Gold Price Today: Gold Falls ₹678 to ₹1.45 Lakh, Down ₹31,516 from Record High; Silver Slips ₹2,980

Gold Price Today: Gold and silver prices extended their decline on July 23, according to data released by the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell by ₹678 to ₹1.45 lakh per 10 grams, while silver prices declined by ₹2,980, taking the rate to ₹2.22 lakh per kilogram.

Gold Down ₹31,516 from Record High

Despite strong gains earlier this year, gold prices have corrected significantly. Gold was priced at around ₹1.33 lakh per 10 grams on December 31, 2025, before touching an all-time high of ₹1.76 lakh on January 29. Since that peak, gold has declined by ₹31,516, reflecting profit booking and changing global market trends.

Silver Slumps ₹1.63 Lakh from All-Time High

Silver has experienced an even sharper correction. After reaching a record ₹3.86 lakh per kilogram on January 29, the precious metal has fallen to ₹2.22 lakh, marking a decline of approximately ₹1.63 lakh over the past 175 days.

Experts Expect Gold and Silver to Recover

Commodity market expert Ajay Kedia believes the recent correction presents an opportunity for long-term investors. However, he advises against making lump-sum investments, recommending a staggered investment approach instead.

According to Kedia's outlook, gold could climb back to ₹1.60 lakh per 10 grams by the end of the year, while silver may recover to ₹2.80 lakh per kilogram, supported by global economic uncertainty, central bank buying, and investment demand.

Investment Strategy

Market experts suggest investors adopt a systematic investment approach rather than investing all at once, as bullion prices may remain volatile in the short term before resuming their long-term upward trend.