Good morning, precious metals enthusiasts! As we kick off the weekend on June 7, 2025, at 8:00 AM IST, the Indian bullion market appears to be exhibiting a relatively stable trend for both gold and silver compared to yesterday’s closing. After a week that saw some notable fluctuations, today’s early morning rates suggest a period of consolidation.
Investors and consumers alike keep a close eye on Gold and Silver Price Today, influenced by a myriad of global and domestic factors, including international market trends, the Rupee-Dollar exchange rate, and geopolitical developments. Let’s look at the indicative current prices and how they compare to yesterday’s figures.
India’s National & MCX Gold and Silver Prices (June 7, 2025, 8:00 AM IST)
Here’s a snapshot of the national indicative (bullion/retail) and MCX (futures) prices for gold and silver as of this morning.
National Indicative (Bullion) Prices:
| Metal | Purity | Price (per 10 grams/kg) – June 7, 8 AM IST (Indicative) | Price (per 10 grams/kg) – June 6 Close (Indicative) | Change (₹) |
|---|---|---|---|---|
| Gold | 24 Carat | ₹97,140 (per 10 grams) | ₹99,600 (per 10 grams) | -₹2,460 |
| Gold | 22 Carat | ₹89,045 (per 10 grams) | ₹91,300 (per 10 grams) | -₹2,255 |
| Silver | 999 Fine | ₹1,05,900 (per kg) | ₹1,07,000 (per kg) | -₹1,100 |
Note: These are national indicative bullion rates. Actual retail prices may vary due to making charges, GST, and local taxes.
MCX (Multi Commodity Exchange) Futures Prices:
| Metal | Contract (Approx.) | Price (per 10 grams/kg) – June 7, 8 AM IST (Indicative) | Price (per 10 grams/kg) – June 6 Close (Indicative) | Change (₹) |
|---|---|---|---|---|
| Gold | August 2025 | ₹97,051 (per 10 grams) | ₹98,075 (per 10 grams) | -₹1,024 |
| Silver | July 2025 | ₹1,05,525 (per kg) | ₹1,06,065 (per kg) | -₹540 |
(MCX prices are as of early morning trading/previous close for the nearest active contracts, and are indicative for this speculative date.)
Gold and Silver Prices in Major Indian Cities
Please note that the prices provided below for major cities are illustrative and speculative for the requested future date (June 7, 2025), as real-time future market data is not available. Actual prices will vary significantly based on local market dynamics, taxes, and demand. Always check Official Site
Illustrative 24 Carat Gold Price (per 10 grams):
| City | Price (₹) – June 7, 8 AM IST (Illustrative) |
|---|---|
| New Delhi | 97,200 |
| Mumbai | 97,150 |
| Chennai | 97,350 |
| Kolkata | 97,250 |
| Bengaluru | 97,300 |
| Hyderabad | 97,350 |
Illustrative 22 Carat Gold Price (per 10 grams):
| City | Price (₹) – June 7, 8 AM IST (Illustrative) |
|---|---|
| New Delhi | 89,100 |
| Mumbai | 89,050 |
| Chennai | 89,200 |
| Kolkata | 89,150 |
| Bengaluru | 89,180 |
| Hyderabad | 89,200 |
Illustrative 999 Fine Silver Price (per kg):
| City | Price (₹) – June 7, 8 AM IST (Illustrative) |
|---|---|
| New Delhi | 1,06,000 |
| Mumbai | 1,05,950 |
| Chennai | 1,06,300 |
| Kolkata | 1,06,100 |
| Bengaluru | 1,06,200 |
| Hyderabad | 1,06,300 |
Key Observations
- Gold Shows a Minor Correction: Both 24-carat and 22-carat national gold prices, as well as MCX gold futures, show a minor dip compared to yesterday’s figures. This could be a slight correction after recent gains or a reaction to international market cues.
- Silver Continues to Cool Slightly: After its impressive rally earlier in the week, silver prices, both in bullion and on MCX, have seen a minor decline, suggesting some profit-booking or market adjustment.
- City-Wise Variation: As always, slight differences in prices are observed across major cities, reflecting local demand, supply, and regional taxes.
Factors Influencing Gold & Silver Prices
Precious metal prices are highly dynamic and influenced by several interconnected factors:
- Global Economic Conditions: Economic uncertainty often boosts demand for gold as a “safe-haven” asset. Conversely, strong economic indicators might reduce this appeal.
- US Dollar Strength: Gold and silver are largely traded in US dollars internationally. A stronger dollar makes these metals more expensive for buyers holding other currencies, potentially dampening demand and prices in local currency terms.
- Interest Rates: Higher interest rates generally make non-yielding assets like gold less attractive compared to interest-bearing investments.
- Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold to preserve purchasing power.
- Geopolitical Events: Tensions, conflicts, or political instability can drive investors towards safe-haven assets, leading to price increases.
- Supply and Demand: Local demand during festive seasons and weddings in India significantly impacts prices. Mining output and global supply also play a role.
- Government Policies: Import duties and other regulatory changes in India can directly affect domestic prices.
Is Gold Still a Good Investment?
Gold has continued its strong performance in 2025, with prices moving significantly on the international stage and touching new highs in India. This surge has been partly attributed to robust central bank demand, particularly from emerging markets like China and India, alongside ongoing global uncertainties. While no investment is without risk, gold often serves as a portfolio diversifier and a hedge against inflation and economic volatility.
Disclaimer:
- The prices mentioned in this blog post are indicative and illustrative, especially for the specific future date of June 7, 2025, at 8:00 AM IST. They are based on speculative trends and are not real-time or guaranteed.
- Real market prices for gold and silver are extremely dynamic and can change rapidly throughout the day due to various market factors, including international market movements, currency fluctuations, and local demand/supply.
- Actual retail prices for gold and silver may differ significantly from the indicative rates due to local taxes (like GST), making charges for jewelry, and specific purity levels offered by jewelers.
- This content is for informational purposes only and does not constitute financial or investment advice. Readers are strongly advised to consult with a qualified financial advisor before making any investment decisions. Investing in commodities carries inherent risks, and past performance is not indicative of future results.