Gold and Silver Prices in India Today, 11 June 2026: 24K Gold Slips to ₹1,48,850 as US Inflation Hits 3-Year High, Silver at ₹2,50,000

Gold and silver prices fell further across Indian markets on Thursday, 11 June 2026, as hotter-than-expected US inflation data reinforced fears of prolonged interest rate hikes. The US Consumer Price Index for May 2026, released on 10 June, showed headline inflation rising 4.2% year on year — the highest reading since April 2023 and well above the prior reading of 3.8%. On the Multi Commodity Exchange, gold crashed around 2.3% to end at ₹1,48,955 per 10 grams. Retail 24K gold is trading at ₹1,48,850 per 10 grams and silver 999 Fine at ₹2,50,000 per kg as of mid-session today.

Quick Snapshot

Sources: Goodreturns, BusinessToday, BusinessUpturn. Retail bullion association rates as of 11 June 2026, mid-session. Note: Silver retail rates from bullion associations may lag MCX intraday moves.

City-Wise Gold and Silver Rates Today, 11 June 2026

Prices vary across cities due to state taxes, local duties, and logistics costs.

Rates are indicative bullion prices as of 11 June 2026. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 10 June 2026: 24K Gold Drops ₹3,040 to ₹1,49,560, Silver Falls 1.67% as US Inflation Data Looms

Gold and silver prices in India today, 10 June 2026: 24K gold fell ₹3,040 to ₹1,49,560 per 10g and silver dropped 1.67% to ₹2,35,020 per kg as markets brace for US CPI inflation data. Check city-wise rates, MCX futures, and buying tips.

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Gold Price Analysis Today

Gold prices on 11 June 2026 declined for a second consecutive session, slipping to a multi-month low. The safe-haven status of gold has faced selling pressure from profit-taking after its recent upward run.

This is the second consecutive drop in gold rates, with prices now down by ₹7,520 per 10 grams of 24K purity over just two days. Retail 24K gold at ₹1,48,850 is down ₹710 or 0.47% from yesterday's ₹1,49,560.

International spot gold fell 0.20% to $4,063.87 per ounce, touching its lowest level since November. US gold futures for August fell 1.13% to $4,086.72 per ounce.

A senior market expert noted that gold has broken below the key support level of $4,300 per ounce, potentially paving the way for a decline toward the $4,000–$4,100 range. Markets are currently pricing in more than a 70% probability of a US Federal Reserve rate hike by December.

Compared to one week ago, gold is down 6.13% from ₹1,58,560. Year-on-year, it remains up 53.40% from ₹97,010.

Silver Price Analysis Today

Silver 999 Fine is trading at ₹2,50,000 per kg in retail bullion markets today. On MCX, silver declined 0.54% to ₹2,34,240, shedding 1,265 points. The gap between the retail rate and MCX price reflects the lag between bullion association rate revisions and live exchange moves.

On COMEX, silver rose to $63.95 per ounce, up 0.87% from the previous day. The mild global recovery in silver prices has not yet fully fed through to MCX or domestic retail rates.

Silver has also slipped below the important $66 per ounce level, which could trigger further downside toward $60 per ounce — roughly ₹2,15,000 per kg — according to technical analysts. However, silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying.

Note: Yesterday's retail silver rate (₹2,35,020) reflected bullion association lag from Wednesday's sharp MCX sell-off. Today's ₹2,50,000 rate is the corrected retail figure.

MCX Futures Data Today, 11 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Source: BusinessUpturn/MCX data. As of mid-session 11 June 2026.

The selling in MCX gold and silver was driven primarily by the US CPI data for May 2026, which showed headline inflation at 4.2% year on year — the highest since April 2023. Energy costs tied to the Iran conflict accounted for more than 60% of the monthly gain. Core inflation remained elevated, and markets moved to price in a stickier Federal Reserve policy path. MCX gold is now trading below ₹1,50,000 for the first time in several months.

Key Factors Influencing Prices Today

US CPI at 3-Year High: The May 2026 CPI showed headline inflation rising 0.5% month on month and 4.2% year on year, significantly above the prior reading of 3.8%. This has firmly put rate hike expectations back on the table and is the single biggest factor weighing on gold.

Iran Escalation and Strait of Hormuz: Crude oil rose on fresh Iran escalation fears, following US strikes on Iranian targets in retaliation for the downing of an American Apache helicopter near the Strait of Hormuz. Iran's threat to close the strait — through which approximately one in five barrels of globally traded oil passes — kept supply disruption fears elevated.

Fed Rate Hike Bets Above 70%: Markets are currently pricing in more than a 70% probability of a US Federal Reserve rate hike by December, per CME FedWatch data. Higher rates make gold, which pays no yield, less attractive to investors.

Gold Below Key Technical Support: Gold has broken below the key support level of $4,300 per ounce, potentially paving the way for further decline toward the $4,000–$4,100 range. This is bringing in additional technical selling.

Stable Domestic Demand: With the wedding and festive season approaching in some regions, retail demand in India remains stable, preventing a sharper correction in domestic prices.

Smart Buying Tips

Do not chase the fall with a lump sum. Gold has lost over ₹10,000 per 10 grams from its recent highs. A staged buying approach — splitting purchases over multiple weeks — reduces the risk of buying at an interim level that falls further.

The ₹1,45,000–₹1,50,000 zone is a key watch level. Analysts have flagged ₹1,45,000 as the next major support on MCX. Watch whether gold holds above this zone before committing larger capital.

Always insist on BIS hallmarking. Every piece of gold jewellery must carry a six-digit HUID for government-certified purity. Avoid unverified gold, especially during discount sales.

Silver's long-term industrial demand story is intact. Silver continues to be supported by industrial demand, and unlike gold, it is more sensitive to global manufacturing trends. Long-term investors in solar, EV, and electronics sectors may find the current correction attractive.

FAQs

Is gold at ₹1,48,850 per 10 grams a good buying opportunity?

From a one-year perspective, gold is still up over 53%. However, near-term direction remains bearish, with technical analysts pointing to further possible downside toward ₹1,45,000. Investors with a long-term horizon of two or more years may consider staged buying. Those with a short-term view should wait for price stabilisation.

What is the difference between MCX price and retail city price?

MCX reflects live exchange-traded futures and updates continuously during market hours. Retail prices in Indian cities are set by state bullion associations once or twice a day and include import duty, GST, local taxes, and dealer margins. This is why retail rates are typically higher than MCX rates and may lag sharp intraday moves.