Gold and Silver Prices in India Today, 23 June 2026: 24K Gold Falls to ₹1,45,910, Silver Drops to ₹2,45,000 as Fed Stance Weighs on Bullion

Gold and silver prices fell across Indian markets on Tuesday, 23 June 2026. The fall comes from weak global cues and a hawkish stance by the US Federal Reserve. 24K gold is trading at ₹1,45,910 per 10 grams today. Silver is at ₹2,45,000 per kg. MCX gold has also dropped sharply, falling 1.39% in early trade. Silver on MCX fell over 2.5% during the session. Traders are reacting to currency moves and short-term profit booking in bullion markets.

Quick Snapshot

City Wise Gold and Silver Rates Today in India, 23 June 2026

Prices change slightly from city to city. This happens due to local taxes, transport costs, and jeweller margins.

Rates are indicative bullion prices as of 23 June 2026. Jewellery purchases include extra making charges and GST. Chennai and Kolkata show higher rates today.

Gold and Silver Prices in India Today, 22 June 2026: 24K Gold Climbs to ₹1,48,920, Silver Jumps 2.33% to ₹2,39,300 as Bullion Rebounds After Last Week’s Fed Shock

Gold and silver prices in India today, 22 June 2026: 24K gold climbed to ₹1,48,920 per 10g, up 0.93%, while silver jumped 2.33% to ₹2,39,300 per kg, as bullion markets recovered after last week’s hawkish Fed-driven sell-off. Check city-wise rates and MCX data.

StartupTalky- Business News, Insights and StoriesMuskaan Kapoor

Gold Price Analysis Today

Gold prices in India fell sharply today. This comes from weak global cues and a hawkish US Fed stance. The average rate for 24K gold stands at ₹14,591 per gram, or ₹1,45,910 per 10 grams. 22K jewellery gold is priced at ₹13,375 per gram, or ₹1,33,750 per 10 grams. Prices have fallen by up to ₹2,070 per 10 grams today.

On MCX, gold is seeing a sharp intraday correction. The near-month futures contract is trading at ₹1,47,228 per 10 grams. This is down by ₹2,081 or 1.39% from the previous close. The session opened at ₹1,46,776. Prices have moved between ₹1,45,710 on the low side and ₹1,48,343 on the high side.

On Monday, gold had settled slightly higher on MCX at ₹1,49,236 per 10 grams. Physical bullion prices were around ₹1,47,310 after the weekend pause. Today's fall reverses some of that move.

Gold remains influenced by global bullion rates, the rupee-dollar rate, import duty, and seasonal jewellery demand. The wedding season demand in some regions is keeping retail demand stable. This is stopping sharp falls in physical market prices, even as MCX shows more volatility.

Silver Price Analysis Today

Silver prices show a mixed picture today. Goodreturns puts the rate at ₹2,45,000 per kg. NewsX and other sources show the average physical price near ₹2,49,900 per kg. This reflects an intraday fall of more than 2.5% from recent highs.

On MCX, silver had risen nearly 2% on Monday to ₹2,37,990 per kg. Physical market rates were close to ₹2,37,801 per kg after the weekend. Today's session shows fresh weakness, with MCX silver falling over 2.5% during trade.

Silver remains more sensitive than gold to global manufacturing trends. This makes it more volatile during times of economic doubt. Industrial demand and investment buying continue to support silver at levels well above long-term averages, even after today's pullback.

City-level data shows wide gaps today. Amaravati recorded the highest silver price in the country at ₹2,78,900 per kg. Bengaluru recorded the lowest at ₹2,51,900 per kg. That is a gap of ₹27,000 per kg between the two cities.

MCX Futures Data Today, 23 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Gold on MCX is seeing active selling pressure today. The contract opened lower and has swung in a wide range through the day. This shows traders are reacting fast to global cues. Silver futures are also under pressure after Monday's gain did not hold. The contract expiry to watch is August 5, 2026 for gold. Traders should expect more swings as the market reacts to Fed signals and currency moves this week.

Key Factors Influencing Gold and Silver Prices Today

• Hawkish Fed Stance Continues: The US Federal Reserve continues to lean hawkish. This keeps pressure on gold and silver, since higher rates reduce the appeal of metals that pay no interest.
• Interim US-Iran Peace Deal: Markets are also reacting to an interim peace deal between the US and Iran. This deal includes a commitment to end the war on all fronts, including Lebanon, and the reopening of the Strait of Hormuz. Easing tensions reduces safe-haven demand for gold.
• Currency Moves: The rupee-dollar rate plays a big role in setting domestic prices. If the rupee weakens while global prices stay flat, gold and silver become costlier for Indian buyers.
• Profit Booking: Short-term traders are booking profits after recent gains. This is adding to the selling pressure seen on MCX today.
• Stable Wedding Season Demand: Even with falling prices, wedding season buying is keeping physical demand steady in many cities. This is limiting how sharply retail prices can fall compared to MCX.

FAQs

Why did gold fall today?

Gold fell due to a hawkish stance from the US Federal Reserve. An interim peace deal between the US and Iran also reduced safe haven demand. This led to selling pressure on both MCX and physical markets.

Why is silver showing different prices in different reports?

Different sources update their rates at different times in the day. Goodreturns showed ₹2,45,000 per kg while other sources showed near ₹2,49,900 per kg. Bullion rates change often through the day, so small gaps between sources are normal.

Should I buy gold or silver today?

Prices are moving fast today due to global news. If you plan to buy, it may help to wait for the market to settle. Buying in small parts over several days is a safer approach than one large purchase.