Gold-silver rates: Relief for gold buyers, silver price also decreased by more than Rs 16,000

Mumbai. There was a big fall in the prices of gold and silver on Friday. Due to this, the price of gold has decreased by Rs 1.53 lakh per 10 grams and the price of silver by Rs 2.43 lakh per kg. According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has decreased by Rs 2,885 to Rs 1,52,765 per 10 grams, which was earlier Rs 1,55,650 per 10 grams.

The price of 22 carat gold has decreased from Rs 1,42,575 per 10 grams to Rs 1,39,933 per 10 grams. The price of 18 carat gold has decreased from Rs 1,16,738 per 10 grams to Rs 1,14,574 per 10 grams. There has also been a decline in the price of silver. The price of silver has decreased by Rs 16,700 to Rs 2,42,433 per kg, which was earlier Rs 2,59,133 per kg.

Prices are released by IBJA twice a day at 12 noon and 5 pm. Unlike the spot market, gold and silver prices have seen a rise in the futures market. The price of gold contract for April 2, 2026 has increased by 0.70 percent to Rs 1,53,900.

The price of silver contract for March 5, 2026 has increased by 2.86 percent to Rs 2,43,200. Gold and silver are trading rapidly in the international markets. Till the time of writing the news, gold was up by 0.85 percent at $ 4,989 an ounce and silver was at $ 77 an ounce with an increase of about 2.07 percent.

Jatin Trivedi of LKP Securities said that after yesterday’s sharp fall, gold traded with a rise on MCX. The resistance level for gold remains Rs 1,60,000. If gold continues to trade below 1,56,000, it can also test its support of 1,51,000. He further said that investors will be eyeing the US inflation data, which will be released on Friday evening and this will determine the future prices of gold.