On June 14, 2026, gold and silver prices across India maintained relative stability with only minor fluctuations in major urban centers. This steady trend emerged even as global markets responded to ongoing geopolitical tensions in West Asia and a mixed performance from the US dollar. Despite their traditional role as safe-haven assets, precious metals did not experience significant upward movement, reflecting a cautious investor sentiment and consistent domestic demand.
Current Retail Prices Across India
As per the latest retail market data, 24-carat gold is trading around ₹14,908 per gram, while 22-carat gold is priced near ₹13,665 per gram. Silver, a key industrial and investment metal, is hovering close to ₹2,60,000 per kilogram in the domestic bullion market. Prices show slight variations across cities, primarily due to local taxes, transportation costs, and individual jewellers' margins.
Gold Prices in Major Cities (per gram)
- Delhi: 24K gold at ₹14,923, 22K gold at ₹13,680.
- Mumbai: 24K gold at ₹14,908, 22K gold at ₹13,665.
- Kolkata: 24K gold at ₹14,908, 22K gold at ₹13,665.
- Chennai: 24K gold at ₹15,120, 22K gold at ₹13,860.
Silver Prices in Major Cities (per kilogram)
- Delhi: ₹2,60,000
- Mumbai: ₹2,60,000
- Kolkata: ₹2,60,000
- Chennai: ₹2,70,000
Factors Influencing Precious Metal Rates
Several factors typically influence gold and silver prices in India. These include international bullion rates, the movement of the rupee against the US dollar, prevailing import duties, and seasonal demand for jewellery. With the wedding and festive seasons approaching in various regions, retail demand is expected to remain stable, contributing to the current price stability and preventing sharp corrections.
Silver prices, in particular, are more susceptible to global manufacturing trends and can exhibit greater volatility during periods of economic uncertainty. However, strong industrial demand, alongside investment buying, continues to support elevated silver levels compared to long-term averages.
Futures Market Overview
Data from the Multi Commodity Exchange (MCX) for the closing session on June 12, 2026, indicated mild upward movements for both metals. Gold (August futures) settled slightly higher at ₹1,50,343 per 10 grams, marking a 0.95% increase. Silver (July futures) saw a more significant surge, rising by 1.69% to ₹2,43,700 per kilogram.
Analysts note that while there was a mild pressure on bullion, silver experienced a sharper correction in futures markets compared to gold. Traders are maintaining a cautious stance, anticipating further cues from global macroeconomic data, currency fluctuations, and evolving geopolitical developments, which are expected to shape the future trajectory of precious metal prices.