Gold Price Down: Why did gold suddenly become cheaper amid the US-Iran war? Experts told the big reason

If you are also planning to buy gold for marriage or investment, then today i.e. Thursday (June 11, 2026) morning has brought a very relieving news for you. A significant softening of gold prices is being seen in most of the bullion markets of the country. In the country’s capital Delhi, the price of 24 carat gold has now slipped below the psychological level of ₹ 1,50,000 to ₹ 1,49,000 per 10 grams. Due to the turmoil in the global markets, rising crude oil prices and strengthening of the US dollar, the demand for precious metals in the domestic market has weakened significantly, which is having a direct impact on their prices. Earlier on Wednesday, a huge fall of about ₹ 4,300 (about 3%) was seen in gold of 99.9 percent purity in Delhi’s bullion market. Why did gold suddenly become cheaper? It is generally seen that whenever tension increases in the world, people consider gold as the safest investment and invest money in it, due to which the prices increase. But this time the story is a little different. Market experts and analysts believe that there are three major reasons behind this: Crude Oil Boiling: Due to the increasing geopolitical tension between America and Iran, the prices of Brent crude in the international market have crossed $90 per barrel and are currently trading around $94 per barrel. Strengthening Dollar: Due to this increase in the prices of fuel and energy, the US dollar has strengthened a lot. Whenever the dollar strengthens, the attraction of investors towards gold in the global market starts decreasing. Inflation and high interest rates: Due to the cost of crude oil, there is increased fear across the world that inflation will remain at high levels for a long time. To control this, central banks can also keep interest rates high. In an environment of high interest rates, people prefer to withdraw money from non-interest bearing assets like gold and invest it elsewhere. What are the prices of gold today in the main cities of the country? (11 June 2026) You can understand what is the price of 22 carat and 24 carat gold in the bullion market of your city today from the table of latest rate list given below: The shine of silver has also faded; decline in the prices of silver. Following the path of gold, a bearish trend is being seen in the silver market today. The price of silver has fallen to ₹ 2,49,900 per kg in the Indian markets this morning. Talking about the international level, spot gold in the global market is trading at $4,168.99 per ounce, while spot silver is trading at $63.87 per ounce. The impact of these global factors on jewelery prices in the domestic market may continue for some more days.