Gold & Silver Rates Today (16/06/2026) LIVE: MCX Gold Above Rs 1,53,200/ 10 Grams, Silver Recovers Mild Losses

Gold rates and silver rates in India faced volatility on June 16, 2026, as the global bullion market trades mixed. MCX gold price traded marginally higher and held above Rs 1.53 lakh mark, while MCX silver dropped by Rs 1,050 to hit around Rs 2.50 lakh. Spot gold is mildly up to hold above $4,310 per ounce but spot silver dropped by 1% to trade below $70 per ounce. Investors booked in gains after precious metals climbed by 2% to 4% yesterday.

However, the mixed trend is despite expectations of a US-Iran peace agreement, which could reopen the Strait of Hormuz, ease inflationary pressures, provide much-needed drive to tame the energy crisis and reduce the likelihood of rate hikes ahead.

Also, gold and silver prices are cautious ahead of FOMC meeting for June 2026 policy outcomes. US Federal Reserve under the new chair, Kevin Walsh, will commence the 2-day policy meeting from June 16th. The outcomes will be declared on June 17th.

The agreement is expected to be signed in Switzerland on June 19 and reportedly includes lifting blockades, easing sanctions on Iran, and dismantling Tehran's nuclear program. Investors are now turning their attention to the US Federal Reserve's first policy meeting under new chair Kevin Warsh, with markets widely expecting rates to remain unchanged. The Reserve Bank of Australia and the Bank of England are also seen holding policy steady this week, while the Bank of Japan is expected to raise interest rates to bolster its currency.

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Jun 16, 2026, 3:54 pm IST

Live Gold Rates Today: Chennai Gold Rates Fall By As Much As Rs 1,100

Gram	24K Gold	22K Gold	18K Gold
1 Gram	₹15,338 (🔻 ₹11)	₹14,060 (🔻 ₹10)	₹11,790 (🔻 ₹10)
8 Grams	₹1,22,704 (🔻 ₹88)	₹1,12,480 (🔻 ₹80)	₹94,320 (🔻 ₹80)
10 Grams	₹1,53,380 (🔻 ₹110)	₹1,40,600 (🔻 ₹100)	₹1,17,900 (🔻 ₹100)
100 Grams	₹15,33,800 (🔻 ₹1,100)	₹14,06,000 (🔻 ₹1,000)	₹11,79,000 (🔻 ₹1,000)

In Chennai, the 24-carat gold price dropped by Rs 1,100 to Rs 1,53,380 per 100 grams and slipped by Rs 110 to Rs 1,53,380 per 10 grams. Also, 22 carat gold price tumbled by Rs 1,000 to Rs 14,06,000 per 100 grams and dipped by Rs 100 to Rs 1,40,600 per 10 grams. Here, 18 carat gold plummeted by Rs 1,000 as well to Rs 11,79,000 per 100 grams and dropped by Rs 100 to Rs 1,17,900 per 10 grams.

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Jun 16, 2026, 3:53 pm IST

Live Silver Prices Today: Silver Rates Crash In Hyderabad, Chennai, Kerala

Gram	Today	Yesterday	Change
1 Gram	₹275	₹280	🔻 ₹5
8 Grams	₹2,200	₹2,240	🔻 ₹40
10 Grams	₹2,750	₹2,800	🔻 ₹50
100 Grams	₹27,500	₹28,000	🔻 ₹500
1,000 Grams (1 Kg)	₹2,75,000	₹2,80,000	🔻 ₹5,000

In three cities such as Hyderabad, Chennai and Kerala, silver prices fell sharply on June 16, 2026. In case of silver, 1Kg price tumbled by Rs 5,000 to Rs 2.75 lakh and was down by Rs 500 to Rs 27,500 per 100 grams. The 10 grams silver rate is lower by Rs 50 to Rs 2,750, while down by Rs 40 and Rs 5 in 8 grams and 1 gram to Rs 2,200 and Rs 275 respectively.

