Noida, June 17 (APAC Media): Gold prices advanced on Wednesday, supported by rising optimism over a potential U.S.–Iran peace agreement that eased geopolitical risk premiums and tempered expectations of further Federal Reserve rate hikes, even as investors remained cautious ahead of the central bank’s upcoming policy decision.
Spot gold rose 0.4% to $4,347.12 per ounce, hovering near a one-week high, according to news agency reports. U.S. gold futures for August delivery also gained 0.2% to $4,367.20, the report added.
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MCX silver futures for July 2026 delivery declined Rs 864, or 0.3%, to Rs 249,241 per kg, while gold futures for August 2026 delivery slipped marginally to Rs 152,472 per 10 grams. In the previous session, gold had finished higher, whereas silver settled in negative territory.
Here are the prevailing gold and silver rates across major Indian cities on Wednesday, 17 June 2026. Prices for 18K, 22K and 24K gold, along with 999 fine silvers, have been recorded in key bullion markets, including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata and Mumbai.
India City-Wise Gold & Silver Rates (17 June 2026)
| City | 24K Gold (10g) | 22K Gold (10g) | 18K Gold (10g) | Silver 999 (1kg) |
|---|---|---|---|---|
| Delhi | ₹1,52,370 | ₹1,40,590 | ₹1,15,060 | ₹2,48,712 |
| Mumbai | ₹1,53,630 | ₹1,40,818 | ₹1,15,265 | ₹2,48,000 |
| Bengaluru | ₹1,53,760 | ₹1,40,947 | ₹1,15,312 | ₹2,48,880 |
| Chennai | ₹1,54,080 | ₹1,41,240 | ₹1,15,582 | ₹2,47,800 |
| Kolkata | ₹1,53,360 | ₹1,40,590 | ₹1,15,020 | ₹2,47,610 |
| Hyderabad | ₹1,54,870 | ₹1,41,057 | ₹1,15,442 | ₹2,46,480 |
| Ahmedabad | ₹1,53,830 | ₹1,41,060 | ₹1,15,392 | ₹2,47,730 |
“Gold and silver prices are expected to remain volatile in the near term, with investors closely tracking developments around the U.S.–Iran agreement and awaiting the U.S. Federal Reserve’s policy decision for clearer direction on interest rates,” analysts said.
Market participants said that in the near term, gold prices are likely to take cues from the U.S. Federal Reserve’s monetary policy decision later in the day, as investors await signals on the interest rate outlook and broader policy stance.
#Gold and #Silver Opening #Rates for 17/06/2026
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As details of the U.S.–Iran agreement continue to emerge, President Donald Trump has said the framework explicitly rules out Iran acquiring a nuclear weapon, according to reports.
In the near term, market participants said gold prices are expected to take direction from the U.S. Federal Reserve’s monetary policy decision later in the day, as investors await signals on the interest rate outlook and broader policy stance.
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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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