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Good news for gold and silver buyers, prices declined

by Aaryan Srivastav
June 11, 2025
Good news for gold and silver buyers, prices declined

New Delhi, 11 June (IANS). There is good news for gold and silver buyers. The prices of both valuable constituents have seen a decline on Wednesday.

According to the India Bullion Jewelers Association (IBJA), the price of 10 grams of 24 carats has come down by Rs 124 to Rs 96,235, which was earlier Rs 96,359.

The price of 22 carat gold has come down to Rs 88,151 per 10 grams, which was earlier at Rs 88,265. At the same time, the price of 18 carat gold has been reduced from Rs 72,269 per 10 grams to Rs 72,176 per 10 grams.

Silver prices have also declined with gold. The price of silver has come down by Rs 1,506 to Rs 1,05,494 per kg, which was earlier Rs 1,07,000 per kg.

In the futures market, gold and silver prices were traded in the opposite direction.

The price of gold on the multi -commodity exchange (MCX) on 5 August 2025 has increased by 0.32 percent to Rs 97,126 and the price of silver on July 4, 2025, has come down by 0.57 percent to Rs 1,06,139.

Like the futures market, gold and silver prices were traded in the opposite direction internationally. By the time the news was written, gold was increased by 0.60 percent to $ 3,362.20 an ounce and silver fell by 0.52 percent to $ 33.44 an ounce.

Since January 1, the price of 10 grams of gold of 24 carats has increased from Rs 76,162 to Rs 20,073 or 26.35 percent to Rs 96,235. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 19,477 or 22.64 percent to Rs 1,05,494 per kg.

Additionally, the rupee rose by 10 paise to close at 85.44 against the dollar. The reason for this is believed to be FII and DII purchases and the dollar index is being flat.

-IANS

ABS/

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