Gold, silver prices crash: Check latest rates in your city now
Gold and silver prices drop in India, providing relief to customers. Gold falls to ₹1,51,686 per 10 grams, while silver drops to ₹2,38,163 per kg. Global tensions and geopolitical concerns drive the decline
New Delhi (Uttam Hindu News): On Monday, the first day of the week, the bullion market brought some relief to customers. Initial trends showed a decline in the prices of both gold and silver. If you're considering buying jewelry for a wedding or other occasion, this could be a good opportunity.
The prices of both metals also fell in the futures market
On Monday morning, the prices of both the metals were seen trading in the red on the Multi Commodity Exchange (MCX). According to the data at 10:15 am, the gold contract for delivery on June 5, 2026, fell by 0.63 percent compared to the previous session, after which its price came down to Rs 1,51,686 per 10 grams. At the same time, the prices of silver saw a decline more than gold. The price of the silver contract for delivery on May 5, 2026 fell by 2.10 percent to reach Rs 2,38,163 per kg.
Today's latest rates in major cities of the country
Changes in gold prices have also been observed in the spot market across major cities across the country. In the capital Delhi, the price of 24-carat gold is ₹15,261 per gram, while 22-carat is selling for ₹13,990 and 18-carat for ₹11,449 per gram. Gold prices remained consistent in the financial capital Mumbai, as well as Kolkata and Bengaluru. In these three cities, 24-carat gold is trading at ₹15,246, 22-carat at ₹13,975, and 18-carat at ₹11,434 per gram. Meanwhile, in Chennai, gold is selling slightly more expensive than in other cities. Here, the price of 24-carat gold is recorded at ₹15,338, 22-carat at ₹14,060, and 18-carat at ₹11,730 per gram.
Prices fall amid tension in the international market
Globally, gold prices fell by nearly 2 percent on Monday, according to data from Trading Economics. This decline has pushed gold below the crucial $4,700 per ounce level. Market experts believe that this decline, following last week's significant rally, is primarily due to global geopolitical tensions. The US's plan to impose sanctions on the Strait of Hormuz and the failure of talks with Iran have significantly increased concerns about a global energy crisis, which is now having a direct impact on the bullion market.