Gold and Silver Prices in India Today, 10 June 2026: 24K Gold Drops ₹3,040 to ₹1,49,560, Silver Falls 1.67% as US Inflation Data Looms
Gold and silver prices in India today, 10 June 2026: 24K gold fell ₹3,040 to ₹1,49,560 per 10g and silver dropped 1.67% to ₹2,35,020 per kg as markets brace for US CPI inflation data. Check city-wise rates, MCX futures, and buying tips.
Gold and silver prices fell sharply across Indian markets on Wednesday, 10 June 2026, as investors turned cautious ahead of key US inflation data due later in the day. Spot gold collapsed below $4,200 per ounce, and spot silver dropped by nearly 2% ahead of US CPI inflation data. Markets are estimating the US inflation rate to climb to 4.2% in May, which could be its highest level in three years. As of 3:35 PM IST, 24K gold is trading at ₹1,49,560 per 10 grams and silver 999 Fine at ₹2,35,020 per kg, per Bullions.co.in.
Quick Snapshot
| Metal | Today (10 June) | Yesterday (9 June) | Change |
|---|---|---|---|
| Gold 24K (per 10g) | ₹1,49,560 | ₹1,52,600 | 🔴▼ −1.99% |
| Gold 22K (per 10g) | ₹1,37,097 | — | — |
| Silver 999 (per kg) | ₹2,35,020 | ₹2,39,010 | 🔴▼ −1.67% |
Source: Bullions.co.in. Last updated 10 Jun 2026, 15:35 IST.
City-Wise Gold and Silver Rates Today in India, 10 June 2026
Prices vary across cities due to state taxes, local duties, and logistics costs.
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,36,450 | ₹1,48,800 | ₹2,35,020 |
| Mumbai | ₹1,36,310 | ₹1,48,660 | ₹2,35,020 |
| Chennai | ₹1,37,930 | ₹1,50,420 | ₹2,35,020 |
| Hyderabad | ₹1,36,310 | ₹1,48,660 | ₹2,35,020 |
| Bengaluru | ₹1,36,310 | ₹1,48,660 | ₹2,35,020 |
| Kolkata | ₹1,36,310 | ₹1,48,660 | ₹2,35,020 |
| Pune | ₹1,36,310 | ₹1,48,660 | ₹2,35,020 |
| Ahmedabad | ₹1,36,760 | ₹1,49,190 | ₹2,35,020 |
| Lucknow | ₹1,36,450 | ₹1,48,800 | ₹2,35,020 |
| Jaipur | ₹1,36,450 | ₹1,48,800 | ₹2,35,020 |
Rates are indicative bullion prices as of 10 June 2026. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.
Muskaan Kapoor
Gold Rate Analysis Today
24K gold is trading at ₹1,49,560 per 10 grams today, down ₹3,040 or 1.99% from yesterday's close of ₹1,52,600. This is a significant single-day fall and marks a continuation of the broader downtrend that has gripped gold through most of June.
Gold prices in India have been mostly falling in June 2026. At the time of writing, MCX gold was registering a decline of around 1.5%, with weak global trends toppling domestic prices. Gold maintained a heavily offered tone through the first half of the European session, trading near its lowest level since 23 March. Renewed hostilities between the US and Iran are fuelling inflationary concerns and bolstering bets for more hawkish central banks.
Citigroup lowered its near-term target for COMEX gold, citing stabilising real yields, a stronger short-term dollar bias, easing geopolitical tensions, declining safe-haven premiums, and moderation in physical demand from central banks and ETFs.
Compared to one week ago on 3 June, gold is down 5.68% from ₹1,58,560. Year-on-year, however, gold remains up 54.17% from ₹97,010 a year ago.
| Period | 24K Gold (per 10g) | Change |
|---|---|---|
| Today (10 June 2026) | ₹1,49,560 | — |
| Yesterday (9 June 2026) | ₹1,52,600 | 🔴▼ −1.99% |
| One Week Ago (3 June 2026) | ₹1,58,560 | 🔴▼ −5.68% |
| One Month Ago (11 May 2026) | ₹1,54,330 | 🔴▼ −3.09% |
| One Year Ago (10 June 2025) | ₹97,010 | 🟢▲ +54.17% |
Silver Rate Analysis Today
Silver 999 Fine is trading at ₹2,35,020 per kg today, down ₹3,990 or 1.67% from yesterday's ₹2,39,010. The fall is steep and reflects the broader global sell-off in precious metals ahead of the US inflation print.
On COMEX, silver is down 1.92% to $63.99 per ounce, with the day's range spanning from $63.55 to $65.48. The wide intraday range shows elevated volatility. Silver, lithium, and platinum are among the worst-performing metals in the commodity market over the past one month.
