Gold and Silver Prices in India Today, 16 June 2026: 24K Gold Inches Up to ₹1,53,390 as Markets Await US-Iran Deal Clarity, Silver Slips to ₹2,51,470
Gold and silver prices in India today, 16 June 2026: 24K gold edged up 0.12% to ₹1,53,390 per 10g while silver slipped 0.44% to ₹2,51,470 per kg, as markets awaited clarity on the US-Iran peace deal ahead of this week's US Federal Reserve meeting. Check city-wise rates, MCX futures, and buying tips.
Gold and silver prices diverged on Tuesday, 16 June 2026, as investors paused to seek clarity on the preliminary US-Iran peace agreement announced by President Donald Trump on Monday. As of 2:20 PM IST, 24K gold is trading at ₹1,53,390 per 10 grams, up ₹190 or 0.12% from yesterday, while silver 999 Fine is at ₹2,51,470 per kg, down ₹1,120 or 0.44%, per Bullions.co.in. Gold's three-day upward trend has ended on MCX, with investors cautious ahead of the US Federal Reserve's monetary policy meeting this week, where interest rates are widely expected to remain unchanged. The US-Iran deal, anticipated to be signed formally in Switzerland on 19 June, has not yet been confirmed in detail by either side.
Quick Snapshot
| Metal | Today (16 June) | Yesterday (15 June) | Change |
|---|---|---|---|
| Gold 24K (per 10g) | ₹1,53,390 | ₹1,53,200 | 🟢▲ +₹190 (+0.12%) |
| Gold 22K (per 10g) | ₹1,40,608 | — | — |
| Silver 999 (per kg) | ₹2,51,470 | ₹2,52,590 | 🔴▼ −₹1,120 (−0.44%) |
Source: Bullions.co.in. Last updated 16 Jun 2026, 14:20 IST.
City-Wise Gold and Silver Rates Today, 16 June 2026
Prices vary across cities due to state taxes, local duties, and logistics costs.
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,40,608 | ₹1,53,390 | ₹2,51,470 |
| Mumbai | ₹1,40,458 | ₹1,53,230 | ₹2,51,470 |
| Chennai | ₹1,42,128 | ₹1,55,050 | ₹2,51,470 |
| Hyderabad | ₹1,40,458 | ₹1,53,230 | ₹2,51,470 |
| Bengaluru | ₹1,40,458 | ₹1,53,230 | ₹2,51,470 |
| Kolkata | ₹1,40,458 | ₹1,53,230 | ₹2,51,470 |
| Pune | ₹1,40,458 | ₹1,53,230 | ₹2,51,470 |
| Ahmedabad | ₹1,40,928 | ₹1,53,760 | ₹2,51,470 |
| Lucknow | ₹1,40,608 | ₹1,53,390 | ₹2,51,470 |
| Jaipur | ₹1,40,608 | ₹1,53,390 | ₹2,51,470 |
Rates are indicative bullion prices as of 16 June 2026, 14:20 IST. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.
Muskaan Kapoor
Gold Rate Analysis Today
24K gold is at ₹1,53,390 per 10 grams today, up ₹190 or 0.12% from yesterday's ₹1,53,200. The gain is modest, reflecting a cautious session rather than a conviction-driven move. Gold and silver prices ended their three-day upward trend on MCX as investors sought more clarity on the US-Iran peace deal, the details of which remain undisclosed even as both sides signal ongoing ceasefire talks.
On COMEX, spot gold is up 0.21% to $4,360.80 per ounce, with a session high of $4,365.30 and a low of $4,326.70. This is a positive signal, though the intraday range is relatively tight, indicating that traders are in a wait-and-see mode ahead of the Fed meeting.
Gold's technical picture is constructive. Support is established at ₹1,51,500–₹1,50,850 on MCX, with resistance at ₹1,53,650–₹1,54,400. A sustained move above ₹1,54,400 would signal a stronger recovery. Compared to one week ago, gold is up 0.52% from ₹1,52,600, and up 53.45% year-on-year from ₹99,960.
| Period | 24K Gold (per 10g) | Change |
|---|---|---|
| Today (16 June 2026) | ₹1,53,390 | — |
| Yesterday (15 June 2026) | ₹1,53,200 | 🟢▲ +0.12% |
| One Week Ago (9 June 2026) | ₹1,52,600 | 🟢▲ +0.52% |
| One Month Ago (17 May 2026) | ₹1,59,120 | 🔴▼ −3.60% |
| One Year Ago (16 June 2025) | ₹99,960 | 🟢▲ +53.45% |
Silver Rate Analysis Today
Silver 999 Fine is at ₹2,51,470 per kg today, down ₹1,120 or 0.44% from yesterday's ₹2,52,590. The dip follows a strong session yesterday, when silver closed 2.14% higher at ₹2,51,458 on the back of the Strait of Hormuz reopening news. Today's mild pullback reflects profit-taking after that rally.
On COMEX, silver is up 0.26% to $70.37 per ounce, with a session high of $70.49 and a low of $69.10. Silver holding above $70 per ounce is a positive technical marker. The divergence between a rising COMEX and a falling domestic retail rate reflects the lag in bullion association rate revisions.
