Gold Silver Investment: Silver fell again today, gold reached Rs 1.51 lakh, know the latest price?

Gold Silver Investment: Silver prices fell for the fourth consecutive trading day today, February 17. According to India Bullion and Jewelers Association (IBJA), the price of one kilogram of silver fell by Rs 6,667 to Rs 2,34,280 per kg. Earlier on Monday, the price of silver was Rs 2,40,947 per kg.

The price of 10 grams 24 carat gold today fell by Rs 2,903 to Rs 1,51,195. Earlier on Monday it was Rs 1,54,098 per 10 grams. However, in the last four trading days, silver has become cheaper by Rs 32,169 and gold by Rs 6,127. On January 29, in the bullion market, gold had reached an all-time high of Rs 1,76,121 and silver had reached an all-time high of Rs 3,85,933. Since then gold has become cheaper by Rs 24,926 and silver by Rs 1,51,653.

Why do rates differ across cities?

IBJA Gold Price does not include 3% GST, making charge and jeweler’s margin. Therefore, rates vary across cities. RBI uses these rates to decide the rates of sovereign gold bonds. Many banks use these to decide gold loan rates.

In 2025, gold will become costlier by 75% and silver by 167%. The price of gold will increase by Rs 57,000 (75%) in 2025. On December 31, 2024, the price of 10 grams of 24 carat gold was Rs 76,162, which increased to Rs 1,33,195 on December 31, 2025. During this period, the price of silver increased by ₹ 1.44 lakh (167%). On December 31, 2024, the price of one kilogram of silver was ₹ 86,017, which increased to ₹ 2,30,420 per kilogram on the last day of the year.

Keep these two things in mind while buying gold

1. Buy Certified Gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, or something like: AZ4524. Hallmarking indicates the karat of the gold.
2. Cross-check the price: 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, it is fake.
• Ice Test: Place ice on silver. Ice will melt very quickly on real silver.
• Smell Test: Real silver has no smell. Fake silver may smell like copper.
• Cloth test: Rub the silver with a white cloth. If a black mark is visible, it is genuine.