Gold Price Today (June 16): Check 24K, 22K Gold Rates in Major Cities; Silver Price Chart

Noida, June 16 (APAC Media): Gold prices in India edged lower on Monday after a recent rally, while silver also weakened in line with subdued global cues and profit-taking in bullion markets, according to domestic rates and trade tracking data.

MCX gold futures for the August 5, 2026 contract were trading at ₹152,316 per 10 grams, down 0.30%, or ₹454, according to market data. The contract traded in a range of ₹152,358 to ₹153,161 during the session at 11:55 AM.

Gold Price Today: Check 24K, 22K Gold, Silver Rates in Delhi, Mumbai, Chennai Across India on June 15

The yellow metal, which has recently scaled elevated levels on safe-haven demand and global uncertainty, saw a mild correction as investors booked profits. Despite the decline, prices remained near historically high zones, indicating sustained underlying support.

Silver also declined in early trade, extending losses from the previous session.

City-wise Gold & Silver Price Chart (India) – 16 June 2026

In the physical market, retail gold and silver prices across major cities, including Delhi, Mumbai, Kolkata and Chennai, moved lower in line with the broader trend. However, rates varied across regions due to differences in local taxes, making charges and jeweller premiums different.

US President Donald Trump has said the Iran conflict has been resolved, claiming that Washington and Tehran have reached a peace agreement and that he expects it to be signed on Friday.

The Bank of Japan on Tuesday raised its policy rate to 1%, the highest level since 1995, in line with expectations in a Reuters poll of economists.

The move marks an acceleration in the central bank’s policy normalisation cycle that began in 2024.

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The recent uncertainty surrounding the US-Iran conflict has pushed crude oil prices higher, disrupted supply chains and kept the dollar index flat. Global equity markets have also remained volatile amid the ongoing geopolitical tensions.

Jewellers reported steady footfall despite elevated price levels, though overall buying remained cautious. Demand was largely concentrated in lightweight jewellery, coins and small investment purchases, while high-value discretionary buying remained limited due to price sensitivity among consumers.

Market observers said the current decline appears largely technical following recent gains, rather than a shift in underlying fundamentals. They added that bullion continues to find support from global macroeconomic uncertainty, inflation concerns and currency fluctuations.

Traders are closely tracking international developments, particularly signals from the US Federal Reserve on interest rate direction, as well as geopolitical tensions and global economic data releases. These factors are expected to drive short-term volatility in both gold and silver prices.

Overall, analysts expect bullion markets to remain range-bound in the near term, with intermittent corrections driven by profit-taking. The medium-term outlook, however, remains dependent on global economic stability and sustained safe-haven demand.

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Disclaimer:

Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.

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