Gold and Silver Prices Remain Steady Amid Market Volatility

Global Bullion Market Witnesses Selling Pressure

Gold and silver prices experienced sharp selling pressure on Monday, June 8, tracking weakness in the global bullion market. The international spot gold traded -0.60 percent lower to $4,339.10 per ounce, while silver inched -1.42 percent higher to $68.120 per ounce over the last 24 hours in early Comex trade.

Indian Market Reflects Global Trend

The gold futures for the August contract on MCX traded -0.88 percent down to Rs 153,847.00 per 10 grams, and silver futures for the July contract traded 0.27 percent lower to Rs 243,403.00 per kilogram. This decline is a reflection of the global trend, as experts point out that gold and silver faced heavy selling pressure in overseas markets last week.

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Regional Prices in India

As of June 8, gold prices in Chennai stood at Rs 15,490 per gram for 24K gold, Rs 14,199 for 22K gold, and Rs 11,909 for 18K gold. In comparison, prices in Mumbai were Rs 15,272 per gram for 24K gold, Rs 13,999 for 22K gold, and Rs 11,454 for 18K gold. Similarly, in New Delhi, 24K gold was priced at Rs 15,590 per gram, while 22K and 18K gold were available at Rs 14,014 and Rs 11,698 per gram, respectively.

Purity-Based Pricing

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Gold prices vary as per purity. The prices of 24-karat, 22-karat, and 18-karat gold in different cities across India have been noted. The prices are accurate as of June 8, 2026, and are sourced from Goodreturns.