Mumbai, June 16: After two consecutive sessions of gains, gold and silver prices witnessed a decline on Tuesday. The prices of both precious metals fell by approximately 1.47%.
On the Multi Commodity Exchange (MCX), the gold contract for August 5, 2026, opened at ₹152,891, a slight decrease of ₹25 from the previous closing of ₹152,916.
By noon, gold was trading at ₹152,496, down by 0.27% or ₹420. During the trading session, gold reached a low of ₹152,358 and a high of ₹153,161.
Similarly, silver prices also experienced a drop. The silver contract for July 3, 2026, opened at ₹250,457, compared to the previous closing of ₹251,458. Currently, it is priced at ₹247,749, reflecting a decrease of ₹3,709 or 1.47%.
In the trading session, silver touched a low of ₹246,544 and a high of ₹251,467.
Price fluctuations were also noted in the spot market. According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold decreased by ₹552 to ₹150,094 per 10 grams, down from ₹150,646 per 10 grams.
The price of 22-carat gold fell to ₹137,486 per 10 grams from ₹137,922 per 10 grams. Meanwhile, the price of 18-carat gold dropped to ₹112,571 per 10 grams, down from ₹112,985 per 10 grams.
Additionally, silver prices fell by ₹4,421 to ₹247,067 per kilogram, down from ₹251,488 per kilogram.
Internationally, gold and silver prices also declined. Gold weakened by 0.29% to $4,339 per ounce, while silver dropped by 0.92% to $69.53 per ounce.
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