# Precious Metals Slide in Rajasthan as Silver Plunges Below Half Its Record High and Gold Drops > In the Jaipur bullion market, silver dropped by 7,200 rupees to 1,84,800 rupees per kilogram while 24-karat gold declined by 3,000 rupees to 1,42,000 rupees per 10 grams. **Type:** article · **Category:** Business · **Published:** 2026-11-01 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/business/rajasthan-men-kimati-dhatuon-men-bhari-mndi-silver-rikorda-unchai-se-adhi-hui-aura-gold-bhi-phisala-54214 · **Language:** English **Tags:** Gold Silver Price, Jaipur Bullion Market, Silver Price Drop, Gold Rates Today, 24k Gold, 22k Gold, Rajasthan News A sharp downturn has hit the precious metals market in Rajasthan, causing substantial movement across trading counters. Fresh trading figures released by the Jaipur Sarafa Traders Committee reveal that silver prices plunged by nearly 4 percent within a single session. This steep slide has pushed silver down to its lowest price point recorded so far in the year 2026. The rate for 999 purity silver retreated to 1,84,800 rupees per kilogram, registering a direct decline of 7,200 rupees per kilogram compared to the trading levels marked on Friday. ## Silver Drops by More Than Half from Peak Levels The extent of this drop becomes even more striking when contrasted with the unprecedented highs recorded earlier in the year. Back in January 2026, silver staged a historic rally that took its spot price past 4,00,000 rupees per kilogram. Following consistent fluctuations and downward pressure, the metal is now changing hands at 1,84,800 rupees per kilogram. This indicates that silver has shed more than half of its total valuation compared to its peak reached in January. On a single-day basis, the 7,200 rupees markdown represents a drop of approximately 3.75 percent from Friday's closing levels. ## Pure Gold Declines by 3,000 Rupees per 10 Grams Gold trading tracked a similar downward pattern alongside the drop in silver. The price of 24-karat pure gold fell by 3,000 rupees per 10 grams compared to Friday, settling down at 1,42,000 rupees. The sudden drop in spot rates offers welcome relief to wedding shoppers and retail jewelry buyers who had been contending with persistent highs. Bullion traders, however, continue to closely monitor the trajectory of spot prices as market volatility remains elevated. ## Jewelry Grade Gold Softens Amid Market Influences The softening trend extended directly to jewelry grade gold as well. In Jaipur, 22-karat gold used in manufacturing ornaments eased to 1,31,400 rupees per 10 grams, confirming broad-based weakness across both gold and silver categories. Daily price adjustments in the bullion market stem from key underlying dynamics including international spot market shifts, movements in the US dollar index, and ongoing buying and selling decisions by institutional investors. Because spot bullion quotes change each morning, retail customers are advised to verify real-time metal rates alongside applicable making charges and goods and services tax with their jeweler before completing any purchase. ## What this means for you This significant decline in precious metals prices creates an immediate window for retail buyers to lower their jewelry acquisition costs while signaling caution for investors. - **Across India:** Retail jewelry customers benefit from reduced headline rates across gold and silver categories following domestic spot price revisions. Precious metals investors, however, face mounting portfolio valuation pressure following continuous drawdowns from historic highs. - **In Jaipur:** Buyers in Jaipur now face local quotes of 1,42,000 rupees per 10 grams for 24-karat gold and 1,84,800 rupees per kilogram for silver. Those shopping for traditional ornaments can secure 22-karat jewelry grade gold at the newly revised rate of 1,31,400 rupees per 10 grams plus taxes. - **For Jewelry Shoppers:** The drop lowers the net outlay required for both plain metal bullion and customized ornaments. Shoppers should directly confirm making charges and applicable GST with local jewelers to gauge the final invoice amount. - **For Precious Metal Investors:** Investors who entered silver around its January 2026 record high of 4,00,000 rupees per kilogram are now looking at paper losses exceeding 50 percent. Meanwhile, prospective buyers are evaluating whether the 2026 low represents a stabilizing consolidation floor. ## Why this happened The sudden downward pressure across domestic precious metals prices is driven by an interplay of global currency trends and active trading sentiment. - **Global Spot and Dollar Influence:** Local bullion rates react directly to trading trends on international exchanges alongside movements in the US dollar index. Shifts in currency strength routinely reshape cross-border commodity valuations and investor appetite for bullion assets. - **Institutional Buying and Selling:** Large-scale transactions by funds and institutional market participants directly sway spot market liquidity. Accelerated selling activity or profit-taking triggers sharp corrections across major wholesale trading centers. - **Correction from Unprecedented Peaks:** After silver surged past 4,00,000 rupees per kilogram in January 2026, extended market corrections set in across subsequent quarters. The erosion of high-level speculative interest has steadily dragged prices back toward normalized valuation channels. ## Questions & Answers ### 1. What is the latest silver price recorded in Jaipur? According to the Jaipur Sarafa Traders Committee, 999 purity silver is priced at 1,84,800 rupees per kilogram. ### 2. How much did silver drop in a single day? Silver prices dropped by 7,200 rupees per kilogram, reflecting a single-day decline of approximately 3.75 to 4 percent. ### 3. How far has silver fallen from its peak in January 2026? After surpassing 4,00,000 rupees per kilogram in January 2026, silver has plunged by more than half to 1,84,800 rupees. ### 4. What is the revised price for 24-karat pure gold in Jaipur? The price of 24-karat gold declined by 3,000 rupees to reach 1,42,000 rupees per 10 grams. ### 5. What is the current rate for 22-karat jewelry grade gold? The rate for 22-karat gold used in making jewelry stands at 1,31,400 rupees per 10 grams in Jaipur. ### 6. What additional charges should buyers verify before purchasing jewelry? Buyers should confirm real-time metal prices along with applicable making charges and GST with their local jeweler. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._