Precious metal prices saw a slight downturn across major Indian cities on June 8, 2026, as global markets reacted to ongoing geopolitical tensions in West Asia and mixed signals from the US dollar. Despite their traditional role as safe-haven assets, gold and silver did not exhibit sharp upward movements, reflecting cautious investor sentiment and consistent domestic demand.
Gold Rates Today
As per the latest retail market rates, 24-carat gold was trading at approximately ₹15,272 per gram in cities like Mumbai and Kolkata, while 22-carat gold was priced around ₹13,999 per gram in the same locations. Prices varied slightly across other metros due to local taxes, transportation costs, and jeweler margins.
- Delhi: 24K Gold at ₹15,590 per gram, 22K Gold at ₹14,014 per gram.
- Mumbai: 24K Gold at ₹15,272 per gram, 22K Gold at ₹13,999 per gram.
- Kolkata: 24K Gold at ₹15,272 per gram, 22K Gold at ₹13,999 per gram.
- Chennai: 24K Gold at ₹15,490 per gram, 22K Gold at ₹14,199 per gram.
Gold prices in India are primarily influenced by international bullion rates, the movement of the rupee against the dollar, import duties, and seasonal demand for jewelry. The approaching wedding and festive season in some regions is helping maintain stable retail demand, preventing more significant price corrections.
Silver Rates Today
Silver prices continue to trade at elevated levels compared to long-term averages, bolstered by both industrial demand and investment buying. Unlike gold, silver's valuation is more sensitive to global manufacturing trends, which can lead to increased volatility during uncertain economic conditions.
- Delhi: Silver at ₹2,649 per 10gm, or ₹2,64,900 per kilogram.
- Mumbai: Silver at ₹2,649 per 10gm, or ₹2,64,900 per kilogram.
- Kolkata: Silver at ₹2,649 per 10gm, or ₹2,64,900 per kilogram.
- Chennai: Silver at ₹2,699 per 10gm, or ₹2,69,900 per kilogram.
Futures Market Overview
On the Multi Commodity Exchange (MCX), gold futures for July delivery settled slightly lower at ₹154,160 per 10 grams on June 7, experiencing a 1.03% dip. Silver futures for August also faced selling pressure, falling nearly 2.30% to ₹243,390 per kilogram. This mild pressure on bullion, with silver seeing a sharper correction, indicates a cautious stance among traders. Analysts suggest that global macroeconomic cues, currency movements, and geopolitical developments will be key in determining the future trajectory of precious metals.