Gold-Silver Rate: Following last week's decline, a slight recovery in gold and silver prices is being observed today. Last week, the price of 24-carat gold had witnessed a massive drop of ₹5,228 per 10 grams.

Gold-Silver Rate Today (June 22): After last week's drop, gold and silver prices are showing a slight recovery today, June 22. According to GoodReturns, the price of 24-carat gold rose by ₹43 to ₹14,651 per gram today, while the price of 22-carat gold increased by ₹40 to ₹13,430 per gram. However, there is no change in silver prices today; the price remains at ₹250 per gram, while the price for 1 kilogram of silver in the domestic market stands at ₹2,50,000.

Prices rose in futures markets as well.

Today, gold for August delivery is trading strongly on the MCX (Multi-Commodity Exchange) at ₹1,48,040 per 10 grams. Meanwhile, MCX silver for July delivery is trading at ₹2,36,490 per kilogram, showing a gain of approximately 1.13%.

Gold prices in major cities today (per 10 grams)

How much did prices fall last week?

Last week, the price of 24-carat gold in the country's retail markets fell by ₹5,228 per 10 grams. Additionally, during the last trading session of the week on June 19, the price of gold on the Multi-Commodity Exchange (MCX) dropped by ₹2,750 per 10 grams.

Silver prices also saw a significant decline during this period, ranging from ₹10,609 to ₹12,000 per kilogram. In fact, the decline in gold and silver prices was triggered by signals from the US Federal Reserve indicating that interest rates would not be cut anytime soon. When interest rates remain high, investors tend to withdraw funds from gold and invest in banks or government bonds, as these offer risk-free interest returns.

So, why did prices rise today?

Following a sharp drop last week, gold had fallen to record lows. Anticipating future profits, investors began buying at these lower levels. As market demand increased, prices naturally started to climb again.