Gold Silver Price Today: Silver Crashes ₹5,000 per Kg, Gold Gets Cheaper; Check 22K & 24K Rates in Major Cities

New Delhi: Precious metal prices witnessed a sharp correction on Thursday, with silver recording one of its steepest single-session declines in recent weeks. Silver prices on the Multi Commodity Exchange (MCX) tumbled by nearly ₹5,000 per kilogram, while gold prices also extended losses amid growing concerns over global inflation, interest-rate expectations, and volatility in international commodity markets.

The sharp sell-off comes after precious metals had rallied strongly over the past few months, pushing both gold and silver to record or near-record highs. However, renewed expectations that major central banks could maintain a tighter monetary policy stance for longer have reduced the appeal of non-yielding assets such as gold and silver.

Why Are Gold and Silver Prices Falling?

Market analysts attribute the decline to a combination of factors, including stronger inflation concerns, rising crude oil prices, and shifting expectations regarding future interest rates in major economies. Investors are increasingly reassessing the likelihood of prolonged higher borrowing costs, which tends to weigh on precious metals.

Gold and silver typically perform well during periods of uncertainty and lower interest rates. However, when investors expect central banks to keep rates elevated, fixed-income assets become more attractive, often triggering profit-booking in bullion markets.

International bullion prices have also experienced increased volatility in recent sessions, contributing to weakness in domestic markets. The decline in global gold prices has directly impacted Indian bullion rates, leading to lower prices across major cities.

MCX Gold and Silver Under Pressure

In commodity trading, MCX gold futures slipped below key psychological levels, while silver witnessed a sharper correction. Reports indicate that MCX silver futures dropped by around ₹5,000 per kilogram during the latest trading session, reflecting heightened volatility in the white metal.

Silver often experiences larger price swings than gold because it serves both as a precious metal and an industrial commodity. Demand from sectors such as electronics, solar energy, and manufacturing can amplify price movements during periods of economic uncertainty.

22K and 24K Gold Prices Across Major Cities

Following the latest decline, gold prices have become relatively cheaper for buyers across India’s leading cities. According to market data, 22-carat gold has fallen below recent highs, while 24-carat gold has also registered notable declines.

Indicative Gold Rates (Per 10 Grams)

Prices may vary slightly depending on local taxes, jeweller margins, and making charges.

Good News for Jewellery Buyers

The correction in gold and silver prices could provide relief to consumers who had postponed purchases due to elevated rates. Jewellers expect increased footfall if prices remain at lower levels, particularly ahead of upcoming wedding and festive demand cycles.

India remains one of the world’s largest consumers of gold, and price corrections often encourage buying activity from both retail consumers and investors. Lower bullion prices may also revive demand that had weakened during the recent rally.

Key Insights:

• Gold and silver prices witnessed a sharp decline, with silver tumbling by nearly ₹5,000 per kilogram, while gold rates also moved lower across major Indian cities.
• The fall in precious metal prices was driven by weakness in international markets, where gold came under pressure amid renewed concerns over higher inflation and potential interest rate hikes.
• Higher interest rate expectations tend to reduce the appeal of non-yielding assets such as gold, prompting investors to shift toward interest-bearing investments.
• Domestic bullion markets mirrored the global trend, leading to softer prices for both 22K and 24K gold in cities including Delhi, Mumbai, Noida, Lucknow, Bengaluru, and Chennai.
• Silver faced additional pressure due to concerns over industrial demand and broader commodity market weakness.
• Analysts believe gold and silver prices will remain sensitive to inflation data, central bank policy decisions, bond yields, and movements in the US dollar.
• Investors are closely watching upcoming economic indicators for clues on the future direction of interest rates and precious metal prices.

Image source: Pixabay

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Last Updated on: Thursday, June 11, 2026 11:53 am by Koushik Velpuri | Published by: Koushik Velpuri on Thursday, June 11, 2026 11:53 am | News Categories: Business

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