New Delhi. There has been a decline in the prices of gold and silver in the last one week. The price of gold has fallen by Rs 2106 last week. At the same time, the price of silver has fallen by Rs 11250 last week. There has been a continuous decline in the prices of gold and silver for some time.
According to the report of Indian Bullions Jewelers Association, the rate of 24 carat gold was at the level of Rs 154190 per 10 grams on Friday (5 June 2026). The rate of 23 carat gold was Rs 153573 per gram. The rate of 22 carat gold is Rs 141238, the rate of 18 carat gold is Rs 115643 and the rate of 14 carat gold is Rs 90201 per 10 grams. Let us tell you, on June 2, the rate of gold was Rs 156296 per 10 grams.
On Friday, the rate of silver was at Rs 254950 per kg. Let us tell you, the price is announced twice every day from Monday to Friday by the Indian Bullion Jewelers Association. Prices are not announced on Saturday and Sunday.
The central government has increased the import duty on gold and silver. Earlier 6 percent import duty was levied. Now 15 percent import duty has to be paid to buy gold and silver. The central government has increased it by 9 percent.
Prime Minister Narendra Modi has appealed to people not to buy gold for a year. The PM has made this appeal in view of the current global situation. Due to the ongoing rise in crude oil prices, countries already dependent on imports like India are having to spend more money. At present, countries around the world are making efforts in different ways to safeguard the country’s forex reserves. Let us tell you, India imports gold in large quantities.
The wedding season is over. In such a situation, once again the number of buyers in the bullion market has declined. Even considering the current situation, buyers are avoiding buying gold.
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