On June 18, 2026, India's precious metals market displayed overall stability, with gold and silver prices holding largely steady across major cities despite global geopolitical tensions and fluctuating US dollar signals. Investors maintained a cautious stance, contributing to stable domestic demand without sharp price upticks.
Retail Gold Prices Across India
As of Wednesday, June 18, 2026, the average retail price for 24-carat gold in India was approximately ₹15,109 per gram. For 22-carat gold, a common purity for jewellery, the price hovered around ₹13,849 per gram. These rates reflect minor variations influenced by local taxes, transportation costs, and individual jewellers' margins across different regions.
City-wise Gold Rates (per gram):
- Delhi: 24K at ₹15,124, 22K at ₹13,864
- Mumbai: 24K at ₹15,109, 22K at ₹13,849
- Kolkata: 24K at ₹15,109, 22K at ₹13,849
- Chennai: 24K at ₹15,305, 22K at ₹14,029
Silver Market Overview
Silver continued to trade at elevated levels, driven by both industrial applications and investment interest. The metal, known for its higher volatility compared to gold during economic uncertainties, was priced at roughly ₹2,64,900 per kilogram in the domestic bullion market.
City-wise Silver Rates (per kg):
- Delhi: ₹2,64,900
- Mumbai: ₹2,64,900
- Kolkata: ₹2,64,900
- Chennai: ₹2,74,900
Futures Market: MCX Performance
On the Multi Commodity Exchange (MCX), gold futures for August delivery saw a slight dip, settling lower at ₹1,52,748 per 10 grams. Silver futures for July delivery experienced a more noticeable correction, falling by approximately 0.43% to ₹2,49,022 per kilogram. This indicates some mild selling pressure in the futures market, with traders awaiting further global macroeconomic signals.
Key Influencers on Bullion Rates
Several factors consistently shape gold and silver prices in India. These include international bullion rates, the movement of the Indian Rupee against the US Dollar, prevailing import duties, and seasonal jewellery demand. With festive and wedding seasons approaching in some parts of the country, stable retail demand is expected to help prevent significant price corrections.