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Today, a slight decline in the prices of gold and silver has been recorded in the Indian bullion market, which has provided some relief to the buyers amid the recession in the global markets. On June 17, 2026, the price of 24 carat pure gold remains at around Rs 1,51,510 per 10 grams. At the same time, the price of 22 carat gold used for making jewelery has been recorded at Rs 1,38,500 per 10 grams. If we talk about 18 carat gold, the price is running at Rs 1,13,320 per 10 grams.

Amid fluctuations in industrial demand for silver, softness has been observed. In the Indian bullion market, the price of silver is trading at around ₹ 2,49,330 to ₹ 2,65,000 per kg. In the international market, gold has crossed $ 4,362 per ounce, while silver has also strengthened and is trading above $ 70 per ounce.

The main reasons for the fall in gold and silver prices are believed to be the reduction in tension in the Middle East, caution among investors globally before the US Federal Reserve meeting and fluctuations in the dollar index. Expectations of a peace deal between the US and Iran have reduced tension in global markets, leading to a fall in gold, silver and crude oil prices. The price of Brent crude oil has come down to $76 per barrel and the price of American crude (WTI) has come down to $75. Due to this, the oil supply crisis has also been averted.

At present the Dollar Index (DXY) has weakened to near the level of 99.50. The Indian rupee remains around the level of 94.36 against the US dollar. According to market experts, investors are quite cautious about the reduction in the ongoing geopolitical tension at the international level and the policy meeting of the US Federal Reserve. At present investors are waiting for the decision regarding interest rates. Geopolitical developments in West Asia and decisions of the US Federal Reserve can decide the next direction of gold and silver.

Keep in mind that the gold and silver prices given above do not include GST making charges and local state taxes of the states, hence the final rates may differ from state to state retail shop. There may be slight variation in prices in different cities due to local taxes, transportation costs and jewelers’ making charges. This article has been written for information purposes only, do not consider it as investment advice. We do not guarantee or take any responsibility for the accuracy or reliability of any content. Investing in the market is subject to risks. Be sure to consult your financial advisor or market expert before making any type of investment.