Gold Rate Today, June 7: Prices Pause After Biggest Weekly Crash This Month; Check Gold & Silver Rates

Gold prices in India remained unchanged on Sunday after recording a sharp decline of more than Rs. 3,400 per 10 grams this week. The 24 karat gold rate and 22 karat gold rate stayed stable today after falling for three consecutive sessions, touching their lowest levels in nearly a month.

Demand for gold in the domestic market had softened in recent weeks as record-high prices kept many buyers away from making large jewellery purchases. However, the recent correction in gold rate is expected to revive demand, with consumers likely to take advantage of the lower prices ahead of the upcoming festive and wedding seasons.

In the global market, spot gold prices fell below $3,370 per ounce on Friday, hitting their lowest level of 2026 and heading for a weekly decline of nearly 4%. According to Trading Economics, "the decline came after a stronger-than-expected US jobs report reduced expectations of immediate interest rate cuts by the US Federal Reserve. Persistent geopolitical tensions in the Middle East and concerns over inflation also weighed on investor sentiment, putting additional pressure on bullion prices"

Gold Rate in India Today, June 7th

Since there is no movement in gold prices on June 7th, 22-carat gold rates in India are currently steady at Rs.1,40,000 per 10 grams, while the 24-carat gold rates are at Rs.1,52,730 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 1,14,550 per 10 grams.

Similarly, 100 grams of 24-carat gold is priced at Rs 15,27,300, while 22-carat gold costs Rs 14,00,000 today.

Silver Rate in India Today

The silver rate in India today also showed no rise or fall, remaining steady at yesterday's level. Currently, 1 kg of silver costs Rs 2,65,000, while 100g costs Rs 26,500.

Gold Price Outlook Ahead

"Gold slipped below $4,450, heading for a weekly loss exceeding 2%, as Middle East conflict sustained elevated oil prices, reinforcing inflation fears and Fed tightening expectations. US-Iran peace talks showed no substantive progress, with Iranian FM Araghchi contradicting Trump's optimism, while Hezbollah's rejection of a US-brokered ceasefire deepened regional uncertainty. May payrolls data remained in focus as labor market resilience kept year-end rate hike bets alive. Technically, Gold consolidates between $4,400-$4,600 and Silver within $71.00-$78.50; a buy-on-dips, sell-into-rallies approach is recommended across both metals," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

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