Gold and silver prices witnessed a sharp rebound on June 15, 2026, following a breakthrough in the US-Iran nuclear deal. The precious metals, which had been under pressure due to a stronger dollar and rising bond yields, regained momentum as geopolitical tensions eased and risk appetite improved.
Gold Price Movement
Gold futures on the Multi Commodity Exchange (MCX) surged by 1.5% to ₹72,450 per 10 grams, recovering from a recent low of ₹71,200. On the international front, spot gold rose to $2,450 per ounce, up from $2,410 earlier in the week. Analysts attribute the rebound to the US-Iran agreement, which reduced safe-haven demand for the dollar and boosted commodity prices.
Key Levels for Gold Investors
- Support: ₹71,500 (MCX), $2,420 (spot)
- Resistance: ₹73,000 (MCX), $2,480 (spot)
- Expert View: A break above ₹73,000 could trigger further upside towards ₹74,000, while a fall below ₹71,500 may lead to profit-booking.
Silver Price Recovery
Silver also saw a strong comeback, with MCX silver futures climbing 2.3% to ₹95,200 per kilogram. In the international market, silver traded at $32.50 per ounce, up from $31.80. The white metal benefited from both the geopolitical deal and increased industrial demand expectations.
Key Levels for Silver Investors
- Support: ₹93,000 (MCX), $31.80 (spot)
- Resistance: ₹96,500 (MCX), $33.20 (spot)
- Expert View: Sustained buying above ₹95,000 could push silver towards ₹97,000. A drop below ₹93,000 may indicate weakness.
City-Wise Gold and Silver Rates (June 15, 2026)
Here are the retail prices in major Indian cities for 24-carat gold (per 10 grams) and silver (per kilogram):
- Delhi: Gold ₹72,800, Silver ₹96,000
- Mumbai: Gold ₹72,500, Silver ₹95,500
- Chennai: Gold ₹73,200, Silver ₹96,200
- Kolkata: Gold ₹72,600, Silver ₹95,800
- Bengaluru: Gold ₹72,700, Silver ₹95,900
- Hyderabad: Gold ₹73,000, Silver ₹96,100
- Ahmedabad: Gold ₹72,400, Silver ₹95,400
Outlook for Precious Metals
Market experts believe that the US-Iran deal will continue to influence gold and silver prices in the near term. A stable geopolitical environment could reduce safe-haven demand, but lower interest rate expectations and a weaker dollar may support prices. Investors are advised to watch the upcoming US Federal Reserve meeting for further cues.
Disclaimer: The views and investment tips expressed by experts are their own. Readers should consult certified financial advisors before making investment decisions.
