Amid global economic uncertainties and volatility in the commodity markets, gold and silver prices witnessed a sharp fall today. According to the latest data from MCX (Multi Commodity Exchange) – or the futures market – both gold and silver futures contracts are trading with losses. Silver is witnessing a huge fall of over ₹4,500, while gold has also fallen by over ₹1,800. Let’s take a closer look at the current state of futures trades for these two precious metals in the bullion market today.
Gold price falls: Rate falls by over ₹1,800
Heavy weakness is being seen today in gold futures maturing on June 5, 2026. Today gold fell by ₹1,842.00 and closed at ₹1,53,785.00. In percentage terms, gold prices recorded a decline of 1.18% today.
Silver loses its shine: Big fall of over ₹4,500
Compared to gold, silver prices are witnessing a steeper decline today. Investors have made heavy sales in futures contracts maturing on July 3, 2026. Today, a big fall of ₹ 4,521.00 was seen in silver, taking it to the level of ₹ 2,61,691.00. Today, a huge fall of 1.70% was recorded in silver prices, which has brought a lot of relief to the buyers. **Change in rules in UP from June 1:** These 20 big rules are going to change in UP from June 1; Know what changes are going to happen—from electricity bills and salaries to alcohol and drugs.
Why are gold and silver prices falling?
The prices of precious metals in the commodity market depend on many factors. The futures market is witnessing a bearish trend today due to global geopolitical tensions, fluctuations in the dollar index, central bank policies and profit-booking activities. After prices reach high levels, investors often sell to take profits, causing a temporary decline in prices.
22-karat and 18-karat gold prices
New Delhi: 22-carat gold price: ₹1,45,240 | 18-carat gold price: ₹1,18,860
Mumbai: 22-carat gold price: ₹1,45,090 | 18-carat gold price: ₹1,18,710
Kolkata: 22-carat gold price: ₹1,45,090 | 18-carat gold price: ₹1,18,710
Bengaluru: 22-carat gold price: ₹1,44,890 | 18-carat gold price: ₹1,18,710
Ahmedabad: 22-carat gold price: ₹1,45,140 | 18-carat gold price: ₹1,18,760
Chennai: 22-carat gold price: ₹1,47,300 | 18-carat gold price: ₹1,23,600
