Gold-Silver Price Falls: Big news is coming for people buying gold and silver. Gold and silver prices fell sharply on the last day of this week, June 19. First of all, silver futures prices have fallen sharply since the start of trading on MCX on Friday. Silver has fallen by Rs 22,000 within two days. Meanwhile, 24 Karat Gold Rate has fallen to Rs 1.46 lakh. The latest rates of gold and silver have been released by the Indian Bullion and Jewelers Association (IBJA). Both the metals fell as soon as the market opened. 999 purity gold has fallen by around Rs 3000. While silver has fallen by around Rs 9,000. So let’s check the latest 22- and 18-carat gold prices today.
24 Carat Gold Rate
According to IBJA, the price of 24-carat gold is Rs 144,941 per 10 grams today, up from Rs 148,093 per 10 grams yesterday. This means gold has cheapened by Rs 3152.
23 Carat Gold Rate
According to IBJA, the price of 23-carat gold is Rs 144,361 per 10 grams today, up from Rs 147,500 per 10 grams in previous days.
According to IBJA, the price of 22-carat gold is Rs 132,766 per 10 grams today, up from Rs 135,653 per 10 grams in previous days.
18 Carat Gold Rate
According to IBJA, the price of 18-carat gold is Rs 108,706 per 10 grams today, up from Rs 111,070 per 10 grams in previous days.
14 Carat Gold Rate
According to IBJA, the price of 14-carat gold is Rs 84,791 per 10 grams today, up from Rs 86,634 per 10 grams in previous days.
According to IBJA, the price of 999 purity silver is Rs 230,982 per kg, down by Rs 9,000 today.
How much cheaper is the gold rate?
If we look at the gold futures price, the price of 24 Karat Gold expiring on August 5 fell to Rs 1,46,252 at the opening, having closed at Rs 1,49,309 per 10 grams on the previous trading day. This means gold has cheapened by Rs 3,057.
How much cheaper is gold from the high?
Compared to the high level, the price of futures gold had crossed Rs 2 lakh on January 29, and the high of futures gold with expiry is Rs 2,04,375, making gold Rs 58,123 cheaper.
Why is gold suddenly cheaper?
Here are the reasons behind the Gold-Silver Rate Crash. In fact, the US Fed has announced it will keep the June 2026 meeting repo rate stable, i.e., no change in interest rates. These are in the range of 3.50% to 3.75%. But Fed officials have expressed concern over rising inflation and feared further interest rate hikes, which are also affecting gold and silver prices.
(Note- All the rates of gold and silver mentioned above are without GST..) If you buy gold, 3% GST and making charges will be added separately. After which, gold prices will be higher.