Gold and silver prices witnessed a sharp rise on Monday, with 24-carat gold gaining ₹751 to ₹1,44,532 per 10 grams and silver surging ₹2,050 to ₹2,24,771 per kilogram, according to the India Bullion and Jewellers Association (IBJA).

The rally comes amid continued volatility in the precious metals market, even as both commodities remain below their record highs touched earlier this year.

Gold Prices Rise Across Major Cities

Retail prices of 24-carat gold also increased across major Indian cities. According to market data, gold was priced at:

• Delhi: ₹1,46,040 per 10 grams

• Mumbai: ₹1,45,860

• Kolkata: ₹1,45,860

• Jaipur: ₹1,46,040

• Bhopal: ₹1,45,940

• Patna: ₹1,45,940

• Lucknow: ₹1,46,040

• Raipur: ₹1,45,860

• Ahmedabad: ₹1,45,940

IBJA rates for different gold purities stood at:

Gold Up ₹12,000 in 2026

Gold has gained nearly ₹12,000 per 10 grams so far this year.

On December 31, 2025, the yellow metal was trading at around ₹1.33 lakh per 10 grams, compared with ₹1.45 lakh currently.

Silver, however, has declined by nearly ₹5,000 per kilogram since the beginning of the year. It was priced at ₹2.30 lakh per kilogram at the end of 2025 and is now trading around ₹2.25 lakh.

Both metals had touched record highs earlier in 2026, with gold reaching approximately ₹1.76 lakh per 10 grams and silver climbing to nearly ₹3.86 lakh per kilogram in January.

Market Outlook

Commodity market expert Ajay Kedia believes the recent correction from record highs presents an opportunity for investors.

According to Kedia, investors should avoid making lump-sum investments and instead adopt a staggered investment strategy to reduce market risk.

He expects gold to touch ₹1.60 lakh per 10 grams and silver to reach around ₹2.80 lakh per kilogram by the end of 2026 if current market trends continue.

Tips Before Buying Gold

Experts advise buyers to follow two basic precautions while purchasing gold:

• Buy only BIS hallmarked jewellery, which certifies the purity of the metal through an alphanumeric hallmark code.

• Compare gold prices with reliable sources such as the India Bullion and Jewellers Association (IBJA) before making a purchase, as rates vary based on purity and city.

How to Check Genuine Silver

Consumers can also verify silver using simple methods:

• Magnet Test: Pure silver does not stick to magnets.

• Ice Test: Ice melts faster on genuine silver because of its high thermal conductivity.

• Smell Test: Real silver has no noticeable odour, while fake silver may emit a metallic or copper-like smell.

• Cloth Test: Rubbing silver with a white cloth may leave a black mark due to natural oxidation, indicating genuine silver.

With precious metals continuing to witness price fluctuations, analysts expect investors to closely monitor global economic developments, interest rate expectations and geopolitical risks, which remain key drivers of bullion prices.

Gold and silver prices registered notable gains during the past week, extending the recent upward trend in the bullion market. According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by ₹2,622 per 10 grams, while silver gained ₹7,247 per kilogram.

The rise comes amid continued fluctuations in precious metal prices driven by global economic uncertainty, investor demand, and movements in international markets.

Gold Climbs Above ₹1.44 Lakh

IBJA data shows that the price of 24-carat gold rose from ₹1,41,378 per 10 grams on July 18 to ₹1,44,000 per 10 grams this week, reflecting a gain of ₹2,622.

Gold has remained one of the preferred safe-haven assets for investors amid market volatility, contributing to its sustained demand.

Silver Crosses ₹2.23 Lakh Per Kg

Silver also posted strong gains during the week.

The price of silver increased from ₹2.15 lakh per kilogram to ₹2.23 lakh per kilogram, registering a weekly rise of ₹7,247.

Although silver has seen sharp fluctuations throughout the year, the latest rally indicates renewed buying interest in the metal.

Gold Up Nearly ₹12,000 in 2026

Gold prices have witnessed significant movement since the beginning of the year.

On December 31, 2025, the price of 10 grams of gold was slightly above ₹1.33 lakh. It has since increased by nearly ₹12,000, reaching around ₹1.44 lakh.

Earlier this year, on January 29, gold touched an all-time high of ₹1.76 lakh per 10 grams, highlighting the extreme volatility seen in the bullion market.

Silver Still Below Its Record Levels

Unlike gold, silver remains below its peak despite this week's gains.

