Gold and silver prices have declined on June 1. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹864 to ₹1.56 lakh today. The price of 1 kg of silver has decreased by ₹450 to ₹2.63 lakh . Gold prices according to carat Gold prices in major cities of the country Source: goodreturns 1 June 2026 Gold Price Journey: From ₹1.76 lakh to ₹1.56 lakh Gold showed an upward trend at the beginning of this year, but in the last few weeks it has declined due to profit booking and global factors. Silver Price Crash: From ₹3.86 lakh to ₹2.63 lakh Silver has witnessed more volatility compared to gold. It has come down significantly from its all-time high. Gold ₹20,000 and Silver ₹1.23 lakh cheaper in 123 days Source: IBJA Main Reasons for Decline: Trust in ‘Cash’ Instead of Metal Usually, gold and silver prices rise during war situations, but this time the situation is a bit different: Keep these 2 things in mind when buying gold from jewellers 1. Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross Check the Price: Cross check the correct weight of gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewellers Association website). Post navigation Indian benchmark indices rebound as Asian markets rally:Oil prices rise as Israel extends Lebanon offensive Gen Z redefining travel in India:Survey says 87% prefer short trips, weekend breaks over long holidays
