Gold Rate Crashes By Nearly Rs 60,000 in Last 10 Days; Check Latest 22K, 24K, 18K Gold, Silver Prices in India

Gold rates in India extended their losing streak for the tenth consecutive day on Monday, June 8, 2026, as weakness in global bullion markets continued to weigh on domestic rates. According to GoodReturns data, the price of 24 Karat (24K) gold declined by another Rs 104 to Rs 15,169 per gram, while 22 Karat (22K) gold fell Rs 95 to Rs 13,905 per gram at the start of the new trading week.

Gold Rate Crashes By Nearly Rs 60,000 in Last 10 Days

The recent correction has been significant. Since May 30, 2026, the price of 24K gold has tumbled by nearly Rs 59,300 per 100 grams, reflecting persistent pressure on the precious metal amid changing global market expectations. Silver prices have also remained under strain, tracking weakness in international commodity markets.

Single Day Fall of Rs 10,400 in Gold Rates Today After US Jobs Data?

Globally, gold prices continued to slide after stronger-than-expected US jobs data fuelled concerns that the US Federal Reserve could keep interest rates elevated for longer or even consider additional policy tightening if inflation remains stubborn. Higher interest rates typically reduce the appeal of non-yielding assets such as gold, prompting investors to shift towards interest-bearing investments.

At the same time, renewed tensions in the Middle East pushed crude oil prices higher, adding to inflation concerns across global markets. According to a Forbes report, silver slipped below the $69 level for the first time since the sharp correction witnessed in late March, while gold prices dropped to their lowest level in more than two months, extending the sell-off across precious metals.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 8 June 2026

24 Karat Gold Rate Today in India - June 8, 2026

The price of 24 Karat (24K) gold in India continued its downward trend on June 8, 2026, falling by Rs 104 in a single day to Rs 15,169 per gram. The rate of 8 grams dropped by Rs 832 to Rs 1,21,352, while 10 grams of 24K gold were priced at Rs 1,51,690 after declining by Rs 1,040. 100 grams of 24K gold cost Rs 15,16,900, marking a sharp one-day fall of Rs 10,400.

22 Karat Gold Rate Today in India - June 8, 2026

The price of 22 Karat (22K) gold also witnessed notable weakness on Monday. Gold rates slipped by Rs 95 per gram to Rs 13,905. The price of 8 grams fell by Rs 760 to Rs 1,11,240, while 10 grams were available at Rs 1,39,050 after a decline of Rs 950. Meanwhile, the rate of 100 grams of 22K gold dropped by Rs 9,500 to Rs 13,90,500 compared to the previous session.

18 Karat Gold Rate Today in India - June 8, 2026

18 Karat (18K) gold prices remained under pressure as well, extending the recent correction in bullion markets. The metal declined by Rs 78 per gram to Rs 11,377. The cost of 8 grams fell by Rs 624 to Rs 91,016, while 10 grams were priced at Rs 1,13,770 after losing Rs 780 in a single day. For bulk buyers, 100 grams of 18K gold were available at Rs 11,37,700, reflecting a decline of Rs 7,800 from the previous day's level.

Silver Rate Today, 8 June 2026: Check Latest Silver Prices Per Kg and Gram on Monday

On June 8, 2026, the price of silver fell by Rs 5 to Rs 260 per gram, compared with Rs 265 per gram in the previous session. 8 grams of silver were priced at Rs 2,080, down Rs 40 from Rs 2,120 recorded a day earlier. Similarly, the rate for 10 grams of silver slipped by Rs 50 to Rs 2,600, compared to Rs 2,650 on June 7.

Larger quantities also witnessed a notable correction. The price of 100 grams of silver declined by Rs 500 to Rs 26,000 from Rs 26,500 in the previous session.

Meanwhile, the rate of 1 kilogram (1,000 grams) of silver dropped sharply by Rs 5,000 to Rs 2,60,000 on June 8, 2026, against Rs 2,65,000 recorded a day earlier.

Gold Price Forecast Ahead in June 2026

"MCX Gold Futures prices witnessed a sharp weekly decline of nearly -3%, closing the week at 155600 above the 200-DEMA (149121) but remain below the key short-to-medium term moving averages, with the 20-50-100 DEMA placed at 160113, 159608, and 157318 respectively, indicating continued resistance overhead and a weak short-term structure," stated Choice Commodity Weekly report.

"On the indicator front, RSI is placed near 38.37, while the RSI moving average is around 51.94, signaling weakening momentum as RSI remains below the neutral 50 mark and is approaching oversold territory. The OI momentum structure also reflects cautious sentiment with increased volatility in positioning, supporting the bearish bias in the short term," noted Choice report.

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