Retail gold and silver prices across India remained largely stable on June 16, 2026, with minor city-specific fluctuations. As global markets reacted to geopolitical developments in West Asia and mixed signals from the US dollar, precious metals, traditionally seen as safe-haven assets, displayed cautious investor sentiment and steady domestic demand.
Today's Gold Prices in Major Indian Cities
On June 16, 2026, 24-carat gold was trading at approximately ₹15,154 per gram across the country, while 22-carat gold was priced around ₹13,891 per gram. These rates can vary slightly between cities due to local taxes, transportation costs, and jewellers' margins.
- Delhi: 24K Gold at ₹15,169 per gram, 22K Gold at ₹13,906 per gram.
- Mumbai: 24K Gold at ₹15,154 per gram, 22K Gold at ₹13,891 per gram.
- Kolkata: 24K Gold at ₹15,154 per gram, 22K Gold at ₹13,891 per gram.
- Chennai: 24K Gold at ₹15,350 per gram, 22K Gold at ₹14,071 per gram.
Silver Rates on June 16, 2026
Silver prices continued to trade at elevated levels compared to long-term averages, supported by both industrial applications and investment buying. The metal, known for its sensitivity to global manufacturing trends, was trading at roughly ₹2,65,100 per kilogram in the domestic bullion market.
- Delhi: ₹2,651 per 10 grams, ₹2,65,100 per kilogram.
- Mumbai: ₹2,651 per 10 grams, ₹2,65,100 per kilogram.
- Kolkata: ₹2,651 per 10 grams, ₹2,65,100 per kilogram.
- Chennai: ₹2,801 per 10 grams, ₹2,80,100 per kilogram.
Factors Influencing Precious Metal Prices
Several key factors shape gold prices in India. These primarily include international bullion rates, the movement of the Indian Rupee against the US Dollar, prevailing import duties, and seasonal jewellery demand. With wedding and festive seasons approaching in various regions, stable retail demand is currently preventing any sharp corrections in prices.
Unlike gold, silver prices are more directly impacted by global manufacturing trends, making the metal more volatile during periods of economic uncertainty.
MCX Futures Market Overview (June 15, 2026)
On the Multi Commodity Exchange (MCX), gold futures for August delivery closed at ₹1,53,490 per 10 grams on Monday, June 15, 2026, marking an increase of 1.71%. Similarly, silver futures for July delivery saw a significant rise of 2.91%, settling at ₹2,53,520 per kilogram.
Analysts note that traders are exercising caution, awaiting further global macroeconomic cues, currency fluctuations, and geopolitical developments that are expected to determine the near-term trajectory for precious metals.