There was mixed performance in the Indian market of gold and silver on 18th June 2026, resulting from the change in global market conditions for precious metals due to the improved relationship between the USA and Iran. The relationship resulted in lower safe haven demands, hence slightly putting pressures on gold prices and keeping silver at a stable position.
It is important to note that gold is very sensitive to any political instability due to the safe-haven property. It is worth noting that there has been improvement in the relationship between Iran and the USA, resulting in low levels of political tension. Investors are now viewing investments in gold as very risky hence low prices.
In Delhi, the gold rate for 24-carat gold was quoted at approximately ₹1,51,250 per 10 grams, whereas for 22-carat gold, the price ranged at about ₹1,38,650 per 10 grams. Similar patterns were recorded in other cities such as Mumbai, Kolkata, Chennai, and Bengaluru.
Experts in the industry have stated that the gold rates have not been volatile despite the changing prices on the international front. The investors are keeping their eyes open for any development that might affect bullion prices.
| City | 24 Carat (10g) | 22 Carat (10g) |
|---|---|---|
| Delhi | ₹1,51,100 | ₹1,38,500 |
| Mumbai | ₹1,50,358 | ₹1,37,828 |
| Chennai | ₹1,56,244 | ₹1,43,223 (approx) |
| Kolkata | ₹1,56,094 | ₹1,43,086 (approx) |
| Hyderabad | ₹1,53,172 | ₹1,40,408 (approx) |
| Lucknow | ₹1,51,240 | ₹1,38,640 |
| Ahmedabad | ₹1,51,150 | ₹1,38,550 |
Silver was also firm on June 18. The metal maintained interest from investors in light of anticipated industrial demand and silver’s status as a safe haven alternative. Analysts feel that volatility may continue for silver in the short-term due to changes in the economy worldwide.
| City | Silver Price (per 1 kg) |
|---|---|
| Lucknow | ₹2,65,000 |
| Delhi | ₹2,60,000 |
| Mumbai | ₹2,60,000 |
| Bangalore | ₹2,60,000 |
| Chennai | ₹2,70,000 |
| Hyderabad | ₹2,70,000 |
The recent fluctuations in the price of gold and silver have been mainly due to several geopolitical issues, changes in the strength of the US dollar, and investors’ sentiments. With regard to geopolitics, there has been some improvement with respect to the US-Iran agreement, but uncertainties still prevail in the financial world, thus favoring the precious metals.
It is recommended that buyers keep an eye on day-to-day price movement prior to buying anything significant. Although it can be expected that there will be fluctuations, gold and silver are still considered important investments for asset diversification and wealth building.
Also read: Gold, Silver Price Update Today 17 June: Mumbai, Delhi and Other City Rates Today
As the situation in the market changes, traders will still be paying attention to the international scene and domestic trends as well.
