New Delhi11 minutes ago
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Due to increasing tension in the Middle East, there is a fall in the prices of gold and silver today i.e. on June 10. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has fallen by Rs 4,090 to Rs 1.48 lakh today. At the same time, the price of 1 kg silver has come down by Rs 9,658 to Rs 2.36 lakh.
The price of silver on May 31 was Rs 2.63 lakh. That means it has become cheaper by Rs 27 thousand in just 10 days. During this period, the price of gold has decreased by Rs 8 thousand. According to experts, due to geopolitical tension, people are withdrawing money from the market and keeping cash with themselves.
Silver fell by Rs 1.50 lakh from all-time high
This year, there are continuous fluctuations in the prices of gold and silver. On December 31, 2025, the price of gold was Rs 1.33 lakh, which increased to the highest level of Rs 1.76 lakh on January 29. Since then, gold has become cheaper by Rs 28 thousand.
At the same time, the price of silver was Rs 2.30 lakh on December 31, 2025, which reached an all-time high of Rs 3.86 lakh on January 29. Since then, silver has become cheaper by Rs 1.50 lakh in 130 days.
Main reasons for decline: Leaving metal and relying on ‘cash’
Generally, the prices of gold and silver increase in times of war, but this time the situation is a little different:
- Cash Saving: Investors are not willing to take risks due to the Middle East war. They are collecting ‘cash’ by selling their gold and silver so that they have liquid money in times of uncertainty.
- Profit Booking: As prices reached record highs in January, large investors began selling their holdings at higher prices, increasing supply in the market and causing prices to fall.
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