Gold Price In Chennai & Hyderabad On June 15: 24K/100g Spikes Rs 24,400; 1 Kg Silver Price Rally Rs 10000

On June 15, gold prices skyrocketed across Chennai, Hyderabad and the rest of India as both global & domestic bullion markets rose sharply on Monday.

Spot gold prices surged above $4,300 per ounce due to the US-Iran peace deal update and the anticipation of the Fed's stance on a rate cut in the upcoming FOMC Meeting.

After a sharp correction last week, the gold rate in India is now showing signs of consolidation. The fall in gold prices encouraged consumers to return to jewellery stores, leading to a pick-up in demand. The fresh buying interest has provided support to gold prices, helping the precious metal recover some of its recent losses.

Gold Rate In Chennai Today

The 24-carat gold rate in Chennai jumped by Rs.2 290 per 10 grams to cost Rs.1,53,490 per 10 grams, while the 22-carat gold rate in Chennai jumped by Rs. 2,100 and now retails at Rs.1,40,700 per 10 grams.

Gold Prices in Hyderabad Today

Similarly, gold prices in Hyderabad also saw a sharp spike across all purity categories. The price of 22-carat gold surged by Rs.2250 , taking the rate to Rs.1,1,38,900 per 10 grams. Meanwhile, 24-carat gold prices climbed by Rs.2450 and are now retailing at Rs.1,51,530 per 10 grams. Alongside this, 18-carat gold rates in Hyderabad also rose significantly by Rs.1840, with the yellow metal now priced at Rs.1,13,650 per 10 grams.

Silver Rate Today In Chennai & Hyderabad

White metal rate in Chennai & Hyderabad rose by Rs. 10,000 per Kg to retail at Rs. 2,80,000. While the silver rate per 100g costs Rs. 28,000 in both the cities.

MCX Gold & Silver Futures

On the MCX, Gold and silver futures opened positively on Monday's trading session. At the time of writing, the August 5, 2026 gold futures contract was trading at Rs. 1,52,770 per 10 grams, up Rs. 2,222 or 1.48%. Meanwhile, the July 2026 silver futures contract surged Rs. 5,614, or 2.28%, to Rs. 2,51,800 per kg.

Where is Gold Headed Next Target & Outlook

"Gold and silver prices surged today, with gold trading at approximately Rs. 1,32,245 per 10 grams and $4,350.60 per ounce, while silver reached Rs. 2,14,268 per kg and $70.49 per ounce. This rally can be attributed to a weakening dollar following the announcement of a peace deal between the US and Iran, which has boosted investor sentiment towards precious metals as safe-haven assets. Meanwhile, crude oil prices dropped significantly, with WTI crude at $80.81 per barrel, translating to around ₹7,640, reflecting concerns over potential oversupply amid geopolitical tensions," said Gaurav Garg, research analyst at Lemonn markets desk.

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade higher for the day, as gold and silver prices rose after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes," as per a Nirmal Bang Report.

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