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Jun 16, 2026, 3:50 pm IST

Live Gold Rates Today: Bangalore Gold Prices Drop

Gram	24K Gold	22K Gold	18K Gold
1 Gram	₹15,137 (🔻 ₹16)	₹13,875 (🔻 ₹15)	₹11,353 (🔻 ₹12)
8 Grams	₹1,21,096 (🔻 ₹128)	₹1,11,000 (🔻 ₹120)	₹90,824 (🔻 ₹96)
10 Grams	₹1,51,370 (🔻 ₹160)	₹1,38,750 (🔻 ₹150)	₹1,13,530 (🔻 ₹120)
100 Grams	₹15,13,700 (🔻 ₹1,600)	₹13,87,500 (🔻 ₹1,500)	₹11,35,300 (🔻 ₹1,200)

Gold rates in India broadly halted their gaining spree and dropped on June 16, 2026. Bangalore's gold prices saw the steepest drop, falling by Rs 1,600 for 24 carat gold. However, silver rates in Bangalore were unchanged, unlike other southern cities where silver slipped. The sentiment in precious metals is cautious and volatile as investors await the US Federal Reserve's policy outcomes on June 17. Due to the West Asian war, inflationary pressure creates a possibility of a rate hike in 2026. Hence, the FOMC's statement on Wednesday will be pivotal for rate hikes' trajectory.

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Jun 16, 2026, 3:50 pm IST

Live Silver Rates Today: Silver Prices In India Unchanged

Gram	Today	Yesterday	Change
1 Gram	₹265	₹265	₹0
8 Grams	₹2,120	₹2,120	₹0
10 Grams	₹2,650	₹2,650	₹0
100 Grams	₹26,500	₹26,500	₹0
1,000 Grams (1 Kg)	₹2,65,000	₹2,65,000	₹0

Silver rates are unchanged in India. 1 Kg silver is priced at Rs 2.65 lakh, while 100 grams and 10 grams silver rates stood at Rs 26,500 and Rs 2,650. Also, 8 grams silver is at Rs 2,120 and 1 gram silver is at Rs 265.

Jun 16, 2026, 3:49 pm IST

Live Gold Rates Today: 18 Carat Gold Prices In India Declined By Rs 1,200

Gram	Price	Change
1 Gram	₹11,353	🔻 ₹12
8 Grams	₹90,824	🔻 ₹96
10 Grams	₹1,13,530	🔻 ₹120
100 Grams	₹11,35,300	🔻 ₹1,200

18 carat gold rate plummeted by Rs 1,200 to Rs 11,35,300 per 100 grams, dropped by Rs 120 to Rs 1,13,530 per 10 grams, slipped by Rs 96 to Rs 90,824 and is down by Rs 12 to Rs 11,353 per 1 gram.

Jun 16, 2026, 3:48 pm IST

Live Gold Rates Today: 22 Carat Gold Prices In India Drop By Rs 1,500

Gram	Price	Change
1 Gram	₹13,875	🔻 ₹15
8 Grams	₹1,11,000	🔻 ₹120
10 Grams	₹1,38,750	🔻 ₹150
100 Grams	₹13,87,500	🔻 ₹1,500

22 carat gold tumbled by Rs 1,500 to Rs 13,87,500 per 100 grams, plunged by Rs 150 to Rs 1,38,750 per 10 grams, dived by Rs 120 to Rs 1.11 lakh per 8 grams and is lower by Rs 15 to Rs 13,875 per 1 gram.

Jun 16, 2026, 3:47 pm IST

Live Gold Rates Today: 24 Carat Gold Prices In India Fall By Rs 1,600

Gram	Price	Change
1 Gram	₹15,137	🔻 ₹16
8 Grams	₹1,21,096	🔻 ₹128
10 Grams	₹1,51,370	🔻 ₹160
100 Grams	₹15,13,700	🔻 ₹1,600

24 carat gold price declined by Rs 1,600 to Rs 15,13,700 per 100 grams, dipped by Rs 160 to Rs 1,51,370 per 10 grams, slipped by Rs 128 to Rs 1,21,096 per 8 grams and is down by Rs 16 to Rs 15,137 per 1 gram.

