Gold and Silver Prices in India Today, 15 June 2026: 24K Gold Jumps ₹2,330 to ₹1,53,240, Silver Surges 2.25% on US-Iran Peace Hopes

Gold and silver prices rose sharply across Indian markets on Monday, 15 June 2026, as hopes of a US-Iran peace deal pushed crude oil prices lower and lifted sentiment across precious metals. US President Donald Trump signalled that a peace agreement could be finalised soon and cancelled planned military action against Iran, triggering a relief rally in global commodity markets. As of 1:00 PM IST, 24K gold is trading at ₹1,53,240 per 10 grams, up ₹2,330 or 1.54% from yesterday, and silver 999 Fine is at ₹2,53,220 per kg, up ₹5,570 or 2.25%, according to Bullions.co.in.

Quick Snapshot

City-Wise Gold and Silver Rates Today, 15 June 2026

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

Rates are indicative bullion prices as of 15 June 2026, 13:00 IST. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold Rate Analysis Today

24K gold is trading at ₹1,53,240 per 10 grams today, up ₹2,330 or 1.54% from yesterday's close of ₹1,50,910. This is the strongest single-day gain for gold in over a week and marks a clear recovery from the lows seen mid-week.

The trigger is a significant geopolitical shift. Trump's indication of a potential US-Iran peace deal and the cancellation of planned military action caused crude oil prices to decline, easing inflation fears. Lower energy prices reduce the likelihood of further central bank rate hikes, which makes gold more attractive to investors.

Gold prices ended 1.07% higher at ₹1,50,528 in the previous session, recovering amid improving sentiment after crude oil prices declined on rising expectations of a potential peace agreement between the US and Iran. Today's session has extended those gains further, with MCX gold now up 1.64% intraday.

Technically, the market is witnessing short covering, with open interest declining by 4.12% while prices moved higher. Gold is finding immediate support at ₹1,49,665, followed by ₹1,48,805. Resistance is seen at ₹1,51,220, and a sustained move above this level could extend gains towards ₹1,51,915.

Silver Rate Analysis Today

Silver 999 Fine is trading at ₹2,53,220 per kg today, up ₹5,570 or 2.25% from yesterday's ₹2,47,650. Silver is outperforming gold on a percentage basis today, which is a positive signal for precious metals overall.

Silver prices experienced a notable rebound, closing 2.73% higher at ₹2,46,186 in the previous session, even amidst ongoing concerns regarding global interest rate expectations. The recovery was bolstered by a reduction in geopolitical tensions following signs that a potential US-Iran peace agreement might be imminent, resulting in a decrease in crude oil prices.

On COMEX, silver is up 3.28% to $70.21 per ounce, with a session high of $70.91 and a low of $68.73. This is a strong move and puts silver back above the psychologically important $70 per ounce level for the first time since the June sell-off.

Technically, silver is currently experiencing new buying interest, as indicated by a slight increase in open interest along with rising prices. Immediate support is identified at ₹2,41,790, with additional downside support at ₹2,37,395. On the upside, resistance is positioned at ₹2,48,790, and a decisive breakout above this level could pave the way for a move towards ₹2,51,395.

MCX Futures Data Today, 15 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Source: Bullions.co.in Live Exchange Rates. Last updated 15 Jun 2026, 13:00 IST.

Both MCX gold and silver are posting strong gains in today's session. MCX gold is up 1.64% and MCX silver is up 2.43%, closely tracking the sharp rally on COMEX. The strong alignment between MCX and COMEX moves suggests today's buying is conviction-driven rather than technical short covering alone. Traders should watch whether COMEX gold can sustain gains above $4,300 per ounce through the US session, which would reinforce the recovery thesis for this week.

Key Factors Influencing Prices Today

• Trump's Iran Peace Signal: US President Donald Trump cancelled planned military strikes on Iran and signalled that a peace deal could be finalised soon. This is the single biggest trigger for today's rally. Lower geopolitical risk reduces crude oil prices and eases the inflation outlook, which in turn reduces pressure on central banks to raise rates further.
• Crude Oil Prices Fall: Falling crude oil prices directly reduce inflation fears. Since a large part of the recent inflation spike, including the May CPI reading of 4.2% — was driven by energy costs, any moderation in crude eases the path for gold and silver.
• COMEX Gold Surges 2.27%: International spot gold rose sharply, with COMEX gold up 2.27% to $4,335.10 per ounce and a session high of $4,356.80. This is pulling domestic MCX and retail rates higher.
• China's Silver Demand Remains Strong: China's silver imports hit a record 836 metric tonnes in March, nearly triple the historical monthly average. Photovoltaic industry stockpiling and strong retail investment are keeping global silver demand elevated.

Smart Gold and Silver Buying Tips

Today's rally is an encouraging sign, but pace yourself. Gold has recovered ₹2,330 in a single session. Whether this is the start of a sustained recovery or a relief bounce depends on whether the Iran peace deal materialises. Staged buying remains the prudent approach.

Silver back above ₹2,53,000 is significant. Silver has reclaimed key levels after last week's sharp fall. Long-term investors who missed the earlier rally may find the current zone attractive for a staged entry, particularly given strong structural demand from the solar and EV sectors.

Always insist on BIS hallmarking. Every piece of gold jewellery should carry a six-digit HUID confirming government-certified purity. This is especially important during the festive season buying.

Watch crude oil and Iran news closely this week. If the peace deal moves forward, crude could fall further, removing the key inflation driver that has been pressuring both gold and central bank policy. That would be broadly bullish for precious metals.

FAQs

Why did gold and silver rise so sharply today?

The primary trigger is Trump's signal of a potential US-Iran peace agreement. A peace deal would lower crude oil prices, reduce inflation fears, and reduce the likelihood of further interest rate hikes. All three of these factors are positive for gold and silver, which pay no yield and benefit when rate expectations ease.

What does India's silver import restriction mean for buyers?

The government has restricted imports of silver bars and semi-manufactured products to reduce pressure on the rupee after record silver imports of $12 billion in FY2025-26. For domestic buyers, this could gradually tighten supply and put upward pressure on local silver prices over the coming months.

Is this a good time to buy gold at ₹1,53,240?

Gold is up 52.51% year-on-year and recovering from a sharp mid-June correction. If the Iran peace deal progresses, crude oil falls, and inflation expectations cool, gold could resume its longer-term uptrend. Investors with a horizon of one year or more may find current levels reasonable on a staged basis. Short-term traders should wait to see whether today's gains hold into the end of the week.