Due to increasing tensions in the West Asia, gold and silver prices have fallen on June 10. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has dropped by ₹4,090 to ₹1.48 lakh today. Meanwhile, the price of 1 kg silver has decreased by ₹9,658 to ₹2.36 lakh. On May 31, the price of silver was ₹2.63 lakh. This means in just 10 days, it has become cheaper by ₹27,000. During this period, the price of gold has decreased by ₹8,000. According to experts, due to geopolitical tensions, people are withdrawing money from the market and keeping cash with themselves. Silver falls ₹1.50 lakh from all-time high This year, the prices of gold and silver have been witnessing continuous fluctuations. On December 31, 2025, the price of gold was ₹1.33 lakh, which rose to reach its highest level of ₹1.76 lakh on January 29. Since then, gold has become cheaper by ₹28,000. Meanwhile, the price of silver was ₹2.30 lakh on December 31, 2025, which reached an all-time high of ₹3.86 lakh on January 29. Since then, in 130 days, silver has become cheaper by ₹1.50 lakh. Main Reasons for Decline: Trust in ‘Cash’ Over Metal Generally, gold and silver prices increase during wartime situations, but this time the situation is somewhat different: Post navigation Temporary relief for Anil Ambani:Bombay HC says govt can’t file court case against troubled businessman in alleged ₹420 crore tax evasion case until further order Employment services reform debate:Why GST cut proposal is gaining attention in India’s labour market
