Gold and silver prices moved higher on July 27, with both precious metals witnessing fresh gains in the domestic bullion market. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold rose by ₹751 to ₹1.45 lakh per 10 grams, while silver gained ₹2,050 to reach ₹2.25 lakh per kilogram.
The latest rally comes after weeks of price volatility, with analysts maintaining a bullish outlook for precious metals despite recent corrections from record highs.
Gold Up ₹12,000 So Far This Year
Gold has delivered strong returns in 2026. On December 31, 2025, 24-carat gold was trading at around ₹1.33 lakh per 10 grams. With the latest increase, prices have climbed by nearly ₹12,000 this year.
Silver, however, remains below its year-end level. It has declined by around ₹5,000 per kilogram, slipping from ₹2.30 lakh to ₹2.25 lakh.
Earlier this year, precious metals touched record highs, with gold reaching ₹1.76 lakh per 10 grams and silver hitting ₹3.86 lakh per kilogram on January 29.
Gold Could Touch ₹1.60 Lakh This Year
Commodity market expert Ajay Kedia believes the correction from all-time highs presents an opportunity for long-term investors. He advises investors to avoid lump-sum investments and instead adopt a staggered investment approach.
According to Kedia, gold could rebound to ₹1.60 lakh per 10 grams, while silver may climb to ₹2.80 lakh per kilogram before the end of the year if global market conditions remain supportive.
Things to Check Before Buying Gold
Before purchasing gold jewellery or coins, buyers should keep these points in mind:
Buy only BIS Hallmarked Gold: Ensure the jewellery carries a Bureau of Indian Standards (BIS) hallmark with a unique alphanumeric code that certifies purity.
Verify Daily Gold Rates: Compare the jeweller's quoted price with the latest IBJA gold rates, as prices differ based on 24K, 22K, and 18K purity.
How to Identify Genuine Silver
You can perform these simple checks to verify silver:
Magnet Test: Genuine silver does not stick to a magnet.
Ice Test: Ice melts quickly on real silver because of its high thermal conductivity.
Smell Test: Authentic silver has no odor, while fake silver may have a copper-like smell.
Cloth Test: Rubbing silver with a white cloth may leave a black mark due to natural oxidation, indicating genuine silver.
Meta Apologises for Removing PM Modi's Video, Blames Technical Glitch After Government Summons
Meta has apologized after a Facebook video featuring Prime Minister Narendra Modi was temporarily
India's Asian Games judo squad selection has triggered questions after Commonwealth Games gold me
NSE IPO 2026: SEBI Gives Green Signal to ₹30,000 Crore Mega IPO; 14.89 Crore Shares Up for Sale
The National Stock Exchange of India (NSE) has received the much-awaited regulatory approval from
Reliance Power Shares Surge: What’s Driving the Massive Rally After Stock Fell to ₹24?
Reliance Power shares gained around 3% in early trading, touching ₹25.30, after the Anil Ambani
Ishan Kishan 270: Double-Century Blitz Powers East Zone to 708 in Duleep Trophy Final
Ishan Kishan produced a sensational batting performance in the Duleep Trophy 2026 final, smashing
Nothing's sub-brand CMF has unveiled the new CMF Clip Pro earbuds, grabbing attention with their
Samsung Galaxy F70 5G Price in India: 50MP OIS Camera, Gorilla Glass Victus and Features
Samsung has expanded its smartphone portfolio in India with the launch of the Galaxy F70 5G, a ne
Para Asian Games 2026: Sumit Antil, Avani Lekhara Lead India’s Medal Hopes
The Asian Para Games 2026 are underway in Aichi-Nagoya, Japan, with India aiming to build on its
IND W vs SL W: Shafali-Mandhana Star as India Beat Sri Lanka by 72 Runs, Win 8th Asia Cup Title
India Women produced a dominant all-round performance to defeat Sri Lanka by 72 runs in the Women
SpaceX Rocket Crashes Into Moon at 8,690 Km/h: NASA Says No Threat to Earth
An uncontrolled upper stage of a SpaceX Falcon 9 rocket has crashed into the Moon after drifting
