Gold prices rise by Rs 3,104 to Rs 1.46 lakh today: Price rises by Rs 4,686 thousand in four days, silver rises by Rs 4,504 to Rs 2.33 lakh/10gm

Gold and silver prices rose for the fourth consecutive day on July 3. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by Rs 3,104 to Rs 1,46,107 per 10 grams. Earlier on Thursday, it was priced at Rs 1,43,003 per 10 grams. At the same time, silver rose by Rs 4,504 to Rs 2,33,354 per kg. Earlier, on June 2, it was priced at Rs 2,28,850 per kg. In the last four days, gold has become costlier by Rs 4,686 and silver by Rs 13,374. Earlier on Monday, gold was trading at Rs 1.41 lakh and silver at Rs 2.2 lakh. Gold prices are priced at Rs 12,908 and silver at Rs 2,934 this year. Gold has become costlier by Rs 12,908 and silver by Rs 2,934 so far in 2026. On December 31, 2025, the price of 10 grams of gold was Rs 1.33 lakh, which has now gone up to Rs 1.46 lakh. On the other hand, silver was priced at Rs 2.30 lakh per kg on December 31, 2025, which has now reached Rs 2.33 lakh. On January 29, gold hit an all-time high of Rs 1.76 lakh and silver hit an all-time high of Rs 3.86 lakh. Import duty on Gold and Silver increased from 6% to 15% The Central Government has increased the duty on import of gold and silver from 6% to 15% in May, 2026. The aim is to reduce foreign purchases and reduce the pressure on the country's foreign exchange reserves. The government has imposed 10% basic customs duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. Thus the total effective tax has gone up to 15%. Earlier in the Budget 2024, Finance Minister Nirmala Sitharaman had reduced the import duty from 15% to 6%. Apart from this, the government has removed gold, silver and platinum jewellery from the 'free' category and placed it in the 'restricted' category. This is having a direct impact on the supply of the market, due to which the prices of gold and silver are rising. According to a notification issued by the Directorate General of Foreign Trade (DGFT), now a special license or permission will have to be obtained from the government to import jewellery made of these precious metals from any country. The government has taken this step to prevent the misuse of Free Trade Agreements (FTAs). Here are 2 things to keep in mind when buying gold from jewellers. Buy only certified gold: Always buy certified gold that is hallmarked by the Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. AZ4524. Hallmarking shows how many carats of gold it is. 2. Cross check the price: Cross-check the actual weight of gold and its price on the day of purchase from several sources (such as the website of the India Bullion and Jewellers Association). The price of gold varies in 24 carats, 22 carats and 18 carats. 4 Ways to Identify Genuine Silver