Silver fell by ₹4,408 to ₹2.29 lakh:Gold down ₹1,442 to ₹1.44 lakh; June loss reaches ₹15,000

There is a fall in gold and silver prices today, July 7. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹1,442 to ₹1.44 lakh. Meanwhile, the price of 1 kg of silver has fallen by ₹4,408 to ₹2.29 lakh. Before this, gold and silver saw a decline last month, i.e., June. Last month, gold became cheaper by ₹15,000 and silver by ₹38,000. Silver fell by ₹1.57 lakh this year This year, gold and silver prices have been continuously fluctuating. On December 31, 2025, gold prices were ₹1.33 lakh, which rose to their highest level of ₹1.76 lakh on January 29. Since then, gold has become cheaper by ₹32,000. Meanwhile, the price of silver was ₹2.30 lakh on December 31, 2025, which had reached ₹3.86 lakh on January 29. These were the highest prices for silver ever. Since then, in 159 days, silver has become cheaper by ₹1.57 lakh. Reasons for the fall in gold and silver prices Keep these 2 things in mind when buying gold from jewelers 4 ways to identify real silver ​