By Admin 
- Gold and silver prices fell in the Indian bullion market today.
- Global selling increased due to strong US employment data and dollar.
- Prices fell further due to international selling and Middle East peace expectations.
Gold-Silver Price Today on June 6: Today, a huge fall has been recorded in the prices of gold and silver in the Indian bullion market. There has been profit booking at the global level due to the arrival of strong employment data (Non-Farm Payrolls Data) in America and the strengthening of the dollar. Due to this, the prices of both have reduced on the domestic market (MCX).
Yesterday i.e. on Friday, gold closed at around Rs 1600 to Rs 1850 per 10 grams in India Bullion and Jewelers Association (IBJA) and MCX. At the same time, silver also closed with a fall of Rs 4000-5800 per kg. Since both IBJA and MCX futures markets remain closed on Saturday and Sunday, the prices remain at yesterday’s low level.
city wise gold prices
| City | 24 carat gold price (per 10 grams) | 22 carat gold price (per 10 grams) |
| Delhi | Rs 1,55,870 | Rs 1,42,890 |
| Mumbai | Rs 1,55,720 | Rs 1,42,740 |
| Kolkata | Rs 1,55,720 | Rs 1,42,740 |
| Chennai | Rs 1,57,950 | Rs 1,44,290 |
price of silver
Today the average retail price of silver in India remains between Rs 2,74,900 to Rs 2,79,900 per kg. Price of silver in Delhi: The price of 10 grams of silver is Rs 2749 and the price of one kilogram is Rs 2,79,900. The price of 10 grams and one kg silver in Mumbai and Kolkata is Rs 2750 and Rs 2,75,000 respectively. At the same time, the prices in Chennai are slightly higher at Rs 2800 per gram and Rs 2,80,000 per kilogram.
Why did the price of gold and silver fall?
Strong US labor data- During May, new jobs in America increased more than expected (1.72 lakh). Due to this the American economy looks strong. In such a situation, the US Federal Reserve (US Fed) is not expected to cut interest rates soon. Amidst the possibility of higher interest rates, investors are withdrawing money from gold.
International sales- In the global spot market, gold has fallen below $4450 per ounce and silver below $73 per ounce, due to which prices in India have fallen.
Hopes for peace in the Middle East- The news of ceasefire between Israel and Lebanon has also reduced the nervousness among investors in the market and their inclination towards safe investments has reduced slightly.
Also read:
LPG Price Today: What is the price of 14.2 kg domestic cylinder today? Check the rate of commercial cylinder also