Feb 8 • 06:14 UTC 🇮🇳 India Aaj Tak (Hindi)

Silver cheaper by ₹1.70 lakh, know how much 20, 22, and 24 carat Gold Rate is

Gold and silver prices have plunged, with silver decreasing by over ₹1.70 lakh from its peak and gold dropping by more than ₹38,000 per 10 grams.

The recent fluctuations in gold and silver prices have raised concerns among investors, particularly as these precious metals had seen a significant price increase leading up to the budget. However, there has been a stark reversal with prices crashing unexpectedly, with silver currently selling for more than ₹1.70 lakh less than its peak and gold dropping over ₹38,000 per 10 grams. The market analysis indicates that the prices are now much lower than the record highs experienced just the previous month.

Specifically looking at silver, it had been on a remarkable rise from the previous year until late January 2026, hitting an unprecedented high of ₹4,20,048 per kilogram. This surge had created a stir in the market, but since then, silver prices have started to decline, particularly after reaching these record levels. The decline began noticeably after March 5, and the recent week has seen significant decreases, prompting questions about the future of silver pricing.

Furthermore, as the prices of these precious metals fluctuate, investors are becoming increasingly worried about their investment strategies. With gold and silver having such volatile price movements, determining the right moment to buy, particularly for investors looking to purchase 20, 22, or 24-carat gold, has become essential. As the situation develops, it remains to be seen how these shifts in pricing will affect investor confidence and market stability going forward.

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