Gold and Silver Prices Remain Stable on June 22
On June 22, 2026, gold and silver prices in India exhibited overall stability, experiencing only minor fluctuations across major metropolitan areas. This steady trend emerged despite global markets reacting to ongoing geopolitical tensions in West Asia and varied signals concerning the US dollar's strength. Precious metals, traditionally sought as safe-haven assets, did not show significant upward movement, indicating a cautious investor sentiment coupled with consistent domestic demand.
As per the latest retail market data, 24-carat gold was generally trading around ₹14,651 per gram, while 22-carat gold was priced near ₹13,430 per gram. Silver prices, meanwhile, hovered close to ₹2,50,000 per kilogram in the domestic bullion market.
City-Wise Gold Rates Across India
Gold prices in India are influenced by several factors, including international bullion rates, the rupee-dollar exchange rate, import duties, and seasonal jewellery demand. These elements, along with local taxes, transportation costs, and jewellers' margins, lead to slight price variations between cities.
- Delhi: 24K Gold at ₹14,666 per gram; 22K Gold at ₹13,445 per gram
- Mumbai: 24K Gold at ₹14,651 per gram; 22K Gold at ₹13,430 per gram
- Kolkata: 24K Gold at ₹14,651 per gram; 22K Gold at ₹13,430 per gram
- Chennai: 24K Gold at ₹14,833 per gram; 22K Gold at ₹13,599 per gram
Silver Market Trends and City Prices
Silver continues to trade at elevated levels compared to its long-term averages, supported by robust industrial demand and ongoing investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, which can lead to greater volatility during periods of economic uncertainty.
- Delhi: Silver at ₹2,50,000 per kilogram (₹2,500 per 10gm)
- Mumbai: Silver at ₹2,50,000 per kilogram (₹2,500 per 10gm)
- Kolkata: Silver at ₹2,50,000 per kilogram (₹2,500 per 10gm)
- Chennai: Silver at ₹2,54,900 per kilogram (₹2,549 per 10gm)
Multi Commodity Exchange (MCX) Performance
On the Multi Commodity Exchange (MCX) as of June 22, 2026, gold futures for August delivery opened slightly higher at ₹148,040 per 10 grams, showing a 0.33% increase. Silver futures for July delivery also saw a rise, climbing by 1.13% to reach ₹2,36,490 per kilogram. Recent futures market data indicated mild pressure on bullion, with silver experiencing a more significant correction than gold.
Analysts suggest that traders are maintaining a cautious stance, awaiting clearer global macroeconomic cues, currency movements, and further geopolitical developments, all of which are expected to shape the future trajectory of precious metal prices.