Gold and silver decline this week:Silver drops ₹6,442 to ₹2.57 lakh per kg, gold falls ₹2,225 – know gold prices in major cities

Gold and silver prices witnessed a decline this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹2,225 to ₹1.54 lakh. It had closed at ₹1.56 lakh on May 30. Meanwhile, silver prices dropped by ₹6,442, with the metal declining from ₹2.63 lakh per kg to ₹2.57 lakh per kg. Gold prices by purity Gold prices in major cities Source: Goodreturns, June 6, 2026 Gold up ₹21,000 and silver ₹27,000 so far this year Despite this week’s correction, both precious metals have gained significantly in 2026. Gold has risen by about ₹21,000 and silver by around ₹27,000 so far this year. On December 31, 2025, 10 grams of gold was priced at ₹1.33 lakh, compared with ₹1.54 lakh now. Silver, which was at ₹2.30 lakh per kg at the end of last year, currently stands at ₹2.57 lakh per kg. During the year, gold touched an all-time high of ₹1.76 lakh on January 29, while silver hit a record ₹3.86 lakh per kg. Gold and silver movement in 2026 Note: Gold prices are for 10 grams and silver prices are per kilogram. Source: IBJA. Keep these two things in mind while buying gold 1. Buy Only Hallmarked Gold Always purchase gold certified by the Bureau of Indian Standards (BIS). The hallmark carries an alphanumeric code, such as AZ4524, which certifies the purity of the gold. 2. Verify Prices Before Buying Before making a purchase, compare gold prices and weight across multiple sources, including the India Bullion and Jewellers Association (IBJA), to ensure you are paying the correct price.