Silver was trading at around ₹2.30 lakh per kilogram at the end of 2025 and currently stands at ₹2.23 lakh, around ₹7,000 lower than its year-end level.

The metal had surged to an all-time high of ₹3.86 lakh per kilogram on January 29, before correcting sharply in subsequent months.

Experts See Further Upside

Commodity market expert Ajay Kedia believes both gold and silver have corrected significantly from their record highs, making them attractive for long-term investors.

According to Kedia:

• Gold could rise to around ₹1.60 lakh per 10 grams by the end of 2026.
• Silver may climb to nearly ₹2.80 lakh per kilogram.

However, he advised investors to avoid investing a large amount at one time and instead adopt a phased investment strategy to manage market volatility.

Tips for Buying Gold

Experts recommend following these precautions while purchasing gold jewellery:

1. Buy BIS Hallmarked Gold

Always purchase jewellery carrying the Bureau of Indian Standards (BIS) hallmark, which certifies the purity of the gold.

The hallmark includes an alphanumeric identification code that verifies authenticity and carat value.

2. Verify Daily Prices

Before making a purchase, compare the day's gold rates through reliable sources such as the India Bullion and Jewellers Association (IBJA).

Gold prices differ depending on whether the jewellery is 24-carat, 22-carat, or 18-carat, making it important to check current market rates.

How to Identify Genuine Silver

Consumers can perform a few simple tests to verify silver's authenticity:

• Magnet Test: Pure silver is non-magnetic and will not stick to a magnet.
• Ice Test: Silver has excellent thermal conductivity, causing ice to melt faster on its surface.
• Smell Test: Genuine silver is odorless, while fake silver often has a metallic or copper-like smell.
• Cloth Test: Rubbing silver with a white cloth may leave a black mark due to natural oxidation, indicating genuine silver.

Market Outlook

With global economic uncertainty continuing to influence commodity markets, analysts expect gold and silver prices to remain volatile in the coming months.

Investors are advised to monitor international trends, currency movements, and central bank policies before making investment decisions in precious metals.

Gold and silver prices fell significantly on Friday, July 24, providing some relief to jewellery buyers after months of elevated prices. According to the India Bullion and Jewellers Association (IBJA), both precious metals witnessed notable declines as global market sentiment, profit booking, and easing demand weighed on prices.

The price of 24-carat gold declined by ₹1,848 per 10 grams, taking it down to ₹1.42 lakh per 10 grams. Meanwhile, silver prices dropped by ₹2,924 per kilogram, settling at ₹2.19 lakh per kg.

Just a day earlier, gold was trading at ₹1.44 lakh per 10 grams, while silver stood at ₹2.22 lakh per kilogram.

Correction Continues After Record Highs

Both precious metals have witnessed sharp corrections from their record levels earlier this year.

Gold, which was priced at around ₹1.33 lakh per 10 grams at the end of December 2025, surged to an all-time high of approximately ₹1.76 lakh on January 29 amid heightened global uncertainty and strong safe-haven demand.

Since then, gold prices have corrected by nearly ₹34,000 per 10 grams.

Silver has seen an even steeper decline.

The white metal climbed from around ₹2.30 lakh per kilogram at the end of last year to a historic peak of ₹3.86 lakh per kilogram on January 29. Since that record high, silver has fallen by nearly ₹1.67 lakh per kilogram, making it one of the sharpest corrections witnessed in recent years.

Why Are Gold and Silver Prices Falling?

Market experts attribute the decline to a combination of factors, including:

• Profit booking after record highs.
• Fluctuations in international bullion markets.
• Changes in global interest rate expectations.
• A relatively stronger US dollar.
• Reduced safe-haven demand following temporary easing in market volatility.

Commodity analysts note that precious metals often experience corrections after sharp rallies, allowing prices to stabilize before the next major move.

Experts See Long-Term Opportunity

Despite the recent decline, commodity market experts remain optimistic about the long-term outlook for gold and silver.

According to commodity expert Ajay Kedia, the current correction offers investors an opportunity to accumulate precious metals gradually rather than investing a large amount at once.

He advises investors to adopt a systematic buying approach, spreading purchases over time instead of making lump-sum investments during periods of market uncertainty.

Kedia expects gold prices to recover toward ₹1.60 lakh per 10 grams by the end of the year, while silver could potentially rise to around ₹2.80 lakh per kilogram, depending on global economic conditions and investor sentiment.

What Should Buyers Do?

For jewellery buyers, the decline provides a better opportunity compared to the record highs seen earlier this year.

