Archive · 2 Feb 2026
Gold and Silver Prices Drop in India
In India, the prices of gold and silver have gone down a lot in the last few days.
This has made more people want to buy them, especially silver.
Silver is cheaper than gold and is used for making jewelry, utensils, and statues.
Right now, silver costs about Rs 350 per gram.
People should be careful when buying silver jewelry.
They should check for a hallmark to make sure it's pure, look at the grades to know the quality, and compare making charges from different shops.
Also, they should get a proper bill for their purchase.
There's a type of silver called German silver that isn't real silver and isn't worth much, so it's better to avoid that.
Gold and silver prices in India have dropped sharply, increasing buying activity, with silver in higher demand.
Current silver price is approximately Rs 350 per gram or Rs 3,50,000 per kilogram as of February 1, 2026.
Buyers should check for BIS hallmarks to ensure purity when purchasing silver jewelry.
Silver comes in different grades, with 9999 and 9995 being the highest quality, and 925 (sterling silver) commonly used for jewelry.
Making charges for silver jewelry typically range from 10-20%, and buyers should compare these across shops to avoid overpaying.
- Who
- Indian buyers, especially during the wedding season
- What
- Drop in gold and silver prices, increased buying activity
- When
- Over the past two or three days, as of February 1, 2026
- Where
- India
- Why
- Falling prices, wedding season demand, investment purposes
- Current Silver Price
- Rs 350 per gram or Rs 3,50,000 per kilogram
- Highest Quality Silver Grades
- 9999 and 9995
- Jewellery Silver Grades
- 990 and 925
- Sterling Silver Purity
- 92.5%
- Making Charges for Silver Jewellery
- 10-20%
- German Silver Composition
- Brass or copper with silver coating
- Importance of Hallmark
- Ensures purity and resale value