The rise comes after a sharp fall in June, when gold became cheaper by ₹13,083 per 10 grams and silver by ₹34,057 per kilogram between 31 May and 30 June.

Monthly swing

The report says gold has become about ₹10,000 costlier so far in 2026, even though June saw a decline. Silver, by contrast, is slightly cheaper than it was at the end of 2025, though it has also seen strong swings this year.

Both metals hit major highs earlier this year, with gold reaching ₹1,76,000 and silver touching ₹3,86,000 at one point on 29 January, showing how volatile the market has been.

Buying tips

For gold, the report advises buying only BIS-hallmarked certified jewellery and cross-checking the day’s price from reliable sources before purchase. It also notes that gold rates vary by purity, such as 24-carat, 22-carat and 18-carat.

For silver, the story suggests simple checks such as the magnet test, ice test, smell test and cloth test to distinguish real silver from fake metal.

What it means

For consumers, today’s move means jewellery and bullion purchases have become more expensive again after last month’s correction. For investors, the sharp month-to-month swings suggest that precious metals remain highly sensitive to market conditions.