Investors, however, should remain cautious as bullion prices continue to react to:

• Global geopolitical developments.
• Inflation trends.
• Central bank interest rate decisions.
• Currency fluctuations.
• International investment demand.

Market analysts believe volatility is likely to continue in the coming months.

Outlook for Precious Metals

Gold and silver continue to play an important role as safe-haven assets during periods of economic uncertainty. Although prices have corrected sharply from their peaks, many analysts believe the long-term investment case remains intact due to ongoing geopolitical risks, inflation concerns, and central bank buying.

Investors are advised to maintain a diversified portfolio and consider precious metals as part of a long-term investment strategy rather than reacting to short-term price movements.

Gold and silver prices extended their rally on Wednesday, with both precious metals witnessing significant gains in the domestic bullion market. According to the India Bullion and Jewellers Association (IBJA), silver prices surged by ₹3,034 per kilogram to ₹2,26,238, while 24-carat gold gained ₹2,303 per 10 grams, taking its price to ₹1,43,440.

The latest rise comes after three consecutive sessions of gains. During this period, gold has become costlier by ₹4,281 per 10 grams, while silver has jumped ₹10,764 per kilogram, reflecting continued investor interest amid global economic uncertainty.

Latest Gold Rates

As per IBJA data, the latest gold prices are:

Retail prices quoted by jewellers vary across cities due to taxes and making charges. According to market data, 24-carat gold is currently trading at around ₹1,46,560 per 10 grams in cities including Delhi, Jaipur, Lucknow, Bhopal and Patna, while prices in Mumbai, Kolkata and Raipur are marginally lower at ₹1,46,510.

Gold Up ₹12,000 This Year

Despite fluctuations during the year, gold has remained one of the best-performing asset classes in 2026.

On December 31, 2025, the price of 24-carat gold stood at approximately ₹1.33 lakh per 10 grams. Since then, it has gained nearly ₹12,000, although it remains below its record high of ₹1.76 lakh per 10 grams, touched in January this year.

Silver, meanwhile, has witnessed greater volatility. It is currently trading at ₹2.26 lakh per kilogram, lower than its all-time high of ₹3.86 lakh per kilogram recorded in January, but still significantly higher than historical averages.

Experts See Further Upside

Commodity market experts believe precious metals could continue to remain strong if global economic uncertainty, inflation concerns and geopolitical tensions persist.

According to commodity expert Ajay Kedia, investors may consider accumulating gold and silver gradually rather than making lump-sum investments.

He estimates that by the end of 2026:

• Gold could rise to around ₹1.60 lakh per 10 grams.
• Silver could climb to nearly ₹2.80 lakh per kilogram, depending on international market conditions.

Analysts say demand for safe-haven assets typically increases during periods of global uncertainty, providing support to bullion prices.

Tips Before Buying Gold

Experts advise buyers to keep the following points in mind while purchasing jewellery:

• Purchase only BIS hallmarked gold, as hallmark certification guarantees purity and authenticity.
• Compare daily gold prices using trusted sources such as the India Bullion and Jewellers Association (IBJA) before making a purchase, as rates vary according to purity and market conditions.

How to Check Genuine Silver

Consumers can perform a few simple checks before buying silver:

• Magnet Test: Genuine silver does not stick to a magnet.
• Ice Test: Ice melts faster on real silver because of its high thermal conductivity.
• Smell Test: Pure silver has no noticeable smell, while fake silver may emit a metallic or copper-like odour.
• Cloth Test: Rubbing silver with a white cloth often leaves a black mark due to natural oxidation, indicating genuine silver.

With precious metal prices remaining volatile, market experts recommend that investors closely monitor global economic developments before making large investment decisions.

The domestic bullion market witnessed a strong rebound on Tuesday, with both gold and silver prices registering significant gains. According to the India Bullion and Jewellers Association (IBJA), silver prices surged by ₹3,159 per kilogram to ₹2.22 lakh, while 24-carat gold rose by ₹1,150 to ₹1.43 lakh per 10 grams. The sharp increase reflects renewed buying interest amid global economic uncertainty and expectations of sustained demand for precious metals.

The latest rally comes after weeks of price volatility, with market experts predicting that gold could climb to ₹1.60 lakh per 10 grams by the end of 2026 if global geopolitical tensions and inflationary pressures persist.

Gold and Silver Register Strong Gains

As per IBJA data, 24-carat gold is now priced at ₹1,43,404 per 10 grams, while 22-carat gold stands at ₹1,31,358 and 18-carat gold at ₹1,07,553 per 10 grams.

