Gold Prices Extend Weekly Losses; Check Latest 22K and 24K Gold Rates in Major Indian Cities
Gold Price Today: Gold prices continued their downward trend at the start of the new week, with rates falling across most major Indian cities on June 8, 2026. The precious metal has witnessed a significant decline over the past seven days as global uncertainties, changing investor sentiment, and international market developments weighed on demand. Here's a detailed look at today's gold and silver prices and the factors influencing the market.
Gold Becomes Cheaper Across Major CitiesGold prices have been under pressure in both domestic and international markets. On Monday morning, the price of 24-carat gold declined further in several cities, extending losses recorded during the previous week.
In the national capital, Delhi, 24-carat gold was trading at ₹1,55,900 per 10 grams, while 22-carat gold was available at ₹1,40,140 per 10 grams.
Market data indicates that 24-carat gold prices have fallen by nearly ₹4,690 per 10 grams over the past week, while 22-carat gold has declined by around ₹4,300 during the same period.
Analysts believe that uncertainty surrounding a potential ceasefire agreement involving the United States and Iran has reduced fresh safe-haven buying in gold. As geopolitical concerns evolve, investors have become more cautious about increasing exposure to precious metals.
International Gold Prices Remain Under PressureThe weakness in domestic gold prices mirrors trends in global markets.
Spot gold in international trading was quoted at approximately $4,470.79 per ounce
Since India imports a large portion of its gold requirements, international price movements have a direct impact on local rates.
Latest Gold Rates in Major Indian CitiesHere are the latest gold prices for June 8, 2026:
City 22-Carat Gold (Per 10g) 24-Carat Gold (Per 10g)| Delhi | ₹1,40,140 | ₹1,55,900 |
| Mumbai | ₹1,39,990 | ₹1,52,720 |
| Ahmedabad | ₹1,40,040 | ₹1,55,800 |
| Chennai | ₹1,41,990 | ₹1,54,900 |
| Kolkata | ₹1,39,990 | ₹1,52,720 |
| Hyderabad | ₹1,39,990 | ₹1,52,720 |
| Jaipur | ₹1,40,140 | ₹1,55,900 |
| Bhopal | ₹1,40,040 | ₹1,55,800 |
| Lucknow | ₹1,40,140 | ₹1,55,900 |
| Chandigarh | ₹1,40,140 | ₹1,55,900 |
Delhi:
24-carat gold is priced at ₹1,55,900 per 10 grams, while 22-carat gold stands at ₹1,40,140.
Mumbai and Kolkata:
24-carat gold is trading at ₹1,52,720 per 10 grams, while 22-carat gold is available at ₹1,39,990.
Chennai:
24-carat gold is priced at ₹1,54,900 per 10 grams, while 22-carat gold is quoted at ₹1,41,990.
Pune and Bengaluru:
Both cities are witnessing similar rates, with 24-carat gold at ₹1,52,720 and 22-carat gold at ₹1,39,990 per 10 grams.
The decline is not limited to gold. Silver prices have also remained under pressure.
As of June 8, silver was trading at approximately ₹2,64,900 per kilogram in the domestic market. Over the past week, silver prices have reportedly dropped by around ₹15,000 per kilogram.
In international markets, spot silver was quoted near $72.89 per ounce
Several domestic and international factors are influencing precious metal prices:
1. Global Geopolitical DevelopmentsInvestors are closely monitoring developments related to international conflicts and diplomatic negotiations. Any signs of easing tensions can reduce demand for gold as a safe-haven asset.
Market participants have become cautious amid changing economic conditions, resulting in reduced fresh buying in bullion.
3. Currency MovementsThe strength of the Indian rupee against the U.S. dollar affects import costs and ultimately influences domestic gold prices.
4. International Commodity TrendsGlobal precious metal prices continue to react to inflation expectations, interest rate outlooks, and central bank policies.
Market experts suggest that long-term investors should focus on their financial goals rather than short-term price fluctuations. While current corrections may create opportunities for gradual accumulation, future price movements will largely depend on global economic data, geopolitical developments, and central bank decisions.
Investors considering gold purchases should evaluate their risk profile and investment horizon before making decisions.
ConclusionGold and silver prices started the week on a weaker note, with rates declining across most major cities in India. The recent correction has been driven by a combination of global uncertainties, changing investor sentiment, and movements in international commodity markets. As the week progresses, traders and investors will closely monitor geopolitical developments and economic indicators that could influence the next move in precious metals.
Disclaimer: Precious metal prices fluctuate based on market conditions and may vary by city, jeweler, taxes, and making charges. Investors should consult financial advisors before making investment decisions.