Gold prices rise by Rs 6,471 to Rs 1.46 lakh this week, silver rises by Rs 17,317 to Rs 2.34 lakh

Gold and silver prices rose this week. Gold prices fell by Rs 6,471 to Rs 1.46 lakh per 10 grams. Earlier, it was at Rs 1.40 lakh last week i.e. on June 25. At the same time, silver rose to Rs 2.34 lakh per kg from Rs 2.17 lakh per kg. That is, its price increased by Rs 17,317. Gold and silver prices have fallen well below all-time highs, so this boom has come due to investors buying at lower levels. Gold prices are priced at Rs 13,145 and silver at Rs 3,438 this year. In 2026, gold has become more expensive by Rs 13,145 and silver by Rs 3,438. 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 2.34 lakh. During this period, gold hit an all-time high of Rs 1.76 lakh and silver hit an all-time high of Rs 3.86 lakh on January 29. 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