Business Desk: The wedding season is at its peak in the country and at such a time, there is relief news for jewelery buyers. As soon as the bullion market opened on Monday, May 11, 2026, a big fall in gold prices was recorded. According to the latest report of Indian Bullions Jewelers Association (IBJA), today the price of 24 carat gold has fallen to ₹ 913 per 10 grams. However, unlike gold, silver prices have seen a slight rise. Experts believe that this change in prices is being seen amid the ongoing turmoil in the global market and domestic demand.
Latest gold price: 24 carat gold reaches close to ₹ 1.50 lakh
Today on Monday, the rate of 24 carat gold in the bullion market has fallen to ₹ 1,50,227 per 10 grams. Earlier in the last trading session (Friday evening), the price of gold had closed at ₹ 1,51,140. Talking about gold of other purity, the rate of 23 carat gold has been recorded at ₹ 1,49,677, the rate of 22 carat gold has been recorded at ₹ 1,37,654 and the price of 18 carat gold has been recorded at ₹ 1,12,708 per 10 grams. Last week, gold prices had increased by about ₹ 4,000, after which this fall is being seen as a buying opportunity for investors.
Silver shines: slight rise of ₹100
While gold prices have fallen, silver buyers may have to shell out a little more today. According to the Indian Bullions Jewelers Association, the rate of 1 kg silver has increased by ₹ 100 today to reach ₹ 2,55,300. On Friday, the price of silver was ₹2,55,200 per kg. Silver prices remained stable with slight gains due to sustained industrial demand and global cues.
PM Modi’s advice: Why avoid buying gold for 1 year?
Recently, during a rally, Prime Minister Narendra Modi made a unique appeal to the countrymen to avoid buying gold for the next 1 year. The main reason behind this advice is the country’s Forex Reserve It is believed. India imports most of its gold needs from abroad, for which it has to pay in dollars. The PM has made this call to preserve foreign exchange reserves amid the current global circumstances and war environment. However, India currently has enough reserves for 11 months of imports.
What should investors do? Opinion of market experts
Market analysts say that this fall in gold prices may be temporary. Ongoing international tensions and weakness of the rupee against the dollar may make gold more expensive in the long run. For those who want to buy for weddings, this fall of more than ₹900 is a good opportunity. However, from an investment perspective, digital gold or gold ETF can also be seen as an option.
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