On June 18, gold prices rebounded across major Indian cities, with both 22-carat and 24-carat gold registering gains. The increase was supported by firm global cues & renewed safe-haven demand amid ongoing economic uncertainties & geopolitical concerns. Investors returned to metal, anticipating potential interest rate adjustments by central banks.
Gold prices witnessed a rebound on June 18, bringing relief to investors and jewellery buyers after recent fluctuations in the bullion market. The precious metal traded higher across major Indian cities, supported by firm global cues and renewed safe-haven demand amid ongoing economic uncertainties.
According to the latest market data, both 22-carat and 24-carat gold prices registered gains in domestic markets. The recovery comes after a brief correction in the previous sessions, as investors returned to gold amid expectations of potential interest rate adjustments by major central banks and persistent geopolitical concerns.
In major cities such as Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad, gold prices moved higher, reflecting the broader trend seen in international markets. The rise was also mirrored in Multi Commodity Exchange (MCX) futures, where gold contracts traded in positive territory during the day. Silver prices also edged higher, tracking gains in the global precious metals market.
Gold and Silver Prices Rise on June 18: Check City-Wise Rates
City 24K Gold (Rs /10 gm) 22K Gold (Rs /10 gm) Silver (Rs /kg)
Delhi Rs 1,51,240 Rs 1,38,640 Rs 2,64,900
Mumbai Rs 1,51,090 Rs 1,38,490 Rs 2,64,900
Kolkata Rs 1,51,090 Rs 1,38,490 Rs 2,64,900
Chennai Rs 1,53,050 Rs 1,40,290 Rs 2,74,900
Bengaluru Rs 1,51,090 Rs 1,38,490 Rs 2,64,900
Hyderabad Rs 1,51,090 Rs 1,38,490 Rs 2,74,900
Market analysts noted that global bullion sentiment remains supported by a softer dollar and growing investor preference for safe-haven assets. While equity markets continue to face intermittent volatility, gold has retained its appeal as a hedge against uncertainty and inflationary pressures.
On the international front, COMEX gold prices recorded an uptick, providing further support to domestic bullion rates. Traders are closely monitoring economic indicators from major economies, particularly inflation and employment data, which could influence future monetary policy decisions and impact precious metal prices.
As of June 18, the price of 24-carat gold remained above the Rs 1 lakh mark per 10 grams in several markets, while 22-carat gold also traded at elevated levels. Silver prices continued their upward trajectory, reflecting strong industrial and investment demand.
Jewellers expect buying activity to remain steady despite the increase in prices, especially with festive and wedding-related purchases supporting retail demand. However, experts advise buyers to compare rates across cities and check making charges before making purchases, as local taxes and premiums can influence final prices.
With global economic developments, central bank decisions and currency movements continuing to shape market sentiment, investors are expected to keep a close watch on gold and silver trends. For now, the latest rebound reinforces bullion's status as one of the most closely tracked asset classes during periods of market uncertainty.
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