Gold Silver Price Today: Silver Drops ₹1,920 to ₹2.34 Lakh, Gold Near ₹1.54 Lakh; Check Latest Rates

Gold and silver prices declined in the domestic market on Tuesday, August 18. According to the India Bullion and Jewellers Association (IBJA), the price of silver fell ₹1,920 per kg to ₹2.34 lakh, while the price of 24-carat gold declined by ₹5 to ₹1.54 lakh per 10 grams.

Despite today's decline, both precious metals remain significantly higher than their levels at the end of 2025.

Gold Price Today: ₹21,000 Rise So Far in 2026

Gold has delivered a strong gain so far this year despite considerable volatility. On December 31, 2025, the price of 10 grams of gold stood above ₹1.33 lakh. It has now climbed to around ₹1.54 lakh, representing an increase of approximately ₹21,000.

During the year, gold also touched an all-time high of around ₹1.76 lakh per 10 grams on January 29.

Silver Price Today: Down ₹1,920, But Still Higher Than December Level

Silver also witnessed a decline today. According to the IBJA data provided, silver fell by ₹1,920 per kg to ₹2.34 lakh.

Despite today's fall, silver remains around ₹4,000 higher than its December 31, 2025 level of ₹2.30 lakh per kg. The metal had reached an all-time high of approximately ₹3.86 lakh per kg on January 29.

Gold and Silver Prices: Key Figures

Precious Metal  December 31, 2025   August 18, 2026    Change

24K Gold, 10g ₹1.33 lakh+ ₹1.54 lakh About ₹21,000 higher

Silver, 1kg ₹2.30 lakh ₹2.34 lakh About ₹4,000 higher

Gold's 2026 high — ₹1.76 lakh January 29

Silver's 2026 high — ₹3.86 lakh January 29

Rates are based on the figures provided and can vary by market, purity, taxes and jewellery-making charges.

What Should You Check Before Buying Gold?

Consumers should take a few precautions before purchasing gold jewellery.

1. Buy BIS-hallmarked gold:

Check that the jewellery carries the appropriate BIS hallmark and verify the hallmark details before making a purchase. Hallmarking helps establish the declared purity of the gold.

2. Compare the day's gold rate:

Gold prices vary according to purity, including 24-carat, 22-carat and 18-carat gold. Before buying, check the prevailing bullion rate and compare the jeweller's quoted price. Also verify the net weight and applicable making charges.

Gold Silver Price Today: What Investors Should Know

Today's decline in gold and silver prices comes after both precious metals recorded substantial gains during the year. Short-term price movements can be influenced by international bullion prices, currency movements, interest-rate expectations, geopolitical developments and domestic demand.

For jewellery buyers, a one-day movement may have limited significance, while investors should consider their investment horizon and risk tolerance before making a decision.