New Delhi: If you are also planning to buy gold or silver for marriage or investment, then this news will definitely bring a smile on your face. There has been a continuous decline in the prices of gold and silver in the domestic bullion market for the last one week. This is no less than a big relief for the buyers of gold and silver because within just a week their prices have come down significantly. Market experts say that this softening of prices is being seen due to international signals and slowdown in demand in the domestic market.

Big fall in gold prices, 24 carat slipped to ₹6,680

A huge fall has been recorded in the prices of gold in the Indian markets. If we look at the data of the last seven days, pure 24 carat gold has slipped down to Rs 6,680. At the same time, 22 carat gold used for making jewelery has also become cheaper by about Rs 3,400. However, last Friday, i.e. on June 12, a rise of Rs 3,000 was seen in the gold price in Delhi’s bullion market and it reached the level of Rs 1,56,900 per 10 grams. On the contrary, if we talk about the international market, spot gold is currently trading at the level of $ 4,206.88 per ounce.

From Delhi to Chennai, know the latest gold prices in major cities

There is a slight difference in the prices of gold due to taxes and local taxes in different metros of the country. The latest rates that have come out today i.e. the morning of June 14 are as follows:

• Delhi: Today in Delhi, the price of 24 carat gold is ₹ 1,49,230 per 10 grams and the price of 22 carat gold is ₹ 1,36,800 per 10 grams.


• Mumbai, Kolkata, Pune and Bengaluru: Today gold prices are the same in these four big cities. Here 24 carat gold is being sold at ₹ 1,49,080 per 10 grams and 22 carat gold is being sold at ₹ 1,36,650 per 10 grams.


• Chennai: Gold prices are slightly higher in Chennai today. Here the rate of 24 carat gold is ₹ 1,51,200 and the rate of 22 carat gold is ₹ 1,38,600 per 10 grams.

Silver prices also fell drastically, prices fell by ₹5,000 per kg

Like gold, this week has been a great week for silver investors and buyers too. There has been a huge decline of Rs 5,000 per kg in the price of silver on a weekly basis. After this huge fall, today on June 14, the price of silver remains at Rs 2,60,000 per kg. Talking about the global level, spot silver is trading at $ 67.02 per ounce in the international market.

Why did this big fall in the prices of gold and silver happen?

Now this question must be arising in your mind that why suddenly both the precious metals started becoming so cheap? Actually, gold and silver prices in the domestic market not only depend on local demand, but are also greatly influenced by global factors. At present, the direct impact of the strength of the dollar across the world and the ongoing fluctuations in the global market is visible on the Indian bullion market. In such a situation, market experts are advising investors to verify the latest prices from registered and authentic jewelers of their city before making any big purchase or investment.