Jaipur — Following the ceasefire announcement between Iran and Israel, gold and silver prices saw a significant drop in the domestic market. According to the Jaipur Sarafa Committee, standard gold prices fell by ₹1,300 per 10 grams, while silver slipped by ₹900 per kilogram, settling at ₹1,09,000/kg.
In Jaipur, the price of 24-carat gold has come down to
₹1,00,200 per 10 grams. Meanwhile, 22-carat gold is now priced at ₹93,500,
18-carat at ₹78,100, and 14-carat gold is available at ₹62,100 per 10 grams.
The price of refined silver has also declined to ₹1.09 lakh per kilogram.
Sarafa trader Sushil Jain explained that the recent conflict
between Iran and Israel had led to market uncertainty and rising gold and
silver rates. However, after the ceasefire announcement, the market witnessed a
downward trend. “The ceasefire has brought some relief to the global markets.
As investor panic eases, the prices of precious metals are correcting. This
fall may continue for the next few days,” Jain said.
Before You Buy Gold — Keep These 3 Tips in Mind:
Buy Certified Gold Only:
Always opt for BIS-certified gold, which includes a unique 6-digit Hallmark
Unique Identification Number (HUID), such as AZ4524. This helps ensure the
purity of the gold you're purchasing.
Cross-Check Prices:
Verify the weight and price of the gold you're buying through reliable sources
like the India Bullion and Jewellers Association (IBJA). Note that gold prices
differ based on purity — 24K, 22K, and 18K all carry different rates.
Avoid Cash Transactions, Always Take a Bill:
Use digital payment methods like UPI or cards instead of cash, and make sure to
get a proper bill. If you're ordering online, check the packaging and hallmark
details upon delivery.
With gold and silver prices fluctuating post-ceasefire,
traders suggest consumers should stay alert, informed, and cautious before
investing in precious metals.