gold prices
There has been a big fall in the prices of gold and silver today on June 10. The price of gold has decreased by Rs 2,058 and the price of silver has decreased by Rs 3,351. Due to pressure in the international market and selling by investors, precious metals have become cheaper in both retail and futures markets. If you were planning to invest in gold and silver for a long time or buy jewelery for home, then this fall in prices can be a great buying opportunity for you.
Why did the market fall so much?
Amidst the ups and downs in the market for the last few days, the shine of gold and silver has seemed to be fading a bit. Market experts believe that due to international signals there is pressure on precious metals. In the international market, gold prices have fallen by $ 160 per ounce and silver by $ 4.4 per ounce. This global movement has directly affected the Indian markets. Investor caution and selling pressure have pulled the prices down today. This decline is not only being seen in the futures market, but has also brought relief to the common buyers in the retail market.
New prices of gold and silver in retail market
For common buyers who want to invest their savings in gold, it is very important to know today’s rates. In the retail market, gold has fallen by Rs 2,090 to the level of Rs 1,50,510 per 10 grams. At the same time, big relief has been seen in silver also. Silver has become cheaper by Rs 2,800 and is trading at Rs 2,36,210 per kg. These prices are like an opportunity for those who were postponing purchases due to high prices. Keep in mind that there may be a slight difference in the price due to local taxes and jewelery making charges in different cities.
MCX and futures trading status
If we talk about the futures market i.e. MCX, there too the downward trend is clear. Gold for delivery on August 5, 2026 has reached Rs 1,50,448 per 10 grams with a weakness of 1.31 percent. At the same time, a decline of 1.40 percent has been seen in the futures price of silver, due to which silver for July delivery is trading at Rs 2,35,657 per kg. Market experts say that this pressure remains at present due to international trends and slowdown in domestic demand.
Keep these things in mind before purchasing
Buying gold and silver is always considered an investment, but always buy from trusted jewelers. Today’s fall may be a good news, but considering the volatility of the market it is important to be cautious. Before investing, be sure to check the latest rates of your city, because in every city there is a slight difference in the prices of gold and silver according to the purity and demand. For those who want to invest for the long term, this softening of the market can prove to be a better entry point.
What is the gold rate in your city?
| City | 24 carat (₹/gram) | 22 carat (₹/gram) | 18 carat (₹/gram) |
| Chennai | ₹15,492 | ₹14,201 | ₹11,921 |
| Mumbai | ₹15,317 | ₹14,041 | ₹11,488 |
| Delhi | ₹15,332 | ₹14,056 | ₹11,503 |
| Kolkata | ₹15,317 | ₹14,041 | ₹11,488 |
| Bengaluru | ₹15,317 | ₹14,041 | ₹11,488 |
| Hyderabad | ₹15,317 | ₹14,041 | ₹11,488 |
| Kerala | ₹15,317 | ₹14,041 | ₹11,488 |
| Pune | ₹15,317 | ₹14,041 | ₹11,488 |
| Vadodara | ₹15,322 | ₹14,046 | ₹11,493 |
| Ahmedabad | ₹15,322 | ₹14,046 | ₹11,493 |
Source Good Returns
Silver price in your city?
| City | 10 grams silver (₹) | 100 grams silver (₹) | 1 kilogram silver (₹) |
| Chennai | 2,699 | 26,990 | 2,69,900 |
| Mumbai | 2,599 | 25,990 | 2,59,900 |
| Delhi | 2,599 | 25,990 | 2,59,900 |
| Kolkata | 2,599 | 25,990 | 2,59,900 |
| Bengaluru | 2,599 | 25,990 | 2,59,900 |
| Hyderabad | 2,699 | 26,990 | 2,69,900 |
| Kerala | 2,699 | 26,990 | 2,69,900 |
| Pune | 2,599 | 25,990 | 2,59,900 |
| Vadodara | 2,599 | 25,990 | 2,59,900 |
| Ahmedabad | 2,599 | 25,990 | 2,59,900 |
Source Good Returns
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
