MCX gold drops Rs 15,000/10 gm and silver falls Rs 45,000/kg in June 2026

India’s MCX gold price fell Rs 15,000 per 10 grams (-9.73%) from June 1 to June 2026, while silver dropped nearly Rs 45,000 per kg (-17%). The decline has been linked to a more hawkish Federal Reserve stance, a stronger U.S. dollar and unwinding in yen carry trades. Analysts said gold has retreated 29% from its January peak and silver more than 50%, creating levels they view as suitable for staged, long-term accumulation.