MUST CHECKOUT | As gold loses lustre, silver and lab-grown diamonds drive new growth
Gold prices in major cities (per gram)
It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.
| City |
24K Gold (₹) |
22K Gold (₹) |
| Delhi |
14,837 |
13,600 |
| Mumbai |
14,837 |
13,600 |
| Kolkata |
14,837 |
13,600 |
| Chennai |
14,608 |
13,390 |
Check latest gold rates here
Silver prices in major cities
Silver continues to trade at elevated levels relative to long-term averages, supported by industrial demand and investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.
| City |
Silver (₹ per 10gm) |
Silver (₹ per kg) |
| Delhi |
2,670 |
2,67,000 |
| Mumbai |
2,680 |
2,68,000 |
| Kolkata |
2,620 |
2,62,000 |
| Chennai |
2,700 |
2,70,000 |
Check latest silver rates here
MCX closing prices (last trading session on June 20, 2026)
On the Multi Commodity Exchange (MCX), gold settled slightly lower at ₹1,47,033 per 10 grams on Saturday, while physical bullion prices were around ₹1,47,031 per kg. Silver faced heavier selling, with MCX prices falling nearly 2% to ₹2,32,935 per kg, though physical market rates were slightly lower at about ₹2,31,770 per kg.
| Commodity |
Price (MCX) |
Change |
| Gold (August futures) |
₹1,47,033 per 10 grams |
Down 1.53% |
| Silver (July futures) |
₹2,32,935 per kg |
Down 1.93% |
Recent futures market data showed mild pressure on bullion, with silver seeing a sharper correction than gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.