Silver also recorded a substantial rise, with one kilogram now costing ₹2,22,734, reflecting a sharp one-day increase of ₹3,159.

Across major cities, gold prices remained broadly aligned. Delhi and Lucknow recorded 24-carat gold prices of ₹1,44,370 per 10 grams, while Mumbai, Kolkata and Raipur quoted prices around ₹1,44,220. Bhopal and Ahmedabad witnessed rates close to ₹1,44,270.

Bullion Prices Remain Volatile in 2026

Precious metals have experienced considerable fluctuations this year. Gold has gained nearly ₹9,000 per 10 grams compared to its level at the end of 2025, when it traded around ₹1.33 lakh.

Silver, however, has followed a different trajectory. Despite Tuesday's jump, it remains below its year-end 2025 level, having declined by nearly ₹10,000 per kilogram over the period.

The year also witnessed historic highs. Gold touched an all-time peak of around ₹1.76 lakh per 10 grams in January, while silver surged to nearly ₹3.86 lakh per kilogram, highlighting the extraordinary volatility seen in commodity markets during 2026.

Experts Recommend Systematic Investment

Commodity market expert Ajay Kedia believes the recent correction from record highs offers investors an opportunity to enter the bullion market. However, he advises against making lump-sum investments.

Instead, investors should adopt a staggered investment strategy to reduce the impact of price volatility. According to Kedia, gold could rise to around ₹1.60 lakh per 10 grams by the end of the year, while silver may advance toward ₹2.80 lakh per kilogram, provided global economic conditions continue to support safe-haven assets.

Tips for Buying Gold

Financial experts recommend purchasing only BIS hallmarked gold, as hallmark certification guarantees purity and authenticity. Buyers should also compare prevailing market rates before making a purchase, since gold prices differ depending on purity levels such as 24-carat, 22-carat and 18-carat.

Consumers are also advised to verify the weight, making charges and invoice details before finalising a purchase.

How to Check Pure Silver

Experts suggest a few simple methods to identify genuine silver:

• Real silver does not stick to a magnet.
• Ice melts faster on pure silver because of its high thermal conductivity.
• Genuine silver has no metallic or copper-like smell.
• Rubbing silver with a white cloth often leaves a black mark due to natural oxidation, indicating authenticity.

With global economic uncertainty, geopolitical developments and inflation concerns continuing to influence investor sentiment, bullion is expected to remain in focus. Market participants will closely watch international price movements and central bank policies for further direction in gold and silver prices.

Gold and silver prices witnessed a fresh decline in the domestic bullion market on Monday, extending the correction from their record highs earlier this year. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹1,079 per 10 grams, while silver declined by ₹3,155 per kilogram, reflecting continued volatility in precious metal markets.

The latest correction comes amid a stronger US dollar and profit-booking by investors after the sharp rally seen during the first quarter of 2026.

Gold Falls Below ₹1.43 Lakh

IBJA data showed that 24-carat gold was priced at ₹1,42,289 per 10 grams, down from the previous session. Retail prices in major cities remained close to the IBJA benchmark.

According to market rates:

• Delhi: ₹1,43,060 per 10 grams

• Mumbai: ₹1,42,910

• Kolkata: ₹1,42,910

• Jaipur: ₹1,43,060

• Bhopal: ₹1,42,960

• Patna: ₹1,42,960

• Lucknow: ₹1,43,060

• Raipur: ₹1,42,910

• Ahmedabad: ₹1,42,960

Other benchmark prices stood at ₹1,30,337 for 22-carat gold, ₹1,06,717 for 18-carat, and ₹83,239 for 14-carat gold per 10 grams.

Silver Extends Correction

Silver prices also continued their downward trend, with the metal trading at ₹2,17,235 per kilogram, down by ₹3,155 from the previous session.

Despite the latest decline, analysts note that silver remains one of the most volatile commodities in the precious metals segment, influenced by both investment demand and industrial consumption.

Prices Down Significantly from Record Highs

Both bullion metals have corrected substantially from the all-time highs recorded earlier this year.

Gold touched a historic peak of ₹1,76,121 per 10 grams on January 29, 2026, before witnessing sustained profit-booking. Since then, the yellow metal has fallen by nearly ₹34,000 per 10 grams.

Silver experienced an even steeper correction. After reaching a record ₹3,85,933 per kilogram on January 29, prices have declined by around ₹1.69 lakh per kilogram over the past five-and-a-half months.

