Gold prices have fallen on June 11. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has decreased by ₹1,562 to ₹1.45 lakh . On May 31, gold was at ₹1.56 lakh. This means in just 11 days, it has become ₹11,000 cheaper. Meanwhile, the price of 1 kg silver has increased by ₹257 today to reach ₹2.33 lakh . Gold prices according to carat Gold prices in major cities of the country Source: goodreturns 11 June 2026 Gold falls ₹31,000 from all-time high This year, gold and silver prices have been witnessing continuous fluctuations. On 31 December 2025, the price of gold was ₹1.33 lakh , which increased to reach the highest level of ₹1.76 lakh on 29 January. Since then, gold has become cheaper by ₹31,000 till now. 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 133 days, silver has become cheaper by ₹1.52 lakh. Gold cheaper by ₹31,000 and silver by ₹1.52 lakh in 133 days Source: IBJA Main Reasons for the Decline: Trust in ‘Cash’ Over Metal Usually, gold and silver prices rise in a war environment, but this time the situation is a bit different: Post navigation Govt waives excise duty on 22%-30% ethanol-blended petrol:Move aims to promote cleaner fuels, higher ethanol adoption Indian consumer preferences are changing:People are spending more on chocolate, coffee and instant food
