There has been a huge fall in the prices of gold and silver. After the US Federal Reserve’s decision related to interest rates, there has been a sharp decline in the prices of these precious metals. On Thursday, gold and silver prices fell by up to ₹8,800. From the international and Indian commodity markets to the bullion market, a fall in prices has been recorded.
Silver prices fell by more than ₹8,800 on the Multi Commodity Exchange (MCX) and fell below ₹2.45 lakh. Silver prices are down by 3.51% (i.e. ₹8,840) and are trading at ₹2,42,967 per kg. Similarly, gold prices have also seen a major decline; On MCX, gold prices are down by ₹3,200 (ie 2.12%) and are trading at ₹1,50,616 per 10 grams.
**Fall in 24-carat gold prices**
The prices of gold and silver have also fallen in the bullion market. Here, the price of 24-carat gold has fallen by more than ₹800 to ₹1.49 lakh per 10 grams. The price of 22-carat gold is ₹1.36 lakh per 10 grams, while the price of 18-carat gold is ₹1.12 lakh per 10 grams. At the same time, the price of silver has fallen by ₹4,000 to ₹2.43 lakh per kg.
**Gold and silver prices in international market**
Prices have also fallen in the international market. The price of gold has fallen by $55 (or 1.28%) to $4,325.22 per ounce. Similarly, the price of silver fell by 2.53% to $68.98 an ounce.
**Why did the prices of gold and silver fall so much?**
The US central bank, the Federal Reserve (Fed), made no changes in interest rates at its June 2026 meeting and kept the federal funds rate in the range of 3.50% to 3.75%. However, officials indicated that the possibility of interest rate increases before the end of the year could not be ruled out as inflation is still high. Gold and silver prices fell sharply due to the decision to keep rates steady and concerns over inflation.
Expressing concern, Fed Chairman Kevin Wersh said that inflation is still a matter of concern and interest rate cuts should not be expected at this time. Warsh’s stance on inflation is tough; As a result, the market is now considering the possibility of interest rates rising in late 2026.
