Knews Desk– A fall in the prices of gold and silver has been recorded in the Indian bullion market on Tuesday, which has brought relief to buyers and investors. According to the latest data released by India Bullion and Jewelers Association, the prices of both the precious metals have come down on May 5, 2026.
According to the rates released on the official website ibjarates.com, gold of 999 purity i.e. 24 carat has fallen to Rs 1,47,557 per 10 grams. This price is lower than before, which may increase the buying possibilities in the market.
At the same time, the rate of 995 purity i.e. 23 carat gold has been recorded at Rs 1,46,966 per 10 grams. Apart from this, 22 carat gold has also become cheaper and has reached the level of around Rs 1,35,000 per 10 grams. This fall is considered beneficial for those consumers who are planning to buy gold for marriage or investment purposes.
A decrease in silver prices has also been seen. According to the latest data, the price of silver has now fallen below Rs 2,40,000 per kg. This fall in silver prices is also believed to be related to industrial demand and fluctuations in the global market. Experts say that the softening of prices in the international market and the position of the rupee against the dollar have affected the domestic market. Due to this, there is a decline in the prices of both gold and silver.
However, market experts believe that this fall in prices may be temporary. In the coming days, changes in prices may be seen again depending on global economic conditions, interest rates and geopolitical events. At present, this decline in the bullion market has definitely given some relief to the consumers and this time is considered favorable for purchasing.
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