Gold and Silver Prices in India Today, 17 June 2026: 24K Gold Holds Near ₹1,51,100, Silver Jumps to ₹2,65,000 Ahead of Fed Decision
Gold and silver prices in India today, 17 June 2026: 24K gold held near ₹1,51,100 per 10g while silver jumped 5.38% to ₹2,65,000 per kg, as markets stayed cautious on West Asia tensions ahead of the Fed's rate decision. Check city-wise rates and MCX data.
Gold and silver prices in India on 17 June 2026 remained largely steady with minor fluctuations across major cities, even as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. As per the latest retail market rates, 24-carat gold is trading around ₹15,110 per gram, while 22-carat gold is priced near ₹13,850 per gram. Silver prices are hovering close to ₹2,65,000 per kilogram in the domestic bullion market.
Precious metals, traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand as traders await the US Federal Reserve's policy decision this week.
Quick Snapshot
| Metal | Today (17 June) | Yesterday (16 June) | Change |
|---|---|---|---|
| Gold 24K (per 10g) | ₹1,51,100 | ₹1,53,390 | 🔴▼ −1.49% |
| Gold 22K (per 10g) | ₹1,38,500 | ₹1,40,608 | 🔴▼ −1.50% |
| Silver 999 (per kg) | ₹2,65,000 | ₹2,51,470 | 🟢▲ +5.38% |
Sources: BusinessToday, Goodreturns. Retail bullion market rates as of 17 June 2026.
City-Wise Gold and Silver Rates Today, 17 June 2026
Prices vary slightly across cities due to local taxes, transportation costs, and jewellers' margins.
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,38,500 | ₹1,51,100 | ₹2,65,000 |
| Mumbai | ₹1,38,350 | ₹1,50,940 | ₹2,65,000 |
| Chennai | ₹1,39,890 | ₹1,52,610 | ₹2,65,000 |
| Hyderabad | ₹1,38,350 | ₹1,50,940 | ₹2,65,000 |
| Bengaluru | ₹1,38,350 | ₹1,50,940 | ₹2,65,000 |
| Kolkata | ₹1,38,350 | ₹1,50,940 | ₹2,65,000 |
| Pune | ₹1,38,350 | ₹1,50,940 | ₹2,65,000 |
| Ahmedabad | ₹1,38,800 | ₹1,51,440 | ₹2,65,000 |
| Lucknow | ₹1,38,500 | ₹1,51,100 | ₹2,65,000 |
| Jaipur | ₹1,38,500 | ₹1,51,100 | ₹2,65,000 |
Rates are indicative bullion prices as of 17 June 2026. 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 hovering near ₹1,51,100 per 10 grams today, easing from yesterday's ₹1,53,390. Despite ongoing tensions in West Asia, gold has not shown the sharp upside typically expected from a safe-haven asset, signalling that investors are taking a wait-and-watch approach this week.
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.
On COMEX, gold is trading around $4,336.83 per ounce today. Gold prices are expected to be highly volatile this week amid the Fed's interest rate decision, the release of the Philadelphia Fed Manufacturing index, and other macroeconomic indicators. Analysts remain divided, with some expecting gold to decline toward lower levels by year-end amid ongoing geopolitical uncertainty and the possibility of further Fed rate hikes, while others see room for gains in the near term.
On the Multi Commodity Exchange, gold had settled slightly lower at ₹1,53,000 per 10 grams on Tuesday, meaning today's retail dip reflects some catch-up to that softer MCX close. Compared to one week ago on 10 June, gold is broadly flat to mildly higher, while the picture over the past month remains volatile given the sharp swings seen through early and mid-June.
| Period | 24K Gold (per 10g) | Change |
|---|---|---|
| Today (17 June 2026) | ₹1,51,100 | — |
| Yesterday (16 June 2026) | ₹1,53,390 | 🔴▼ −1.49% |
| One Week Ago (10 June 2026) | ₹1,49,560 | 🟢▲ +1.03% |
| One Month Ago (17 May 2026) | ₹1,59,120 | 🔴▼ −5.04% |
| One Year Ago (17 June 2025) | ₹98,650 | 🟢▲ +53.17% |
Silver Rate Analysis Today
Silver has surged to ₹2,65,000 per kg today, a sharp jump of 5.38% from yesterday's ₹2,51,470. The price of silver in India today is ₹265 per gram and ₹2,65,000 per kilogram. Silver price in India is determined by international prices, which move in either direction, and also depends on the rupee's movement against the dollar. If the rupee falls against the dollar and international prices remain stable, silver becomes more expensive.
