Gold prices witnessed a sharp decline on the Multi Commodity Exchange (MCX) on June 18, 2026, dropping by Rs 2,500 per 10 grams. The precious metal was trading at Rs 1,82,500 per 10 grams for 24-carat purity, down from the previous close of Rs 1,85,000. Silver also saw a dip, with prices hovering around Rs 2.44 lakh per kilogram.
Gold Rates in Major Cities
City-wise gold rates for 24-carat and 22-carat gold (per 10 grams) are as follows:
- Delhi: 24-carat at Rs 1,82,600, 22-carat at Rs 1,67,800
- Mumbai: 24-carat at Rs 1,82,500, 22-carat at Rs 1,67,700
- Chennai: 24-carat at Rs 1,83,200, 22-carat at Rs 1,68,400
- Kolkata: 24-carat at Rs 1,82,700, 22-carat at Rs 1,67,900
Silver Rates in Major Cities
Silver prices in key cities were recorded as:
—
- Delhi: Rs 2,44,500 per kg
- Mumbai: Rs 2,44,000 per kg
- Chennai: Rs 2,45,200 per kg
- Kolkata: Rs 2,44,300 per kg
The decline in gold prices is attributed to a stronger dollar and rising bond yields globally. Analysts suggest that the trend may continue if the US Federal Reserve maintains a hawkish stance. Investors are advised to monitor global cues before making purchase decisions.