Market experts say the correction reflects changing global market sentiment rather than weakening long-term demand.

Why Are Gold and Silver Prices Falling?

Analysts attribute the latest decline to multiple global factors.

A stronger US dollar has weighed on international bullion prices following signals from the US Federal Reserve regarding monetary policy. Since gold and silver are globally priced in dollars, a stronger greenback generally makes the metals more expensive for international buyers, reducing demand.

Another major factor is profit-booking. After prices surged to record levels earlier this year, institutional investors and traders have been locking in gains, triggering a correction across bullion markets.

Experts Advise Staggered Investment

Commodity market experts believe the ongoing correction could present buying opportunities for long-term investors, but advise against making lump-sum investments.

According to commodity analyst Ajay Kedia, investors may consider accumulating gold and silver gradually through systematic purchases instead of investing all at once. He expects that, subject to global economic conditions, gold could approach ₹1.60 lakh per 10 grams and silver may recover towards ₹2.80 lakh per kilogram by the end of the year.

Buying Precious Metals? Keep These Points in Mind

Jewellery buyers are advised to purchase only BIS hallmarked gold, which certifies the purity of the metal. Consumers should also compare prevailing market prices from reliable sources before making purchases.

For silver, experts recommend simple authenticity checks such as the magnet test, ice test, smell test and cloth test, though certification remains the most reliable way to verify purity.

With global economic uncertainty, central bank policies and currency movements continuing to influence bullion prices, market participants expect gold and silver to remain volatile in the coming months.

Gold and silver prices witnessed fresh movement on Wednesday, July 8, with both precious metals closing higher in the domestic bullion market. According to the latest data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹177 to around ₹1.44 lakh per 10 grams, while silver gained ₹150 to trade at approximately ₹2.27 lakh per kilogram. Market experts attribute the fluctuations to global economic developments, movements in the US dollar, central bank policies and changing investor sentiment.

Gold has delivered strong returns so far in 2026. On December 31, 2025, the price of 24-carat gold stood at approximately ₹1.33 lakh per 10 grams. With the latest increase, the yellow metal has appreciated by nearly ₹11,000 within the first half of the year.

Although prices have witnessed intermittent corrections during this period, gold has continued to attract investors seeking a safe-haven asset amid global uncertainty. Analysts believe international market trends, geopolitical developments and sustained investment demand have played a key role in supporting domestic prices.

Silver Still Below Its 2025 Closing Level

Silver also registered a modest gain on Wednesday, but it continues to trade below the level seen at the beginning of the year.

The metal was priced at around ₹2.30 lakh per kilogram on December 31, 2025, compared with approximately ₹2.27 lakh per kilogram currently, reflecting a decline of nearly ₹3,000 over the period.

Traders note that silver tends to experience greater price volatility than gold due to its dual role as both an investment asset and an industrial metal. Demand from manufacturing sectors, global economic activity and investor participation continue to influence silver prices.

Precious Metals Touched Record Highs This Year

Both gold and silver reached record levels earlier in 2026 before witnessing corrections.

On January 29, 2026, gold touched an all-time high of nearly ₹1.76 lakh per 10 grams, while silver surged to approximately ₹3.86 lakh per kilogram.

Following those peaks, profit booking and changing global market conditions led to a correction in prices. With fresh buying interest returning to the bullion market, investors are closely watching price trends for the coming months.

Market analysts continue to view gold as a preferred long-term investment during periods of economic uncertainty, while silver is often considered a higher-risk asset with the potential for stronger returns during favourable market conditions.

Tips for Gold Buyers

Experts advise consumers planning to purchase jewellery to follow a few essential precautions:

Always buy BIS hallmarked gold to ensure purity and authenticity.
Verify the day's prevailing gold price before making a purchase.
Check the purity level (22-carat, 24-carat, etc.) mentioned on the invoice.
Carefully review the weight, making charges and applicable taxes before completing the transaction.
How to Identify Genuine Silver

Consumers should also exercise caution while purchasing silver, as both genuine and counterfeit products are available in the market.

Some commonly used methods to identify authentic silver include:

Magnet Test: Pure silver is non-magnetic and does not stick to a magnet.
Ice Test: Ice melts quickly on silver because of its high thermal conductivity.
Odour Test: Genuine silver is odourless, while impure alloys may emit a metallic or copper-like smell.
Cloth Test: Rubbing silver with a soft white cloth may leave a slight black mark, which is considered a normal characteristic of pure silver.