On MCX, silver had faced heavier selling on Tuesday, with prices falling nearly 0.44% to ₹2,52,000 per kg. Today's sharp retail jump to ₹2,65,000 marks a strong reversal, suggesting either a significant overnight move in international silver prices or a bullion association rate correction catching up with global trends.
Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions. This volatility is clearly visible in today's sharp single-day move.
| Period | Silver 999 (per kg) | Change |
|---|---|---|
| Today (17 June 2026) | ₹2,65,000 | — |
| Yesterday (16 June 2026) | ₹2,51,470 | 🟢▲ +5.38% |
| One Week Ago (10 June 2026) | ₹2,35,020 | 🟢▲ +12.76% |
| One Month Ago (17 May 2026) | ₹2,71,760 | 🔴▼ −2.49% |
| One Year Ago (17 June 2025) | ₹1,07,800 | 🟢▲ +145.83% |
MCX Futures Data Today, 17 June 2026
Gold Futures (August 2026 Contract)
| Parameter | Value |
|---|---|
| Previous Close (16 June) | ₹1,53,000 per 10g |
| COMEX Gold Reference | $4,336.83/oz |
Silver Futures (July 2026 Contract)
| Parameter | Value |
|---|---|
| Previous Close (16 June) | ₹2,52,000 per kg |
| MCX Change (16 June) | 🔴▼ −0.44% |
Note: Live intraday MCX figures for 17 June were not yet available from Bullions.co.in at the time of writing, as the source had not refreshed beyond 16 June, 14:20 IST. Figures above reflect Tuesday's confirmed close. Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold on Tuesday.
This week's trading is expected to be highly volatile amid the Fed's interest rate decision and the release of the Philadelphia Fed Manufacturing index. Traders should treat today's MCX opening levels as the key reference point once live data becomes available, given the sharp retail silver move already visible in the broader market.
Key Factors Influencing Prices Today
Fed Rate Decision This Week: Gold prices are expected to be highly volatile this week amid the Fed's interest rate decision, along with the release of the Philadelphia Fed Manufacturing index and other macroeconomic indicators. This is the single biggest event risk for bullion markets right now.
West Asia Tensions Persist: Global markets continue to react to geopolitical tensions in West Asia, even as the preliminary US-Iran peace framework remains unconfirmed in detail.
Mixed Dollar Signals: Mixed signals from the US dollar are keeping both gold and silver in a relatively rangebound state, rather than triggering a sharp directional move.
Rupee-Dollar Movement: Silver price in India is determined by international prices and also depends on the rupee's movement against the dollar. If the rupee weakens while global prices hold steady, silver becomes costlier for Indian buyers.
Stable Domestic Demand: With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.
Smart Buying Tips for Gold and Silver
Wait for the Fed announcement before large purchases. This week's rate decision is the key driver for global gold and silver direction. Acting before the announcement adds unnecessary risk.
Silver's sharp jump today calls for caution, not urgency. A near 5.4% single-day move is unusual. Confirm the trend over the next two to three sessions before committing significant capital.
Stick to staged buying. Given the volatility across this month, splitting purchases over multiple sessions remains the safer approach compared to a lump-sum buy.
Always insist on BIS hallmarking. Every piece of gold jewellery should carry a six-digit HUID confirming government-certified purity, particularly important as wedding season demand picks up.
FAQs
Why did silver jump sharply while gold eased today?
Silver is more sensitive to global manufacturing and industrial demand trends than gold, which makes it more volatile. Today's move reflects a combination of rupee movement against the dollar and international silver price trends, while gold remained comparatively steady due to cautious investor sentiment ahead of the Fed decision.
Why are gold and silver not rising sharply despite West Asia tensions
Despite their safe-haven status, gold and silver have not shown sharp upside today, which signals that investors are exercising caution and waiting for clarity, particularly around the upcoming US Federal Reserve policy decision, rather than reacting purely to geopolitical headlines.
Should I buy gold or silver today?
With the Fed's rate decision due this week, near-term volatility is expected for both metals. Investors with a long-term horizon may continue staged buying, but those looking to make a large purchase may want to wait for the Fed announcement and a clearer market direction before committing.
