Investors’ silver! Gold price increased by 420 rupees, this year gold has become expensive by 18 thousand
- So far gold has increased by Rs.18,000
- Pay attention to these 2 things while buying gold
- 4 Ways to Identify Real Silver
Gold prices rise : Gold and silver prices increased on April 24. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold rose by Rs 420 to close at Rs 1,51,479. Earlier, on April 23, its price was Rs 1,51,059 per 10 grams. Meanwhile, silver prices rose by Rs 3,229 to Rs 2,40,596 per kg. Its previous price on Thursday was Rs 2,40,596 per kg.
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This year, gold is expensive by Rs 18,000 and silver by Rs 10,000
So far in 2026, gold has increased by Rs.18,000. On December 31, 2025, the price of 10 grams of gold was Rs 1.33 lakh, which has now reached Rs 1.51 lakh. Silver has become expensive by Rs 10,000 this year. Silver price was Rs 2.30 lakh per kg on December 31, 2025, it has now increased to Rs 2.40 lakh.
On January 29, gold touched a high of Rs 1.76 lakh and silver touched a high of Rs 3.86 lakh. This means that gold has become cheaper by Rs 25,000 and silver by Rs 1.46 lakh since the peak.
Keep these 2 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric like AZ4524. Hallmarking indicates the carat of gold.
2. Check the price: Check the exact weight of the gold and its price on the day of purchase from several sources such as the India Bullion and Jewelers Association website. Gold prices vary according to 24 carat, 22 carat and 18 carat.
4 Ways to Identify Real Silver
Magnet Test: Real silver does not stick to a magnet. If it sticks, it’s fake.
Ice Test: Place ice on silver. Ice melts faster on real silver.
Smell Test: Real silver has no smell. Fake silver smells like copper.
Cloth Test: Rub the silver with a white cloth. If a black spot appears, it is genuine.
Expert opinion on gold-silver price and performance
Mr. Colin Shah, Managing Director, Kama Jewelery comments on gold price forecast and performance in FY 2026-27. After a strong rally in gold prices, geopolitical tensions in West Asia, rising oil prices and a strengthening US dollar have seen gold prices fall sharply recently. This has resulted in fluctuations in price movements as well as demand patterns. However, with the prospect of a ceasefire looming, demand will pick up again and gold prices are likely to rebound.
Consumers have great faith in gold
It has been proven time and time again that consumers have great faith in gold. As per current trends, it is not just a demand driven thing; Consumers are now shifting towards better quality jewellery. They are giving more importance to beauty and quality of jewelry than quantity.
The growth rate may be relatively slow
It is predicted that the demand for gold will remain strong even if the geopolitical risk is reduced. This underlines the importance of gold as a safe investment. Gold prices witnessed a bullish trend in the previous financial year and the same trend may continue in FY 2026-27, although the pace of growth may be relatively low.
Although global economic conditions may affect gold prices, the future outlook for gold is expected to remain positive. If the economy remains stable and positive, demand will continue, especially from the organized retail sector. Overall, gold prices are likely to go beyond the USD 5000 level in the current financial year.
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