There was a decline in the prices of gold and silver this week. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 6,438 to Rs 1.48 lakh. Earlier, it was at Rs 1.54 lakh last week i.e. on June 6. At the same time, silver has fallen from Rs 2.57 lakh per kg to Rs 2.43 lakh. That means its price decreased by Rs 14,326. Gold fell by ₹ 28 thousand from all time high. This year, there are continuous fluctuations in the price 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 1.43 lakh in 135 days. Main reasons for the decline: Leaving metal and relying on ‘cash’ Usually, gold and silver prices increase in an environment of war, but this time the situation is a little different: Saving cash: 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 pushing prices down.
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There was a decline in gold and silver this week: The price of silver decreased by ₹ 14326 to ₹ 2.43 lakh kg, gold became cheaper by ₹ 6438.
