Gold and silver rates decline this week:Silver prices fall by ₹14,326/kg; gold becomes ₹6,438/10 gm cheaper

Gold and silver prices declined this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹6,438 to ₹1.48 lakh. Earlier, it was at ₹1.54 lakh last week, i.e., on June 6. Meanwhile, silver has dropped from ₹2.57 lakh per kg to ₹2.43 lakh. This means its price decreased by ₹14,326. Gold down ₹28,000 from all-time high This year, gold and silver prices have been witnessing continuous fluctuations. On December 31, 2025, gold prices were at ₹1.33 lakh , which increased to reach the 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 135 days, silver has become cheaper by ₹1.43 lakh. Main Reasons for Decline: Trust in ‘Cash’ Over Metal Usually, prices of gold and silver rise during war situations, but this time the situation is a bit different: Saving Cash: Due to the Middle East war, investors don’t want to take risks. They are selling their gold and silver to accumulate ‘cash’ so that they have liquid money during times of uncertainty. Profit Booking: Prices had reached record levels in January, so large investors started selling their holdings at high prices, which increased supply in the market and prices fell.