Gold and Silver Prices in India

May 14, 2026, 21:32
IndiaFinance

Introduction

The Indian government changed the rules for gold and silver. Now, fewer people are buying these metals.

Main Body

The government increased the tax on gold and silver from 6% to 15%. The Prime Minister asked people to stop buying gold for one year. This helps the country save money. Many shops in Zaveri Bazaar have fewer customers. One shop sold 20 items a day before. Now it sells only three items a day. Middle-class people do not buy new gold. They fix their old jewelry instead. Some people buy very small pieces of gold. Others wait for a better time.

Conclusion

The gold business is in a difficult time. Experts are trying to find a solution.

Learning

⚡ Quick Shift: Now vs. Before

Look at how the story compares the past and the present. This is the secret to talking about changes in English.

The Pattern:

  • Before →\rightarrow Something happened in the past.
  • Now →\rightarrow Something is happening today.

Examples from the text:

  • Before: One shop sold 20 items a day. →\rightarrow Now: It sells only three items.
  • Before: People bought gold. →\rightarrow Now: Fewer people are buying these metals.

Simple Tip: Use "Before" to describe the old situation and "Now" to show the new situation. It is the easiest way to tell a story about change.

Vocabulary Learning

government
The group that runs a country.
Example:The government made new rules about buying gold.
tax
Money that people pay to the government.
Example:The tax on gold increased from 6% to 15%.
Prime Minister
The leader of a country's government.
Example:The Prime Minister asked people to stop buying gold.
save
To keep money instead of spending it.
Example:The new rules help the country save money.
money
Paper or coins used to buy things.
Example:People want to keep their money for later.
shop
A place where people buy goods.
Example:Many shops in Zaveri Bazaar have fewer customers.
items
Things that can be sold or bought.
Example:The shop sold 20 items a day before.
difficult
Hard to deal with or understand.
Example:The gold business is in a difficult time.
experts
People who know a lot about a subject.
Example:Experts are trying to find a solution.
solution
A way to fix a problem.
Example:The experts hope to find a solution soon.