Gold and Silver Price Today: How much has the price of gold and silver fallen in the last one week? What impact can the increase in import duty by the Central Government have on the gold and silver market? What things are experts advising to pay attention to before investing in gold and silver?
Gold Silver Price Today: Gold and silver have long been an important part of the savings and investments of Indian households. From weddings to festivals, their demand always remains. But the changes seen in the bullion market in the last few days have attracted the attention of both investors and buyers.
There has been a significant decline in the prices of gold and silver during the last one week. While gold has become cheaper by Rs 2,106 per 10 grams, the price of silver has declined significantly by Rs 11,250 per kg. In such a situation, many people want to know whether this is the right opportunity to buy or whether the market may see further decline.
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What is the price of gold today?
According to the Indian Bullions and Jewelers Association (IBJA), the gold prices on June 5, 2026 were as follows:
- 24 carat gold: Rs 1,54,190 per 10 grams
- 23 carat gold: Rs 1,53,573 per 10 grams
- 22 carat gold: Rs 1,41,238 per 10 grams
- 18 carat gold: Rs 1,15,643 per 10 grams
- 14 carat gold: Rs 90,201 per 10 grams
In comparison, on June 2, 2026, the price of 24 carat gold was Rs 1,56,296 per 10 grams. This means that in just a few days the prices have fallen by Rs 2,106.
Big softening in the price of silver also
Along with gold, pressure has also been seen in the silver market. On June 5, 2026, the price of silver was recorded at Rs 2,54,950 per kg. There has been a decline of Rs 11,250 per kg compared to last week. Market experts believe that the effect of global economic conditions and reduction in demand is also visible on silver prices.
Government increased import duty
Government policies are also one of the major factors affecting gold and silver prices. Recently the Central Government has increased the import duty on gold and silver. Earlier, 6 percent import duty was applicable on these metals, which has been increased to 15 percent. This means that now on importing gold and silver, you will have to pay 9 percent more duty than before. Its effect can also be seen on the prices of the domestic market in the coming time.
What is the meaning of the Prime Minister’s appeal?
In view of the recent global economic situation, Prime Minister Narendra Modi has appealed to people to reduce the purchase of gold for a year. According to experts, India is among the largest gold importer countries in the world. In such a situation, large-scale import of gold can increase pressure on the country’s foreign exchange reserves. Amid high crude oil prices and global uncertainties, the government is paying special attention to preserving foreign exchange reserves.
Why did the bullion market cool down?
Bullion traders say that after the main wedding season ends, the demand in the market naturally reduces. Other than this:
- global economic uncertainty
- Cautious attitude of investors
- Limited purchases due to high prices
- change in import policy
Reasons like these are also being considered responsible for the slowness of the market.
Is this the right time to buy?
Financial experts believe that gold and silver are seen as long-term investments. Although the recent fall in prices may appear like an opportunity for buyers, investment decisions should always be taken keeping in mind your financial position, risk appetite and investment goals. Market fluctuations are affected by many domestic and international factors, hence it is not considered appropriate to invest just by seeing the fall in prices.
A new discussion has started in the market as the price of gold fell by Rs 2,106 and the price of silver by Rs 11,250 in a week. While buyers are seeing this as an opportunity, experts are still advising caution. In the coming days, global economic conditions, government policies and the level of demand will decide in which direction gold and silver prices will move.
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Disclaimer: This article is for general information purposes only. This should not be considered investment advice. Be sure to consult a financial expert before taking any investment decision.