Bangalore Gold Rates Drop By Rs 1,600 Today, Silver Rates Unchanged; 24K, 22K, 18K Gold Prices On 16.06.2026

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.

Gold Rates In Bangalore:

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.

Here, 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.

Furthermore, 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.

Silver Rates In Bangalore:

In this city, silver rates are unchanged. 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.

What Is Impacting Gold & Silver Rates Today?

Gold and silver rates witnessed profit booking after they rose by 2-4% yesterday due to peace agreement between US and Iran. The overall sentiment is cautiously optimistic in precious metals across the globe.

As per Kotak Neo's report, the proposed deal, which includes reopening the Strait of Hormuz, triggered a sharp decline in crude oil prices and reduced concerns over inflation-driven monetary tightening. Reflecting this shift, market expectations for a December U.S. rate hike fell to 53% from 69% a week ago. Additional support came from a weaker U.S. dollar, which slipped to a 10-day low, improving bullion's attractiveness for non-dollar buyers.

Analysts added that investors are now focused on the Federal Reserve's policy meeting under new Chair Kevin Warsh, where rates are widely expected to remain unchanged. Meanwhile, Singapore's move to establish a gold clearing and vaulting ecosystem highlights strengthening long-term institutional demand for precious metals. Fundamentally, lower oil prices, a softer dollar, and easing rate-hike expectations are supportive for bullion. However, any hawkish signals from the Federal Reserve could limit gains. The near-term bias remains constructive, with monetary policy expectations likely to remain the dominant driver of precious metals.

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