Gold-Silver Rate Today: Gold and silver become breathless in front of strong dollar, rates reduced by Rs 11,700 in one stroke

Gold-Silver Rate Today In India: Gold and silver have started with a huge fall in the Indian market on Friday. A very big and worrying weakness has been seen in the prices of both the precious metals up to Rs 11,700. This huge fall has attracted the attention of all investors and buyers operating in the market. This entire situation has arisen due to the strong dollar which is continuously bringing this commodity market down.

This negative phase of continuous fluctuations in the prices of metals continues on the Multi Commodity Exchange also. There is a lot of concern among investors because exactly the same situation has been seen in the international market. Due to the continuous strengthening of the dollar, the shine of gold and silver is fading a bit across the world. Market experts are seeing this as a sign of a big change in the times to come.

condition of gold prices

There has been a lot of weakness in the prices of gold. The gold contract for June 05, 2026 opened at Rs 1,60,790, which is Rs 1,188 less than the previous closing Rs 1,61,978. Its intra-day low was Rs 1,60,355, which is low by Rs 1,623 and high was Rs 1,60,992. Till the time of writing the news, gold was at Rs 1,60,540 with a decline of 0.89 percent or Rs 1,438.

huge fall in silver

Very heavy weakness has been recorded in the silver contract of July 3, 2026 on MCX. It opened at Rs 2,80,000, down Rs 11,102 or 3.81 per cent from the previous closing of Rs 2,91,102. In Indra-Day, silver made a low of Rs 2,79,458 and a high of Rs 2,83,938, which was less by Rs 11,644. At 10:06 am it had weakened by 2.94 percent or Rs 8,563 to Rs 2,82,539.

Gold and silver prices have been adversely affected in India as well as in foreign markets. Internationally, gold has fallen 1.54 percent to $ 4,615 an ounce. At the same time, silver also fell by 4.47 percent and reached $ 81.49 per ounce. Due to this, there is a lot of disappointment and anxiety among big investors around the world.

Also read: Share market sluggish even after the return of foreign investors, Sensex opened at 75,490 points, Nifty also had a slow start.

Strong dollar main reason

The main reason for the major weakness in both these precious metals is the huge strength in the dollar index. The dollar index has increased by 0.23 percent to reach 98.955, which is the highest level in the last five weeks. This index shows the very strong position of the US dollar against the six major currencies of the world.