Gold and silver prices are rising today, May 6, 2026. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has risen by ₹3,000 to ₹1.51 lakh (approximately $1.48 lakh).
On the other hand, the price of 1 kilogram of silver has risen by ₹6,000 to ₹2.46 lakh. Before this, it was 2.40 lakh. On January 29, gold had made an all-time high of Rs 1.76 lakh and silver had made an all-time high of Rs 3.86 lakh.
Gold costlier by Rs 18,000 and silver by Rs 16,000 this year
Gold has become costlier by ₹18,000 so far in 2026. On December 31, 2025, 10 grams of gold was priced at ₹1.33 lakh, which has now reached ₹1.51 lakh.
Silver has become costlier by ₹16,000 this year. On December 31, 2025, silver was priced at ₹2.30 lakh per kg, which has now increased to ₹2.46 lakh.
Remember these two things before buying Gold
- Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number may be alphanumeric, or something like this: AZ4524. Hallmarking indicates the carat of gold.
- Cross-check the price: Cross-check the exact weight of the gold and its price on the day of purchase with multiple sources (such as the India Bullion and Jewellers Association website). Gold prices vary depending on 24 carat, 22 carat, and 18 carat.
4 ways to identify genuine silver
- Magnet test: Real silver doesn’t stick to a magnet. If it does, it’s fake.
- Ice test: Place ice on the silver. Ice melts faster on real silver.
- Smell test: Real silver has no smell. Fake silver smells like copper.
- Cloth test: Rub the silver with a white cloth. If a black mark appears, it’s real.
