Gold prices in India saw a decline on Tuesday, June 6, 2025, with 24-carat gold falling by ₹280 per 10 grams and 22-carat gold dropping by ₹250, according to market data. The drop comes amid cautious market sentiment surrounding the ongoing U.S.-China trade negotiations in London, which continue to influence global commodity markets.
Gold Price Overview (per 10 grams):
24-Carat Gold:
- Delhi: ₹97,853
- Mumbai: ₹97,707
- Kolkata: ₹97,705
- Chennai: ₹97,701
- Bangalore: ₹97,695
- Pune: ₹97,713
22-Carat Gold:
- Delhi: ₹89,713
- Mumbai: ₹89,567
- Kolkata: ₹89,565
- Chennai: ₹89,561
- Bangalore: ₹89,555
- Pune: ₹89,573
Why Are Gold Prices Falling?
The dip in domestic gold prices mirrors the global trend, as spot gold fell 0.5% to $3,311.16/oz early Tuesday, while U.S. gold futures declined 0.7% to $3,330.90/oz. The movement comes amid high-level trade talks between U.S. and Chinese officials, which have entered a second day in London. Discussions are focused on tariffs, export controls, and rare earth mineral access.
Other precious metals also saw declines:
- Silver: Down 0.6% to $36.51/oz
- Platinum: Down 0.8% to $1,210.46/oz
- Palladium: Down 0.2% to $1,071.75/oz
Gold traditionally performs well during geopolitical tension or economic uncertainty, and its demand typically rises when interest rates are low or markets are volatile.