Silver down ₹5,448 today, slips ₹16,000 in two days:Gold falls ₹2,817 to ₹1.42 lakh, down ₹14,285 this month

Gold and silver prices continued their decline on June 24, with silver becoming cheaper by ₹5,448 per kg and gold falling by ₹2,817 per 10 grams. According to the India Bullion and Jewellers Association (IBJA), silver is now priced at ₹2.22 lakh per kg, while 24-carat gold has slipped to ₹1.42 lakh per 10 grams. Silver has declined by nearly ₹16,000 in the last two days, while gold and silver have fallen by ₹14,285 and ₹41,315, respectively, since the beginning of June.
Silver down ₹1.64 lakh from record high in 146 days Gold and silver have witnessed sharp fluctuations this year. Gold, which was priced at ₹1.33 lakh per 10 grams on December 31, 2025, rose to a record ₹1,76,121 on January 29. Since then, it has fallen by around ₹34,000. Silver climbed from ₹2.30 lakh per kg at the end of 2025 to an all-time high of ₹3,85,933 per kg on January 29. In the subsequent 146 days, the metal has declined by ₹1.64 lakh and is currently trading at ₹2,22,035 per kg. Gold prices (₹ per 10 grams) Why are gold and silver prices falling? 1. Easing geopolitical tensions A ceasefire agreement between the US and Iran has reduced concerns over a wider conflict in West Asia. As a result, investors have started moving money away from safe-haven assets such as gold and silver. 2. US Federal Reserve’s hawkish stance The Federal Reserve has indicated that interest rates may remain elevated or even rise further this year. Higher rates reduce the attractiveness of non-yielding assets like precious metals. 3. Stronger US dollar The US Dollar Index has strengthened following the Fed’s signals. A stronger dollar generally weighs on international gold and silver prices. 4. Profit booking after record highs Gold and silver had recently touched record levels. Investors and traders have been booking profits, leading to a sharp correction. 5. Selling pressure in ETFs Heavy outflows from gold and silver exchange-traded funds (ETFs) have added to the decline. Silver ETFs have seen around 6% selling, while gold ETFs have witnessed nearly 3% outflows. Two things to keep in mind while buying gold Buy only BIS-hallmarked jewellery Always purchase jewellery carrying the Bureau of Indian Standards (BIS) hallmark. The alphanumeric hallmark code certifies the purity of gold. Cross-check daily prices Verify the prevailing gold rates from multiple sources, including IBJA, before making a purchase. Prices vary depending on purity levels such as 24 carat, 22 carat and 18 carat. Purity of gold by carat Higher carat gold contains a greater proportion of pure gold, with 24-carat gold being the purest form commonly available. Four ways to identify genuine silver Magnet test Real silver does not stick to a magnet. If it does, it is likely to be fake. Ice test Ice melts rapidly on real silver because of its high thermal conductivity. Smell test Pure silver is odourless. A copper-like smell may indicate impurities. Cloth test Rub the metal with a white cloth. If black marks appear, the silver is likely genuine. ​