Bullion dealers expect gold and silver prices to remain volatile in the near term as investors monitor global interest rate decisions, inflation trends, geopolitical developments and currency movements. Market participants believe precious metals will continue to play an important role in investment portfolios amid ongoing economic uncertainty.

Gold and silver prices witnessed a sharp decline on Tuesday, June 23, 2026, as bullion markets continued to react to changing global economic conditions and easing geopolitical concerns. According to data released by the India Bullion and Jewellers Association (IBJA), silver prices fell by ₹10,566 per kilogram in a single trading session, while gold prices dropped by ₹2,522 per 10 grams.

With this decline, silver prices slipped to ₹2.27 lakh per kilogram from ₹2.37 lakh recorded a day earlier. Gold prices also fell sharply, with 24-carat gold closing at ₹1.45 lakh per 10 grams compared to ₹1.47 lakh on Monday.

The latest correction has significantly reduced gains accumulated earlier in the year. Since the beginning of June, gold has become cheaper by ₹10,748 per 10 grams, while silver has declined by ₹36,015 per kilogram. Market experts attribute the fall to profit-booking by investors, easing concerns over global supply disruptions, and changing expectations regarding international economic policies.

Sharp Fall from Record Highs

The decline becomes more significant when compared to the record highs touched earlier this year. Gold had reached an all-time high of ₹1.76 lakh per 10 grams on January 29, 2026. Since then, the yellow metal has corrected by more than ₹31,000.

Silver has witnessed an even steeper fall. After touching a historic high of ₹3.86 lakh per kilogram in January, silver prices have dropped by nearly ₹1.59 lakh within about five months. Analysts believe that extreme volatility in industrial demand expectations and global commodity markets has contributed to the sharp swings in silver prices.

Bullion traders noted that precious metals often react strongly to developments in international markets. Recent stability in crude oil prices and reduced fears of major disruptions in global trade have lessened demand for traditional safe-haven assets such as gold and silver.

Impact of Import Duty Changes

The bullion market is also adjusting to recent policy changes. The central government has increased the import duty on gold and silver from 6% to 15%, comprising 10% Basic Customs Duty and 5% Agriculture Infrastructure and Development Cess (AIDC).

According to market observers, the move is aimed at reducing dependence on imports and limiting pressure on India's foreign exchange reserves. The higher duty structure could influence domestic pricing trends and consumer demand in the coming months.

Jewellery retailers, however, indicate that local prices continue to vary from city to city due to transportation expenses, security costs, local demand patterns and inventory purchased at different rates.

For consumers planning to purchase gold, industry experts recommend buying only BIS-hallmarked jewellery and verifying prevailing market rates before making a purchase. Hallmark certification remains one of the most reliable indicators of purity.

Similarly, buyers of silver are advised to check authenticity through standard verification methods and purchase from trusted dealers. As prices remain volatile, traders expect continued fluctuations in the bullion market over the coming weeks.

The sharp fall in silver prices today and the decline in gold rates highlight how quickly precious metal markets can react to global developments. Investors and consumers alike are likely to keep a close watch on international trends, policy decisions and currency movements for further direction in bullion prices.

The domestic bullion market opened higher on June 18, with gold and silver prices witnessing an uptick across major Indian cities. Market participants tracked developments surrounding the recent US-Iran agreement, which is expected to reduce tensions in the Middle East and improve stability in global energy supplies.

According to market data, the price of 24-carat gold in India stood at ₹1,54,180 per 10 grams, while Silver 999 Fine was priced at ₹2,53,170 per kilogram. Multi Commodity Exchange (MCX) gold futures traded near ₹1,53,899 per 10 grams during early trade, while silver futures hovered around ₹2,52,046 per kilogram.

Internationally, spot gold rose nearly 1.5% to around $4,322 per ounce after recovering from losses recorded in the previous trading session. Silver also gained strength in overseas markets, climbing more than 2%, supported by renewed buying interest in precious metals.

Major Cities Record Marginal Variations

Gold rates showed minor differences across key metropolitan centres. In Mumbai, 24-carat gold was quoted at ₹1,53,900 per 10 grams, while 22-carat gold traded at ₹1,41,075. The rate for 18-carat gold stood at ₹1,15,425 per 10 grams.

