Silver Rockets to Record Highs as Gold Takes a Breather!

Gold prices in India saw a modest dip on June 10, 2025, with 24-carat gold now priced at ₹97,680 per 10 grams, down by ₹10 from the previous session. The decline is attributed to subdued domestic demand and a lack of fresh market triggers, even as global spot gold remains steady above $3,300 per ounce. Investors are keeping a close eye on upcoming US inflation data, which could influence the future trajectory of gold prices. In major cities like Chennai and Bangalore, similar downward trends were observed, reflecting a broader cooling in gold demand across the country.

 

In contrast, silver continues its record-breaking rally. Prices surged by ₹100 to reach an all-time high of ₹1,08,100 per kilogram in the national capital. The white metal’s momentum is fueled by robust industrial demand, particularly from the electric vehicle and solar sectors. Additionally, ongoing geopolitical tensions and a weakening US dollar have enhanced silver’s appeal as a safe-haven asset. Analysts highlight that silver has gained nearly 9% in the first week of June alone, breaking past key resistance levels and attracting strong interest from both institutional and retail investors.

 

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Sources: Goodreturns, The New Indian Express, Angel One