Gold Prices Drop Significantly; Best Time to Invest?
With a significant drop in gold and silver prices, today presents a golden opportunity for those considering purchasing jewellery or investing. The 24-carat gold rate has fallen by ₹3,470, while the price of silver has crashed by ₹15,748, making it an ideal time to buy.
Highlights
- •Gold and Silver Prices Fall
- •Significant Drop Seen in Gold Market
- •Opportunity for Jewellery Buyers
- •Silver Price Plummets
The gold and silver prices experienced a significant dip today, June 8. The India Bullion and Jewellers Association (IBJA) reported midday rates that offer buyers a compelling opportunity. According to the IBJA, the price of 10 grams of 24-carat gold has dropped by ₹3,470, reaching ₹1,50,768 per 10 grams.
Meanwhile, the price for 1 kilogram of silver plummeted by ₹15,748 to settle at ₹2.41 lakh. With such substantial reductions in prices, this could be a perfect time to buy jewellery or make an investment.
Current Gold Prices per 10 Grams
24 Carat: ₹1,50,768
23 Carat: ₹1,50,164 (dropped by ₹3,456)
22 Carat: ₹1,38,103 (dropped by ₹3,179)
18 Carat: ₹1,13,076 (dropped by ₹2,603)
14 Carat: ₹88,199 (dropped by ₹2,030)
The gold price has seen fluctuations over the past year. As of December 31, 2025, it stood at ₹1,33 lakh and rose to ₹1,76 lakh by January 29. Since then, gold rates have dropped by approximately ₹25,000. The all-time high for silver was hit on January 29 at ₹3,86 lakh, but since then, its price has seen a significant decline of ₹1,45 lakh.
The decrease in prices reflects an interesting trend in the market and could provide investors and consumers with a chance to capitalize. It is important for buyers to note that these rates do not include GST; making charges are also applicable separately.