Delhi reported 24-carat gold prices of ₹1,53,630 per 10 grams, with 22-carat gold at ₹1,40,828 and 18-carat gold at ₹1,15,223. Similar trends were observed in Kolkata, Chennai, Bengaluru, Hyderabad and Ahmedabad, where prices remained close to the national average.

Silver prices also stayed firm, ranging between ₹2.52 lakh and ₹2.53 lakh per kilogram across major cities.

Global Factors Influence Bullion Market

Reports indicate that the US-Iran agreement could help restore normal shipping activity through the Strait of Hormuz, one of the world's most important energy routes. The development triggered a rally in global equity markets and pushed crude oil prices lower.

However, analysts believe investors continue to maintain exposure to gold as a hedge against inflation, currency fluctuations and broader economic risks. As a result, bullion prices have remained near historic highs despite improving geopolitical conditions.

Market experts note that movements in the US dollar, Federal Reserve policy decisions and global bond yields will continue to influence gold and silver prices in the coming weeks. Any changes in interest rate expectations could impact investment demand for precious metals.

Gold and silver prices recorded a significant correction this week, easing from their recent highs as investors opted to hold cash amid growing geopolitical uncertainty and profit-booking activity. According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold declined by ₹6,438 per 10 grams over the past week, while silver prices fell by ₹14,326 per kilogram. The latest movement comes after months of sharp volatility in precious metal markets, which had surged to record highs earlier this year. Market analysts say the decline reflects changing investor sentiment, with many traders reducing exposure to bullion and increasing liquidity in response to ongoing global tensions. The correction is being closely watched by jewellers, investors, and consumers ahead of the upcoming festive and wedding demand season in India.

According to IBJA figures, 24-carat gold is now trading at approximately ₹1.48 lakh per 10 grams, compared to ₹1.54 lakh on June 6. Silver prices have also softened, falling from ₹2.57 lakh per kilogram to around ₹2.43 lakh per kilogram during the same period.

The decline marks one of the sharpest weekly corrections in recent months and comes after both precious metals touched historic highs earlier in 2026.

Record Highs Earlier This Year

Gold and silver markets have witnessed extreme volatility since the beginning of the year. On December 31, 2025, gold was priced at around ₹1.33 lakh per 10 grams. Prices later surged to an all-time high of ₹1.76 lakh on January 29, driven by global uncertainty and strong investment demand.

Since reaching that peak, gold prices have corrected by nearly ₹28,000 per 10 grams.

Silver followed a similar trajectory. Starting the year at ₹2.30 lakh per kilogram, the metal climbed to a record ₹3.86 lakh per kilogram in January. However, the market has since witnessed a sharp reversal, with prices declining by nearly ₹1.43 lakh per kilogram over the last 135 days.

Why Prices Are Falling

Market experts attribute the recent decline to a combination of investor behavior and changing market dynamics.

One major factor is the growing preference for cash holdings. Reports indicate that investors are becoming increasingly cautious amid tensions in the Middle East and broader global economic uncertainty. Instead of moving additional funds into precious metals, many are liquidating positions to maintain higher cash reserves.

Another key reason is profit booking. Gold and silver delivered exceptional returns during the early months of the year, encouraging institutional and large-scale investors to sell holdings at elevated levels. The increase in supply has put downward pressure on prices across bullion markets.

Impact on Consumers and Investors

The correction could offer some relief to jewellery buyers who postponed purchases during the period of record-high prices. Lower rates may encourage demand from retail consumers, particularly with the festive and wedding season approaching in several parts of the country.

For investors, however, the recent decline highlights the volatility that has characterized precious metals throughout 2026. Analysts suggest that future price movements will largely depend on global economic conditions, central bank policies, currency trends, and geopolitical developments.

Precious metals take a steep hit as global uncertainty weighs on sentiment; silver loses ₹30,000 in just ten days

Gold and silver prices fell sharply on Wednesday as escalating tensions in the Middle East rattled global commodity markets, pushing both metals into steep decline and catching buyers off guard ahead of what had been a period of sustained highs.

Gold Drops Over ₹5,000

According to the India Bullion and Jewellers Association (IBJA), 24-carat gold fell ₹5,373 on June 10 to trade at ₹1.47 lakh per 10 grams. The drop, one of the sharper single-day corrections in recent weeks, follows a broader pullback in safe-haven demand as risk sentiment shifted across global markets.

Silver Sees Steeper Correction

Silver bore the brunt of Wednesday's sell-off. One kilogram of silver fell ₹12,655 to settle at ₹2.33 lakh — a notable correction for a metal that had been trading near multi-month highs. Just ten days ago, on May 31, silver was priced at ₹2.63 lakh per kilogram. That amounts to a ₹30,000 decline in under a fortnight.

