Gold Prices Decline on June 8, 2026: Major City Rates Listed
Gold Rate Today (June 8, 2026): Check 24K, 22K, 18K Prices In Delhi, Mumbai, Kolkata, Chennai, Lucknow And Other Major Cities
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On June 8, 2026, gold prices fell significantly, dropping by ₹1,600 to below ₹1.54 lakh per 10 grams due to geopolitical tensions and concerns over potential US interest rate hikes. Major city rates for 24K, 22K, and 18K gold are detailed below.
- 01Gold prices fell by ₹1,600, reaching ₹1.54 lakh per 10 grams.
- 02MCX silver prices dropped by ₹5,500, trading below ₹243,500 per kg.
- 03The decline is attributed to geopolitical tensions between Iran and Israel and fears of a US rate hike.
- 04In Chennai, the price for 24K gold is ₹15,490, while in Mumbai, it is ₹15,169.
- 05Delhi's 24K gold price stands at ₹15,184.
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On June 8, 2026, gold prices experienced a notable decline, dropping by ₹1,600 to open below ₹1.54 lakh per 10 grams. This decrease is attributed to ongoing geopolitical tensions between Iran and Israel, alongside rising concerns about a potential interest rate hike in the United States following a robust jobs report. The price of silver also saw a significant reduction, falling by ₹5,500 to trade below ₹243,500 per kg. Kelvin Wong, a senior market analyst at OANDA, noted that market sentiment is increasingly influenced by expectations regarding the Federal Reserve's future actions. The current gold prices in major cities reflect this downward trend, with 24K gold priced at ₹15,490 in Chennai, ₹15,169 in Mumbai, and ₹15,184 in Delhi. The prices for 22K and 18K gold vary across cities, with Mumbai's 22K gold priced at ₹13,905 and 18K gold at ₹11,377. These fluctuations in gold prices highlight the impact of global economic factors on local markets.
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The decline in gold prices could affect investment decisions and consumer purchases in the jewelry market.
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