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Gold prices continued their upward march for a second consecutive session on June 10, while silver prices witnessed a slight decline after remaining stable for a day. The contrasting movement in precious metals comes amid changing global market conditions, including softer crude oil prices, a weaker US dollar, and easing US Treasury bond yields. These factors have strengthened gold's appeal as a safe-haven asset, while reduced industrial demand has weighed on silver prices.

For consumers planning to buy jewellery or invest in precious metals, checking the latest city-wise rates has become increasingly important as prices remain highly volatile.

Gold Continues to Shine Amid Global Uncertainty

Gold prices have maintained their positive momentum after recovering from a brief correction earlier this week. Market experts attribute the rise to a combination of international factors, including a decline in crude oil prices and weakness in the US dollar index. Lower bond yields have also encouraged investors to shift funds toward gold, supporting higher prices.

Over the past two trading sessions, 24-carat gold has gained ₹1,480 per 10 grams, while 22-carat gold has advanced by ₹1,360 per 10 grams. This rebound comes after a sharp decline on June 8, when gold prices had dropped significantly across major markets.

In the national capital, both 24-carat and 22-carat gold prices edged up by ₹10 per 10 grams on Wednesday, reflecting the broader upward trend seen across the country.

Latest Gold Rates in Major Indian Cities

The table below shows the latest prices of 24-carat, 22-carat, and 18-carat gold per 10 grams in some of India's key cities.

Among the major cities, Chennai continues to record the highest gold prices, while Mumbai, Kolkata, Bengaluru, and Hyderabad are trading at similar levels.

Silver Prices Decline After a Day of Stability

Unlike gold, silver prices moved lower on June 10. The white metal faced pressure due to weaker industrial demand and cautious sentiment in global commodity markets.

This latest decline follows a significant correction seen over the previous few sessions. Earlier this week, silver prices had fallen sharply, losing thousands of rupees per kilogram before stabilizing temporarily. The current drop indicates that demand remains subdued despite recent price adjustments.

In Delhi, silver prices fell by ₹100 per kilogram and are currently trading at ₹2,59,900 per kg.

Silver Rates in Major Metro Cities

Here are the latest silver prices in India's leading metropolitan markets:

Among the four major metros, Chennai remains the costliest market for silver, with prices standing ₹10,000 higher per kilogram than those in Delhi, Mumbai, and Kolkata.

What's Driving the Movement in Gold and Silver?

Several global factors are influencing precious metal prices:

• Weakness in the US dollar has made gold more attractive to international investors.

• Softer crude oil prices have eased inflation concerns, affecting commodity markets.

• Lower US Treasury yields have increased demand for non-interest-bearing assets like gold.

• Slower industrial demand has created pressure on silver prices, limiting its upside.

Market analysts believe that gold may continue to find support if economic uncertainties persist globally. However, silver could remain volatile due to its dual role as both an investment asset and an industrial metal.

Should Buyers Purchase Now?

For jewellery buyers, current price movements highlight the importance of monitoring daily rates before making purchases. While gold has regained strength over the last two sessions, silver remains under pressure. Investors and consumers alike should keep an eye on global economic indicators, currency movements, and commodity trends, as these factors are likely to influence precious metal prices in the coming days.