Gold prices become over ₹1,000/10 gm cheaper today:Silver rates fall more than ₹1 lakh/kg from all-time high

Gold and silver prices have declined on June 3. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by ₹1,030 to ₹1.55 lakh today. The price of 1 kg of silver has decreased by ₹3,300 to ₹2.62 lakh. Gold Prices by Carat Gold Prices in Major Cities of the Country Source: goodreturns 3 June 2026 Gold Price Journey: From ₹1.76 lakh to ₹1.55 lakh Gold showed an upward trend at the beginning of this year, but in the past few weeks it has declined due to profit booking and global factors. Crash in Silver Prices: From ₹3.86 lakh to ₹2.62 lakh Silver has witnessed more volatility compared to gold. It has come down significantly from its all-time high. Gold ₹21 thousand and Silver ₹1.24 lakh cheaper in 125 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: