Archive · 9 Jun 2025
Silver Hits Record High, Gold Declines in Indian Market
Silver prices went up a lot, reaching a new high of Rs 1.08 lakh per kilogram.
This increase was driven by people wanting to buy silver, the weak dollar, and companies using it in things like electric vehicles.
Meanwhile, gold prices decreased by Rs 280 per 10 grams.
The changes in gold were affected by different factors, like the US and China possibly working together and the US jobs report.
Overall, silver had a great day, while gold didn't.
Silver prices surged to a record high of Rs 1.08 lakh per kg.
Gold prices decreased by Rs 280 per 10 grams.
Silver's rise attributed to strong investor demand, weak dollar, and industrial demand.
Gold's decrease impacted by mixed signals including US-China talks and US jobs report.
Globally, spot gold rose marginally while spot silver increased.
- Who
- All India Sarafa Association, traders
- What
- Silver price increase and Gold price decrease
- When
- Monday, June 9
- Where
- New Delhi
- Why
- Silver: strong investor demand, weak dollar, and firm industrial demand. Gold: mixed signals
Increasing Silver Demand
Decreasing Gold Demand
Market Drivers
Increasing Silver Demand
Silver prices soared due to strong investor demand, a weak dollar, heightened geopolitical tensions, and firm industrial demand from EV and solar sectors.
Decreasing Gold Demand
Gold consolidated due to mixed signals, including US-China talks and US jobs report affecting safe haven demand.
- Silver Price (peak)
- Rs 1,08,100 per kg
- Gold Price (99.9% purity)
- Rs 97,780 per 10 grams
- Gold price decrease (per 10 grams)
- Rs 280
- Global Gold Price (spot)
- USD 3,312.84 per ounce
- Global Silver Price Increase (spot)
- 0.9%
Sources
Gold Price Today: Yellow Metal Weakens, Silver At 13-Year High; Check City-Wise Rates
Gold Today Rate, 9 June: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold futures decline Rs 521 to Rs 96,515/10 gm
Gold Rate Today June 9, 2025: Check latest Gold prices in Mumbai, Ahmedabad, Chennai Delhi, Bengaluru, Hyderabad, Kolkata & Other Cities