New Delhi. There has been a huge fall in the prices of gold and silver on Monday 31st August. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 4,453 to Rs 1.55 lakh. At the same time, the price of one kg silver has fallen by Rs 8,437 to Rs 2.35 lakh today. The price of silver has fallen by Rs 1.51 lakh in 7 months.
Read :- Silver Gold Price Today: Gold and silver move slow on MCX, know today's rates
According to experts, gold and silver have declined due to the rise in the price of crude oil. America has attacked an Iranian island in the Strait of Hormuz. Iran also attacked US bases in Jordan.
Silver slips by Rs 1.51 lakh from all-time high
This year, there are continuous fluctuations in the prices of gold and silver. On December 31, 2025, the price of gold was Rs 1.33 lakh, which increased to the highest level of Rs 1.76 lakh on January 29. Since then, gold has become cheaper by Rs 21 thousand.
At the same time, the price of silver was Rs 2.30 lakh on 31 December 2025, which reached an all-time high of Rs 3.86 lakh on 29 January. Since then, silver has become cheaper by Rs 1.51 lakh.