Gold Price Today: The decline in gold prices continued on Monday, June 8, bringing relief to buyers and investors planning fresh purchases. Both gold and silver have witnessed significant corrections over the past week as global market conditions and changing investor sentiment weighed on precious metal prices.

Gold Extends Losses for Another Day

Domestic gold prices remained under pressure at the beginning of the week. In the national capital, Delhi, the price of 24-carat gold dropped to ₹1,55,900 per 10 grams, while 22-carat gold was priced at ₹1,40,140 per 10 grams.

Market data shows that 24-carat gold has declined by nearly ₹4,690 per 10 grams over the past week. Meanwhile, 22-carat gold has become cheaper by around ₹4,300 per 10 grams during the same period.

The ongoing correction comes amid cautious investor sentiment and fluctuations in global commodity markets.

International Gold Market Remains Volatile

Gold prices in India continue to track developments in international markets.

Spot gold was trading at approximately $4,470.79 per ounce in global markets. Analysts believe that uncertainty surrounding geopolitical developments, changing investment flows, and expectations regarding global interest rates continue to influence precious metal prices.

Since India imports a large portion of its gold requirements, movements in international bullion markets directly impact domestic prices.

Latest Gold Rates in Major Indian Cities

Here are the latest gold prices for June 8, 2026:

City-Wise Gold Price Highlights

Delhi

Gold rates in Delhi stood at:

• 22-Carat Gold: ₹1,40,140 per 10 grams
• 24-Carat Gold: ₹1,55,900 per 10 grams

Mumbai and Kolkata

Both cities reported similar rates:

• 22-Carat Gold: ₹1,39,990 per 10 grams
• 24-Carat Gold: ₹1,52,720 per 10 grams

Chennai

In Chennai:

• 22-Carat Gold: ₹1,41,990 per 10 grams
• 24-Carat Gold: ₹1,54,900 per 10 grams

Pune and Bengaluru

Gold prices remained largely aligned with Mumbai rates:

• 22-Carat Gold: ₹1,39,990 per 10 grams
• 24-Carat Gold: ₹1,52,720 per 10 grams

Silver Prices Also Continue to Decline

Silver prices have followed a similar trend and remain under pressure.

On the morning of June 8, silver was trading at approximately ₹2,64,900 per kilogram in the domestic market.

The white metal has recorded a sharp correction over the past week, with prices falling by nearly ₹15,000 per kilogram.

In international markets, spot silver was quoted at around $72.79 per ounce.

Why Are Gold and Silver Prices Falling?

Several factors are contributing to the decline in precious metal prices:

Global Market Uncertainty

Investors are closely monitoring international developments, including geopolitical tensions and economic indicators, which continue to influence safe-haven demand.

Stronger Investment Alternatives

Rising yields and expectations surrounding interest rates have encouraged some investors to shift funds away from precious metals.

Currency Movements

Fluctuations in the Indian rupee and the U.S. dollar play a key role in determining domestic bullion prices.

Changing Demand Patterns

Physical demand from key consuming markets has remained relatively cautious as buyers wait for greater price stability.

Should Investors Buy During the Dip?

Financial experts generally recommend that long-term investors focus on their investment goals rather than short-term market fluctuations. Price corrections can offer buying opportunities, but investment decisions should always align with individual risk tolerance and financial objectives.

Conclusion

Gold and silver prices continued their downward trend on June 8, with both metals recording significant weekly declines. While buyers may welcome the correction, future price movements will depend on global economic developments, investor sentiment, currency trends, and international commodity market performance.

Disclaimer: Precious metal prices fluctuate frequently and may vary across cities, dealers, taxes, and making charges. Investors should consult financial advisors before making investment decisions.