By Admin 
- International tension, strong dollar made gold and silver fall.
- Gold becomes cheaper by Rs 4300 per ten grams.
- Silver became cheaper by Rs 8100 per kg.
- Fear of rising inflation and interest rates reduced investment.
Gold-Silver Rate Today on June 10: Today, a big fall in the prices of gold and silver is being seen in the international and domestic bullion markets. In West Asia, due to new military tension between Iran and America and strong US dollar, there has been a big fall of 1-3% in both the precious metals.
How much did gold become cheaper?
Today, the price of 24 carat gold has fallen significantly by Rs 4300 per 10 grams, while 22 carat gold used for jewelery is being sold in the range of Rs 1,36,450 to Rs 1,37,160 per 10 grams. In the global market, gold is currently trading around $ 4175 per ounce, which is more than 25% below its high level of $ 5602 per ounce at the beginning of the year.
city wise gold prices
| City | 24 carat gold price (per gram) | 22 carat gold price (per gram) |
| Delhi | Rs 14,901 | Rs 13,660 |
| Mumbai | Rs 14,886 | Rs 13,645 |
| Kolkata | Rs 14,886 | Rs 13,645 |
| Chennai | Rs 15,055 | Rs 13,800 |
| Bengaluru | Rs 14,886 | Rs 13,645 |
| Pune | Rs 14,886 | Rs 13,645 |
| Jaipur | Rs 14,901 | Rs 13,660 |
Silver prices also declined
The future price of silver on Multi Commodity Exchange (MCX) has fallen by about Rs 8,100 to Rs 8,200 per kg (3.3%) to the level of Rs 2,38,225. In cities like Delhi and Mumbai, the rate of 999 fine silver has fallen to Rs 2,35,520-2,36,110 per kg. Spot silver in the international market has fallen 1.4% to $ 64.48 an ounce, which is its lowest level since March.
Why did gold and silver prices fall?
Fear of inflation and interest rates – Due to the renewed tension between America and Iran and the resulting rise in crude oil prices, fears of rising inflation at the global level have increased. Investors fear that the US Federal Reserve may keep interest rates high for a long time, which will weaken the demand for non-yielding assets (gold and silver).
Strong US Dollar- Amidst geopolitical uncertainty, global investors have chosen the dollar as a safe option. With the dollar index crossing 99.95, buying gold and silver against currencies of other countries has become expensive. Apart from this, the fall in silver has deepened due to profit booking and selling by AI based traders in the last few days.
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