Gold & Silver Rates Today (07/06/2026) Live: Indian Physical Gold Rates Flat On Sunday After Rs 35,000 Crash

Gold rates and silver rates in India are unchanged on Sunday, June 7, 2026, after crashing significantly last week. Indian gold price stood at Rs 1,52,730 per 10 grams in 24 carat on June 7th, after crashing by nearly Rs 35,000 for three consecutive days. Also, 22 carat and 18 carat gold prices are at Rs 1,40,000 per 10 grams and at Rs 1,14,550 per 10 grams respectively. Meanwhile, silver rate stood at Rs 2.65 lakh per 1Kg.

Last week, MCX gold price ended its weekly performance at Rs 1.56 lakh per 10 grams mark. On June 5th, after the evening session, the bullion for August 2026 expiry, ended at Rs 1,55,600 per 10 grams, registering a crash of Rs 3,947 or 2.5%. Gold is under extreme pressure.

Furthermore, silver across the globe took the hardest hit of renewed tensions between US and Iran. After closing bell on June 5th, MCX silver dropped by Rs 16,595 or 6.3% to close the week at Rs 2,48,201 per 1kg.

On the global front, spot gold stood at its 2026 low at around $4,330 per ounce, while spot gold crashed by nearly 9% to stay below $68 per ounce. On the other hand, crude oil prices were also under pressure with 2-3% decline. Brent Crude is around $93 per barrel and US WTI Crude Oil stood a little over $90.54 per barrel. Dollar turned stronger and is racing towards 100 mark.

The May nonfarm payroll report revealed the US economy added 172,000 jobs, significantly above the forecasted 85,000, while the unemployment rate held steady at 4.3% and annual wage growth moderated to 3.4%, in line with expectations. This prompted investors to increase bets on a Federal Reserve interest rate hike, with markets now pricing in a quarter-point increase by year-end. Meanwhile, investors closely monitored developments in the Middle East, where US President Donald Trump stated that peace negotiations were nearing their final stage. However, Iran's Foreign Minister dismissed any meaningful progress, and Iran-backed Hezbollah rejected a US-mediated ceasefire proposal, as per Trading Economics.

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