. In December 2025, gold was priced at approximately ₹1,33,000 per 10 grams. Its price increased to around ₹1,77,000 in January 2026 before declining in the following months.
Latest Gold and Silver Prices in the Report
The following table summarises the reported prices and recent changes in the precious metals market.
| Precious Metal | Purity or Unit | Reported Price | Recent Price Change |
|---|---|---|---|
| Gold | 24-carat, 10 grams (IBJA data) | ₹1,41,000 | Down ₹1,024 in the reported session |
| Silver | 1 kilogram (IBJA data) | ₹1,94,000 | Down ₹5,377 in the reported session |
| Gold | 24-carat, 10 grams (Bhubaneswar) | ₹1,47,480 | Down ₹1,900 |
| Gold | 22-carat, 10 grams (Bhubaneswar) | ₹1,35,200 | Down ₹1,750 |
| Silver | 1 kilogram (Bhubaneswar) | ₹2,15,000 | Down ₹15,000 over four days |
Note: These are prices reported in the supplied news report, not independently verified live rates. IBJA benchmark prices and local retail jewellery prices may differ. Taxes, making charges and other applicable costs can affect the final purchase price.
Gold Prices Drop Sharply in Bhubaneswar
According to the report dated October 23, gold prices in Bhubaneswar declined significantly. The price of 10 grams of 24-carat gold fell by ₹1,900 to ₹1,47,480. Meanwhile, 22-carat gold became cheaper by ₹1,750, reaching ₹1,35,200 per 10 grams.
Gold prices in the city have reportedly declined continuously since October 20. Over four days, 24-carat gold fell by ₹5,570, while 22-carat gold dropped by ₹5,100. These changes are particularly relevant for customers planning jewellery purchases during the festive period.
Silver Prices Fall Below ₹2 Lakh per Kilogram
One of the major developments is the decline in silver prices below ₹2 lakh per kilogram in the IBJA data. Silver was reported at ₹1,94,000 per kilogram after falling by ₹5,377 in the latest session.
The metal had reached ₹3,82,000 per kilogram in January 2026, following a price of ₹2,30,000 at the end of December 2025. The subsequent decline highlights the considerable volatility in the precious metals market.
However, the reported silver rate in Bhubaneswar was ₹2,15,000 per kilogram. This difference shows why buyers should check the applicable local rate and the pricing basis before making a purchase.
What Should Buyers Know Before Purchasing Gold and Silver?
The recent fall in gold and silver prices may encourage some customers to consider buying jewellery, coins or other precious metal products. However, market prices can change quickly, and a decline over several days does not guarantee that prices will continue falling.
- Check the latest rate: Confirm the price with a trusted jeweller before purchasing.
- Verify purity: Check the stated gold carat and applicable hallmark details.
- Compare final costs: Ask about making charges, taxes and other applicable fees.
- Compare local prices: Benchmark rates may differ from retail jewellery prices.
- Keep the bill: Retain the invoice and product details for future reference.
What Happens Next?
Gold and Silver Prices Fall has brought attention to the latest precious metals market trends ahead of the festive season. The reported figures show a substantial four-day decline in both metals, with silver moving below ₹2 lakh per kilogram in the IBJA data. In Bhubaneswar, gold prices also recorded notable reductions, while the reported local silver price remained higher than the IBJA benchmark.
Customers should check current local rates and the final jewellery cost before purchasing. Since gold and silver prices are volatile, buyers should make decisions according to their needs and budget rather than relying only on short-term price movements.
More Information: Silver Price Today Live
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