Gold and silver prices remained under pressure in the domestic market for the second consecutive session, as both precious metals extended their losing streak. The gold price today witnessed a notable decline due to global uncertainty, fluctuating crude oil rates, and weak investor sentiment.
Market experts noted that the gold price today is reacting to broader international trends, including geopolitical tensions and volatility in energy markets, which continue to influence safe-haven demand.
Gold price today sees sharp fall across cities
In the last two trading sessions, the gold price today dropped by ₹1,050 per 10 grams for 24-carat gold, while 22-carat gold fell by ₹960 per 10 grams. This follows an earlier correction of ₹3,490 in 24K and ₹3,200 in 22K gold over previous sessions.
Also read : Gold Price in India Witnesses Sharp Fall Across MCX and Retail Markets
On June 9, Delhi recorded a minor decline of ₹10 in both 24K and 22K gold rates, adding to the overall downward trend in the gold price today movement across India.
Gold rates in major Indian cities
The gold price today in key cities remained nearly uniform, with slight variations based on local demand and taxes:
- Delhi: 24K ₹1,51,830 | 22K ₹1,39,190
- Mumbai: 24K ₹1,51,680 | 22K ₹1,39,040
- Kolkata: 24K ₹1,51,680 | 22K ₹1,39,040
- Chennai: 24K ₹1,53,480 | 22K ₹1,40,690
- Bengaluru: 24K ₹1,51,680 | 22K ₹1,39,040
- Hyderabad: 24K ₹1,51,680 | 22K ₹1,39,040
Despite regional differences, the gold price today trend remained broadly negative across all major markets.
Silver prices also remain weak
Alongside gold, silver also continued its downward trajectory. The gold price today report highlights that silver has fallen by nearly ₹5,100 per kg in the past two days, after an earlier sharp drop of around ₹15,000 in previous sessions.
Currently, silver is trading at ₹2,59,900 per kg in Delhi, Mumbai, and Kolkata, while Chennai remains the most expensive market at ₹2,69,900 per kg.
Market outlook remains uncertain
Analysts believe that the gold price today trend is being shaped by global economic uncertainty, especially rising geopolitical tensions in West Asia and fluctuations in crude oil prices.
Weak industrial demand has also added pressure on silver, keeping overall precious metal prices under stress. Experts suggest that volatility may continue in the near term as global cues remain unpredictable.