Over the same period, gold has shed roughly ₹9,000 per 10 grams.

Middle East Uncertainty Drives Volatility

Market analysts point to renewed geopolitical tensions in the Middle East as the primary trigger. While gold traditionally benefits from uncertainty, the latest developments appear to have unsettled speculative positions across commodities, prompting a broad unwind. Domestic demand has also remained subdued, with buyers staying on the sidelines at elevated price levels.

What Buyers Should Watch

For retail consumers — particularly those eyeing gold purchases ahead of upcoming festive or wedding seasons — the dip offers a short window of relative relief after weeks of record-level pricing. However, traders caution that volatility is likely to persist as long as geopolitical signals remain mixed.

Whether Wednesday's correction marks a deeper trend reversal or a temporary pullback remains to be seen. Global cues, especially movement in the dollar index and crude oil prices, will likely dictate the near-term direction for both metals.

Gold prices witnessed a notable rise on Tuesday, June 9, with the yellow metal climbing ₹1,095 to reach ₹1.53 lakh per 10 grams for 24-carat purity, according to the India Bullion and Jewellers Association (IBJA). Silver, however, saw a marginal decline of ₹1,307 per kg, settling at ₹2.46 lakh.

The uptick in gold comes amid ongoing global economic uncertainties and steady domestic demand during the wedding season. Market participants noted that the movement reflects a mix of international cues and local buying interest.

Steady Demand Supports Gold Rally

Bullion traders in major markets like Mumbai, Delhi, and Chennai reported brisk inquiries from jewellers and investors. The 22-carat gold, popular for jewellery, also mirrored the trend, though exact figures vary slightly across cities due to making charges and local taxes.

According to IBJA data, the price of 10 grams of 24-carat gold now stands at ₹1,53,000, up from Monday’s closing levels. This marks a continuation of the broader upward trajectory seen in recent months.

Yearly Gains Remain Impressive

This year has been particularly strong for precious metals. Since the beginning of 2026, gold has gained nearly ₹19,000 per 10 grams, while silver has added around ₹15,000 per kg. On December 31, 2025, 10 grams of gold was trading at approximately ₹1.33 lakh. The metal had also touched an all-time high of ₹1.76 lakh per 10 grams on January 29 this year.

Silver, which closed 2025 at around ₹2.30 lakh per kg, has similarly shown resilience, peaking at ₹3.86 lakh earlier in the year before correcting.

Factors Driving the Precious Metals Market

Analysts attribute the sustained rally to several factors, including inflation hedging, geopolitical tensions, and central bank buying globally. In India, cultural affinity for gold as an investment and gift item continues to provide strong floor support.

“Domestic demand remains robust, especially ahead of key festivals and marriage seasons,” said a senior trader in Zaveri Bazaar, Mumbai. Sources familiar with the market added that rupee movements against the dollar also play a crucial role in price discovery.

Silver Prices Ease Slightly

Unlike gold, silver prices eased on Tuesday. One kilogram of the white metal dropped ₹1,307 to trade at ₹2.46 lakh. Market watchers pointed to profit-booking after recent gains and relatively softer industrial demand cues as possible reasons for the mild correction.

Silver often moves in tandem with gold but is more sensitive to industrial consumption in sectors like electronics and solar energy.

Tips for Buyers: What to Keep in Mind

Jewellers and consumer forums continue to advise caution while purchasing gold. Experts recommend insisting on BIS-hallmarked jewellery only. The hallmark, an alphanumeric code such as AZ4524, confirms the purity and authenticity of the metal.

Buyers should also cross-check the prevailing price on the day of purchase through reliable sources like the IBJA website or apps of reputed jewellers. Verifying the exact weight at the time of buying remains equally important to avoid any discrepancies.

Outlook for Gold and Silver

With the monsoon session of Parliament underway and key economic data releases expected in the coming weeks, volatility in the bullion market may persist. Global developments, particularly US Fed rate decisions and any escalation in international conflicts, could influence prices further.

For now, the mood in India’s bullion market remains cautiously optimistic. Many investors view the current levels as an opportunity to accumulate, while jewellers hope for steady demand in the coming days.

The Reserve Bank of India’s gold reserves and broader macroeconomic indicators are also being closely watched by industry stakeholders. As summer gives way to the wedding and festive period later this year, demand for physical gold could see another leg up.