Jun 16, 2026, 2:14 pm IST

Live Oil Prices Today: Brent Crude Falls 2.5%

Brent Crude slipped by at least 2.5% to trade around .2 per barrel due to peace agreement between US and Iran which is expected to be signed on June 19 in Switzerland. However, as per Trading Economics, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving markets cautious and prompting shipping companies to delay sending vessels through the route until greater clarity emerges. Oil markets have been heavily disrupted since the conflict began in late February, with the near-closure of the Strait of Hormuz affecting roughly one-fifth of global crude shipments.

Jun 16, 2026, 2:12 pm IST

Live Oil Prices Today: US WTI Crude Oil Futures Fall 3%

US WTI Crude Oil futures declined by nearly 3% to trade below per barrel. Accordingly, US WTI extended its losses from yesterday's session. As per Trading Economics, investors awaited further details of the reported US-Iran peace agreement that could reopen the Strait of Hormuz. The interim accord is expected to be signed in Switzerland on Friday, with President Donald Trump saying the free flow of oil from the Persian Gulf would resume once the deal takes effect. However, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving markets cautious and prompting shipping companies to delay sending vessels through the route until greater clarity emerges.

Jun 16, 2026, 9:40 am IST

Attention now also shifts to the upcoming FOMC policy meeting, where inflation projections and policy commentary will be closely watched. Despite the improving backdrop, gold continues to find support as investors await final confirmation of the deal. As long as negotiations remain on track and do not break down, the outlook for bullion remains constructive. Technically, gold is expected to trade within a range of ₹151500–₹155500 in the coming sessions, with sentiment remaining positive while diplomatic progress continues: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Jun 16, 2026, 9:38 am IST

Live Gold Silver Rates Today: Why Precious Metals Are Cautiously Optimistic?

Yesterday, gold and silver prices zoomed by 2-4%. As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, gold traded with a positive bias as market participants welcomed improving sentiment following progress on the US-Iran peace negotiations and confirmation of the reopening of the Strait of Hormuz. The easing of supply disruption concerns has reduced pressure on energy markets and improved overall risk sentiment, while also lowering concerns over future inflation spikes driven by crude oil. If the proposed June 19 agreement marks a formal resolution of the geopolitical tensions between the US and Iran, inflation expectations could soften further, supporting broader market stability.

Jun 16, 2026, 9:37 am IST

Live Silver Rates Today: MCX Drops Sharply

Unlike gold, MCX silver price dropped by Rs 1,025 to trade at Rs 2,50,433 per 1Kg, which is near its intraday low of Rs 2,50,001 per 1Kg. MCX silver followed the bearish trend in spot silver.

Jun 16, 2026, 9:35 am IST

Live Gold Rates Today: MCX Gold Rises Marginally

MCX gold price traded mildly higher by Rs 128 to Rs 1,53,044 per 10 grams. Gold has corrected from its intraday high of around Rs 1,53,161. This is due to cautious tone in bullion globally.

Jun 16, 2026, 8:44 am IST

Live Silver Rates Today: Spot Silver Falls 1%

Spot silver declined by nearly 1% to struggle around .50 per ounce, after surging by 3% yesterday. Notably, as per Trading Economics, expectations that a US-Iran peace agreement would reopen the Strait of Hormuz eased fears of an energy-driven inflation shock that had fueled interest rate hike expectations. The interim accord is expected to be signed by both sides in Switzerland on Friday, with President Donald Trump saying the free flow of oil from the Persian Gulf would resume once the deal takes effect. However, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving investors cautious.

Jun 16, 2026, 8:43 am IST

Live Gold Rates Today: Spot Gold Rises Marginally

Spot gold surged marginally by 0.24% to trade around ,320 per ounce. As per the Trading Economics data, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving investors cautious. Markets also looked ahead to a series of central bank policy decisions this week, with the Federal Reserve set to hold its first meeting under new chair Kevin Warsh and widely expected to leave interest rates unchanged.