The price of gold and silver has fallen this week. Gold price decreased by ₹6,400, and that of silver declined by ₹14,300. According to IBJA, 24-carat gold price fell to ₹1,47,800 per 10 grams this week from ₹1,54,238 previously.

22-carat gold is currently priced at ₹1,35,385 per 10 grams, having fallen from ₹1,41,282 previously. 18-carat gold is being sold at ₹1,10,850 per 10 grams, falling from ₹1,15,679 before. This week, the lowest gold price was ₹1,44,782 per 10 grams on the morning of June 11, while the highest price was ₹1,52,519 per 10 grams in the morning session of June 9th. Along with gold, the price of silver has also seen a decline.

Silver was lower by ₹14,326 to reach ₹2,42,582 per kg compared to ₹2,56,908 per kg. During this week, the lowest level of silver was registered at ₹2,32,591 per kg in the evening on June 11. The highest level was at ₹2,45,938 per kg in the evening on June 9. On account of global instability, the international price of gold was at $4,248 per ounce, while that of silver was at $68 per ounce.

As mentioned by analysts, the main reason for a decrease in prices of gold and silver lies in the fear of rising inflation and crude oil prices because of a confrontation between the US and Iran. Moreover, the probability of increase in interest rates pushed investors to take profits from gold and silver. During the last 12 months, gold and silver provided good returns to investors, gaining more than 24 percent and 87 percent, respectively.