Gold and silver prices registered a decline during the week, according to data released by the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell by ₹2,225 per 10 grams, while silver declined by ₹6,442 per kilogram. The correction comes after both precious metals witnessed sharp gains earlier in the year.

As per IBJA data, the price of 24-carat gold closed at ₹1,54,238 per 10 grams on June 6, compared to ₹1,56,463 on May 30. Silver prices also slipped from ₹2,63,350 per kg to ₹2,56,908 per kg during the same period.

The decline comes amid profit booking and fluctuations in global commodity markets. However, experts note that bullion prices remain considerably higher than levels seen at the beginning of the year.

Gold Rates by Purity

The price of 22-carat gold currently stands at ₹1,41,282 per 10 grams, while 18-carat gold is priced at ₹1,15,679. Fourteen-carat gold is available at ₹90,229 per 10 grams.

Rates in Major Cities

According to market data, 24-carat gold is selling at ₹1,55,910 per 10 grams in Delhi and Jaipur. In Mumbai, Kolkata and Raipur, the price is ₹1,52,730. In Bhopal, Patna and Ahmedabad, gold is trading around ₹1,55,810 per 10 grams.

Strong Gains in 2026

Despite this week's fall, precious metals have delivered strong returns this year. Gold has appreciated by nearly ₹21,000 per 10 grams compared to December 31, 2025, when it was priced at ₹1,33,195. Silver has also gained around ₹27,000 per kilogram from its year-end level of ₹2,30,420.

During 2026, gold touched an all-time high of ₹1.76 lakh per 10 grams on January 29. Silver also reached a record level of ₹3.86 lakh per kilogram before witnessing corrections.

Buying Precautions

Hallmark Verification

Experts advise buyers to purchase only BIS hallmarked gold. The hallmark carries a unique alphanumeric code that certifies the purity of the metal and protects consumers against fraud.

Compare Prices Before Purchase

Jewellery buyers are also advised to compare rates from multiple sources, including IBJA and local jewellers, before making purchases. Price differences and making charges can significantly impact the final cost.

According to market analysts, gold and silver prices may continue to remain volatile due to changing global economic conditions, currency movements and geopolitical developments. Investors and consumers are expected to closely monitor trends in the coming weeks as bullion markets react to international cues.