Technically, silver has immediate support at ₹2,50,400, followed by ₹2,49,350 on MCX. Resistance is at ₹2,53,350, and a sustained move above that level could open the way towards ₹2,55,250. Compared to one week ago, silver is up 5.21% from ₹2,39,010, and up 134.56% year-on-year from ₹1,07,210.
| Period | Silver 999 (per kg) | Change |
|---|---|---|
| Today (16 June 2026) | ₹2,51,470 | — |
| Yesterday (15 June 2026) | ₹2,52,590 | 🔴▼ −0.44% |
| One Week Ago (9 June 2026) | ₹2,39,010 | 🟢▲ +5.21% |
| One Month Ago (17 May 2026) | ₹2,71,760 | 🔴▼ −7.47% |
| One Year Ago (16 June 2025) | ₹1,07,210 | 🟢▲ +134.56% |
MCX Futures Data Today, 16 June 2026
Gold Futures (August 2026 Contract)
| Parameter | Value |
|---|---|
| Last Traded Price | ₹1,53,138 per 10g |
| Change | 🟢▲ +₹222 (+0.15%) |
| Day High | ₹1,53,161 |
| Day Low | ₹1,52,358 |
| Previous Close | ₹1,52,916 |
| COMEX Gold | $4,360.80/oz (🟢▲ +0.21%) |
Silver Futures (July 2026 Contract)
| Parameter | Value |
|---|---|
| Last Traded Price | ₹2,50,389 per kg |
| Change | 🔴▼ −₹1,069 (−0.43%) |
| Day High | ₹2,51,467 |
| Day Low | ₹2,46,544 |
| Previous Close | ₹2,51,458 |
| COMEX Silver | $70.37/oz (🟢▲ +0.26%) |
Source: Bullions.co.in Live Exchange Rates. Last updated 16 Jun 2026, 14:20 IST.
MCX gold is holding steady with a mild positive bias, while MCX silver is unwinding a portion of yesterday's sharp gains. The key watch this week is the US Federal Reserve policy meeting outcome. Rates are expected to remain unchanged, which would remove a near-term overhang for gold. Any dovish commentary from the Fed chair could push gold above the ₹1,54,400 resistance level. Silver's technical support at ₹2,48,000–₹2,44,400 is a key level to watch if the pullback deepens.
Key Factors Influencing Prices Today
US-Iran Peace Deal Awaiting Confirmation: The preliminary agreement between the US and Iran, announced by President Trump on Monday, has not yet been confirmed in detail by either side. This uncertainty is keeping gold in a holding pattern. The deal is expected to be formally signed in Switzerland on 19 June and covers sanctions relief, lifting of blockades, and Iran's nuclear programme.
Strait of Hormuz Reopening: Reports that the Strait of Hormuz — through which roughly one in five barrels of globally traded oil passes — is set to reopen as part of the peace agreement have eased crude oil prices and reduced inflation fears. This has been positive for both metals over the past two sessions.
Fed Meeting This Week: The US Federal Reserve's monetary policy meeting is the next major event for markets. Interest rates are widely expected to remain unchanged. However, the tone of the Fed chair's statement will matter. Any hint of rate cuts could be a significant catalyst for gold.
US PPI at 6.5% Year-on-Year: US producer prices rose 6.5% year-on-year, reflecting ongoing inflationary pressures from earlier energy market disruptions. While the Iran deal has eased the outlook, the current inflation data keeps the Fed from pivoting quickly, which limits sharp gains in gold.
ECB Rate Hike: The European Central Bank raised interest rates and revised inflation forecasts for 2026 and 2027 higher. This signals that global central banks remain in a tightening mode, which keeps a ceiling on how far gold can rally in the near term.
Smart Buying Tips
Watch the Fed meeting outcome before making large purchases. The policy statement due this week is the single biggest near-term trigger for gold. If rates stay on hold and commentary turns cautious on further hikes, gold could move sharply higher toward ₹1,55,000 and beyond.
Silver holding above ₹2,50,000 is a positive sign. Despite today's mild pullback, silver remains above the psychologically important ₹2,50,000 level and is up 5.21% from a week ago. Long-term buyers may find the current zone reasonable for a staged entry.
Avoid large lump-sum investments before the Iran deal is confirmed. The peace agreement is preliminary and both sides continue to negotiate. If talks break down, crude oil could spike again, reviving inflation fears and pressuring gold.
Always check BIS hallmarking. Every piece of gold jewellery must carry a six-digit HUID for government-certified purity. This is especially important during festive and wedding season buying when unverified gold enters the market.
FAQs
Why is gold up slightly while silver is down today?
Gold and silver do not always move in the same direction on a given day. Today, gold is benefiting from mild safe-haven buying as markets await confirmation of the US-Iran deal. Silver, which had a strong 2.14% rally yesterday on Strait of Hormuz reopening news, is seeing profit-taking today. The COMEX prices for both metals are actually positive, but domestic bullion association rates can lag and diverge slightly from MCX intraday moves.
What is the significance of the Fed meeting this week?
The US Federal Reserve sets the benchmark interest rate for the world's largest economy. When rates rise, gold becomes less attractive because investors can earn returns from bonds and deposits. When rates stay on hold or fall, gold tends to benefit. This week's meeting is expected to result in no change to rates, which would be a neutral-to-positive signal for gold.
Is the US-Iran peace deal confirmed?
As of 16 June 2026, the deal remains preliminary. President Trump announced a framework agreement on Monday, but specific details have not been made public by either the US or Iranian governments. The formal signing is expected in Switzerland on 19 June. Until that happens, markets will remain cautious and gold could see continued short-term volatility.
