Silver has dropped significantly to $67.72 per ounce (around Rs2,07,738 per kg), down 1.78%.
FinTech BizNews Service
Mumbai, 8 June 2026: In today's commodity market, gold is priced at $4,336.60 per ounce (approximately rs1,33,039 per 10 grams), showing a slight decline of 0.01%, while silver has dropped significantly to $67.72 per ounce (around Rs2,07,738 per kg), down 1.78%. The recent downturn in gold and silver prices can be attributed to rising concerns over inflation and interest rates, driven by stronger-than-expected economic data from the U.S., which has diminished the safe-haven appeal of these precious metals. Additionally, geopolitical tensions in West Asia, particularly recent developments involving Israel, have further fueled market volatility, impacting investor sentiment. On the other hand, crude oil prices surged by 4% to $94.16 per barrel (about Rs8,985 per barrel), as escalating Gulf tensions heightened fears of supply disruptions, contributing to inflationary pressures.
