Silver prices decline ₹6,543 to ₹2.18 lakh/kg today:Gold rates drop by ₹1,907; silver becomes cheaper by ₹12,000 this year

Gold and silver prices have declined on July 28. One kilogram of silver has become cheaper by ₹6,543 to ₹2.18 lakh. Similarly, the price of 10 grams of 24-carat gold has fallen by ₹1,907 to ₹1.43 lakh, according to the India Bullion and Jewellers Association (IBJA). Gold prices according to carat Gold prices in major cities of the country Source: GoodReturns, 28 July 2026 Gold has seen a bullish trend so far this year The prices of gold and silver have been fluctuating this year. Gold has become expensive by ₹10,000 in 2026. Gold reached ₹ 1.43 lakh per 10 gm from above ₹1.33 lakh on 31 Dec 2025. Meanwhile, silver prices have fallen by ₹12,000 to ₹2.18 lakh this year. On 31 December 2025, silver prices were at 2.30 lakh per kg. On January 29, gold touched an all-time high of ₹1.76 lakh, while silver hit a record ₹3.86 lakh. Gold and silver price movement this year Note: Gold rates per 10 grams and silver price per kg | Source – IBJA Gold may reach ₹1.60 lakh this year According to commodity expert Ajay Kedia, gold and silver prices have come down significantly from their record highs. Kedia advises investors to avoid making lump-sum investments. He forecasts that by the end of the year, gold could once again reach ₹1.60 lakh and silver could reach ₹2.80 lakh.