New Delhi, 20 June (IANS). There is good news for gold and silver buyers. The prices of both valuable constituents have seen a decline on Friday.
According to the India Bullion Jewelers Association (IBJA), the price of 10 grams of 24 carats has come down by Rs 570 to Rs 98,691, which was earlier Rs 99,261.
The price of 22 carat gold has come down to Rs 90,401 per 10 grams, which was earlier at Rs 90,923. At the same time, the price of 18 carat gold has been reduced from Rs 74,446 per 10 grams to Rs 74,018 per 10 grams.
Silver prices have also declined with gold. The price of silver has come down by Rs 608 to Rs 1,06,775 per kg, which was earlier Rs 1,07,383 per kg.
The decline in the price of gold and silver is due to the US intervention in the Israeli-Iran struggle to postpone for the next two weeks and indicate global instability.
The futures market is also seeing a decline in gold and silver prices.
On the multi -commodity exchange (MCX), the price of gold of gold on 5 August 2025 has been reduced by 0.71 percent to Rs 98,622 and the contract of silver 4 July 2025 has come down by 1.11 percent to Rs 1,06,198.
Like the futures market, gold and silver are trading internationally with weakness. By the time the news was written, gold fell 1.23 percent to $ 3,366.10 an ounce and silver fell by 2.43 percent to $ 36.015 an ounce.
Since January 1, the price of 10 grams of gold of 24 carats has increased from Rs 76,162 to Rs 22,529 or 29.58 percent to Rs 98,691. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 20,181 or 23.46 percent to Rs 1,06,198 per kg.
-IANS
ABS/