Gold became worth pennies! Price reaches lowest level in 7 months, see today’s latest rate

If you are also planning to buy gold or silver, then there can be no better news than this for you. The trend of falling gold prices in the bullion market is showing no sign of stopping. Gold has now fallen to its lowest level in the last 7 months. Even today i.e. on June 30, as soon as the market opened, a huge fall in the prices of gold was recorded, which has brought cheer to the faces of the customers.

If we talk about the global market, gold has suffered a big blow there too. The price of Comex Gold has fallen by about $ 62 to $ 3,953.86 an ounce. Let us remind you that gold, which had once reached an all-time high level of $ 5,595.51 per ounce, has today fallen below the psychological level of $ 4 thousand in the international market.

Prices fell face down in domestic market

The direct impact of this turmoil in the international market is also being seen on India’s domestic bullion market. Both gold and silver are continuously becoming cheaper in the Indian markets. If we talk about the last one week, gold has fallen by more than Rs 5 thousand, while silver prices have fallen by more than Rs 15 thousand.

According to the latest ratelist released on the official website of India Bullion and Jewelers Association (IBJA), the prices of gold and silver of different purities in the Indian market are moving like this. Now the purest gold of 24 carat purity in the market has reached the level of Rs 1,41,343 per 10 grams. At the same time, 22 carat purity gold, which is most used for making jewellery, is being sold at Rs 1,29,991 per 10 grams. Apart from this, the price of gold of 18 carat purity has now decreased to Rs 1,06,433 per 10 grams, while the price of 1 kg silver currently remains at the level of Rs 2,21,600.

A massive drop of ₹15,132 in just one month

The month of June has proved to be very lucky for gold buyers. If we look at the data of All India Bullion and Jewelers Association, there has been a historic fall in the prices of gold within the last 30 days. In this entire month, gold of 24 carat purity has become cheaper by Rs 15,132 per 10 grams, which has changed the mathematics of people regarding investment.

Out of fear Indians sold 50 tons of gold

Due to this big crash in gold prices, a different kind of stir has started in Indian families. People are now selling the old gold kept at home. According to a recent report, in this quarter from April to June 2026, Indians have raised cash by selling about 50 tonnes of old gold. This figure is 43% more than the same quarter last year. In fact, there is a fear in the minds of common people that due to the speed with which gold is falling, its price might come down to Rs 1.2 lakh per 10 grams. Due to the fear of loss and in order to earn profit, people are busy selling old gold.

(Disclaimer: Through this news, we are giving you only the latest prices and market trends of gold and silver. Before making any investment in gold, please consult your fund manager or financial advisor. Investing in gold and silver is subject to market risks.)