Compared to one week ago, silver has fallen a steep 10.90% from ₹2,63,780 per kg. The scale of the weekly decline reflects how quickly sentiment has shifted since the strong US jobs data last Friday. Year-on-year, silver is still up 119.58% from ₹1,07,030 a year ago, underscoring its long-term strength despite the current weakness.
| Period | Silver 999 (per kg) | Change |
|---|---|---|
| Today (10 June 2026) | ₹2,35,020 | — |
| Yesterday (9 June 2026) | ₹2,39,010 | 🔴▼ −1.67% |
| One Week Ago (3 June 2026) | ₹2,63,780 | 🔴▼ −10.90% |
| One Month Ago (11 May 2026) | ₹2,78,690 | 🔴▼ −15.67% |
| One Year Ago (10 June 2025) | ₹1,07,030 | 🟢▲ +119.58% |
MCX Futures Data Today, 10 June 2026
Gold Futures (August 2026 Contract)
| Parameter | Value |
|---|---|
| Last Traded Price | ₹1,49,384 per 10g |
| Change | 🔴▼ −₹3,059 (−2.01%) |
| Day High | ₹1,50,853 |
| Day Low | ₹1,49,060 |
| Previous Close | ₹1,52,443 |
| COMEX Gold | $4,187.30/oz (−2.31%) |
Silver Futures (July 2026 Contract)
| Parameter | Value |
|---|---|
| Last Traded Price | ₹2,34,125 per kg |
| Change | 🔴▼ −₹4,403 (−1.85%) |
| Day High | ₹2,37,687 |
| Day Low | ₹2,33,093 |
| Previous Close | ₹2,38,528 |
| COMEX Silver | $63.99/oz (−1.92%) |
Source: Bullions.co.in Live Exchange Rates. Last updated 10 Jun 2026, 15:35 IST.
MCX gold crashed by over ₹3,200 and silver fell below ₹2.34 lakh as the dollar neared the 100 mark. Both MCX gold and COMEX gold are trading near their lowest levels since late March 2026. The futures data signals that markets are pricing in a higher-than-expected US CPI reading, which could push prices down further if confirmed. Any figure below 4.2% could trigger a sharp recovery.
Key Factors Influencing Gold and Silver Prices Today
US CPI Inflation Data: Markets are estimating the US inflation rate to climb to 4.2% in May, which could be its highest level in three years, owing to the global energy crisis. A higher print would reinforce rate hike expectations and pressure gold further.
US-Iran Tensions and Strait of Hormuz: The latest escalation has cast doubt on the durability of a fragile ceasefire and the prospects for a broader peace agreement, while extending the near-complete closure of the Strait of Hormuz. This is keeping crude oil elevated and stoking inflation globally.
Strong US Dollar: MCX gold crashed as the dollar neared the 100 mark. A stronger dollar makes gold more expensive for other currency holders, dampening global demand.
Wall Street Rate Hike Bets Rising: Renewed hostilities between the US and Iran are fuelling inflationary concerns and bolstering bets for more hawkish central banks. Higher-for-longer rates reduce the appeal of non-yielding assets like gold and silver.
Weak Domestic Demand: Gold and silver demand in India remains weak, with buyers staying on the sidelines as discounts in the market are shrinking and global volatility remains high.
Smart Buying Tips
- Wait for the CPI data tonight before acting: The US inflation print due today is the single biggest near-term trigger. A softer reading could signal a floor for prices; a hot number may push gold toward ₹1,45,000.
- Stagger your purchases: Gold has fallen over 5% in a week. Rather than investing a lump sum at what may or may not be the bottom, spread purchases over multiple days.
- Check BIS hallmarking before buying jewellery: Every piece must carry a six-digit HUID for government-certified purity. Avoid unverified gold, especially during discount sales.
- Silver at ₹2,35,020 is a 15% correction from June highs: For long-term investors, the structural demand story from solar, EVs, and electronics is intact. The current weakness may represent a reasonable entry zone for patient buyers.
FAQs
Why are gold and silver falling so sharply this week?
The primary trigger is the US jobs report from last Friday, which came in far stronger than expected. This raised fears that the US Federal Reserve may hike interest rates further, reducing the appeal of gold and silver, which pay no yield. Ongoing US-Iran tensions are adding to inflation concerns, which further strengthens the case for rate hikes.
What is the significance of the US CPI data today?
The Consumer Price Index measures inflation. If the May CPI comes in higher than the forecast of 4.2%, it could push gold below ₹1,45,000 on MCX. A softer reading would likely trigger a relief rally. It is the most important number for bullion markets this week.
