Gold Price: Gold posts its sharpest June fall since 2008, marking the biggest monthly decline in 18 years.

Gold Price: Gold prices have frequently fluctuated recently, but the drop observed on Tuesday—the last day of June—marks a phenomenon not seen in the past 18 years.

Gold Price: Gold prices are always subject to fluctuations. However, for some time, the trend had been upward. Recent tensions in the Middle East had created significant uncertainty, yet no one anticipated such a sharp decline in gold prices. This is the first time in nearly 18 years that gold prices have fallen so drastically.

Drop in Gold Prices

A significant drop in gold prices was observed on Tuesday. On June 30—the final day of the month—the price of gold fell by approximately 12%. Escalating tensions in the Middle East and the anticipation of rising interest rates in the US are cited as the primary reasons for this decline. Investors fear that the US central bank (Federal Reserve) might raise interest rates multiple times this year to curb inflation.

What is the recorded price?

According to a Reuters report, the spot gold price fell by 0.8% on Tuesday to $3,985.57 per ounce (approximately ₹3.77 lakh). Gold prices have dropped by about 12% so far in June, marking a decline for the fourth consecutive month. Meanwhile, US gold futures for August delivery also fell by 1% to $3,999.20 per ounce (approximately ₹3.78 lakh).

Changes in Silver Prices

Along with gold, a decline in silver prices has also been recorded. The price of silver fell by 1.3% to $57.53 per ounce (approximately ₹5,400). Meanwhile, platinum dropped 0.7% to $1,563.25 per ounce (approximately ₹1.48 lakh).

First decline of this magnitude in 18 years

The last time such a sharp decline in gold prices was witnessed was in October 2008. The drop recorded in June 2026 marks the most significant monthly decline in nearly 18 years. However, given the prevailing tense situation, no one had anticipated such a fall.