Gold Prices Extend Decline as 10 Grams Become ₹1,050 Cheaper in Two Days; Silver Also Falls

Gold and Silver Rates Today: Precious Metals Continue to Slide Across Major Indian Cities

The domestic bullion market witnessed another day of weakness on June 9, 2026, as gold prices dropped for the second consecutive session. Silver also joined the downward trend after remaining unchanged for a day, offering some relief to buyers who have been closely monitoring the precious metals market.

Over the past two days, the price of 24-carat gold has fallen by ₹1,050 per 10 grams, while 22-carat gold has become cheaper by ₹960 per 10 grams. The decline comes after a period of heightened volatility in the global commodities market, where geopolitical uncertainties and fluctuations in crude oil prices have influenced investor sentiment.

Gold Continues to Lose Momentum

Gold, which is traditionally considered a safe-haven asset during uncertain times, has struggled to maintain its upward trajectory. Market analysts suggest that changing global economic conditions, fluctuating energy prices, and profit-booking by investors have contributed to the recent correction in bullion prices.

This latest drop follows a significant decline recorded earlier. Before prices stabilized on June 7, 24-carat gold had already fallen by ₹3,490 per 10 grams over three consecutive trading sessions. During the same period, 22-carat gold witnessed a decline of ₹3,200 per 10 grams.

On June 9, gold prices in the national capital edged lower once again, with both 24-carat and 22-carat variants registering a marginal decline compared to the previous day.

Latest Gold Rates in Major Indian Cities

The following are the prevailing prices of 10 grams of gold across key Indian cities:

Among the cities listed, Chennai continues to record the highest gold prices across all purity categories.

Silver Prices Also Under Pressure

Silver prices mirrored gold's weakness and declined for the second straight day after remaining stable for one session. The white metal has witnessed a sharp correction in recent days, reflecting softer industrial demand and changing market dynamics.

Over the last two trading sessions, silver prices have dropped by ₹5,100 per kilogram. Prior to the brief period of stability, silver had already recorded a massive decline of ₹15,000 per kilogram over two consecutive days.

On June 9, silver prices in Delhi slipped by another ₹100 per kilogram, taking the rate to ₹2,59,900 per kilogram.

Silver Rates in Major Metro Cities

Silver prices remained largely uniform across several metropolitan markets:

• Delhi: ₹2,59,900 per kg

• Mumbai: ₹2,59,900 per kg

• Kolkata: ₹2,59,900 per kg

• Chennai: ₹2,69,900 per kg

Among these cities, Chennai continues to command the highest silver price, trading ₹10,000 above the rates seen in Delhi, Mumbai, and Kolkata.

What Buyers Should Watch Next

Market experts believe bullion prices may continue to remain sensitive to international developments, including crude oil movements, geopolitical tensions, currency fluctuations, and central bank policies. Investors and jewellery buyers are advised to monitor daily price trends before making major purchases.

While the recent correction has made gold and silver more affordable than last week's levels, analysts expect volatility to persist in the coming days. For long-term investors, these price dips could present an opportunity to accumulate precious metals at comparatively lower rates.