Gold Rate Today Drops Ahead of Fed Meeting on 17 June 2026, 24K Falls Rs 4300 per 100g in Delhi; Silver Steady

Gold prices in the Indian market extended their losing streak for a second consecutive day on Wednesday, June 17, 2026, with rates witnessing a sharp decline amid easing geopolitical tensions and changing global market sentiment. The price of 24 Karat (24K) gold fell by Rs 27 to Rs 15,125 per gram, while 22 Karat (22K) gold slipped by Rs 25 to Rs 13,865 per gram.

Gold, Silver Rates Today on 17 June 2026 Ahead of Fed Policy Meeting Today

"Bullion prices remained under pressure as investors awaited further details of the recently announced U.S.-Iran peace agreement, which reduced safe-haven demand. The prospect of reopening the Strait of Hormuz eased concerns over supply disruptions and an energy-driven inflation shock that had previously fueled expectations of higher interest rates, said Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.

Over the past two sessions, 24K gold prices have declined by Rs 43 per gram, translating into a steep drop of Rs 4,300 per 100 grams. In contrast, silver prices on 17 June 2026 remained unchanged, holding steady at Rs 265 per gram or Rs 2,65,000 per kilogram in the domestic market.

Globally, gold prices edged higher for a fifth straight session as optimism surrounding a potential U.S.-Iran peace agreement reduced expectations of aggressive U.S. interest rate hikes. Investors are also closely monitoring the outcome of the upcoming U.S. Federal Reserve policy meeting for fresh signals on the interest rate trajectory.

Gold Rate Today, 17 June 2026: Check Latest 22K, 24K & 18K Gold Prices in Delhi

24K Gold Rate Today in Delhi

The price of 24K gold, considered the purest form of the precious metal, stood at Rs 15,125 per gram in Delhi today, registering a decline of Rs 27 per gram compared to the previous session. For larger quantities, the price of 8 grams of 24K gold was Rs 1,21,000, down by Rs 216, while the rate for 10 grams slipped by Rs 270 to Rs 1,51,250.

The price of 100 grams of 24K gold also witnessed a significant drop of Rs 2,700, bringing the rate to Rs 15,12,500 on Wednesday.

22K Gold Rate Today in Delhi

The rate of 22K gold, declined by Rs 25 per gram to Rs 13,865 per gram in the national capital. The price of 8 grams of 22K gold was recorded at Rs 1,10,920, lower by Rs 200, while 10 grams of the yellow metal cost Rs 1,38,650 after a drop of Rs 250. On a bulk basis, 100 grams of 22K gold was priced at Rs 13,86,500, reflecting a fall of Rs 2,500 from the previous day.

18K Gold Rate Today in Delhi

The price of 18K gold also moved lower in line with the broader weakness in bullion prices. The metal was available at Rs 11,347 per gram, down Rs 21 per gram from the previous close.

The cost of 8 grams of 18K gold stood at Rs 90,776, marking a decline of Rs 168, whereas 10 grams was priced at Rs 1,13,470 after falling Rs 210. The rate for 100 grams of 18K gold dropped by Rs 2,100 to Rs 11,34,700.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gram on 17 June 2026

Silver prices in India remained unchanged today, maintaining their previous session's levels amid stable market conditions. The price of silver stood at Rs 265 per gram, witnessing no change compared to yesterday's rate.

For larger quantities, the price of 8 grams of silver remained steady at Rs 2,120, while 10 grams was priced at Rs 2,650, both unchanged from the previous trading session. Meanwhile, the rate for 100 grams of silver continued to hold firm at Rs 26,500, showing no movement.

On a bulk basis, 1 kilogram of silver was priced at Rs 2,65,000 in the Indian market, remaining flat compared with the previous day.

How Fed Rate Hike Decision Impacts Gold

According to the CME FedWatch Tool, traders currently see a 59% probability of a U.S. rate hike in December, lower than nearly 70% seen before the announcement of the U.S.-Iran peace agreement. Gold typically becomes less attractive in a high-interest-rate environment as the precious metal does not offer any fixed yield or interest income.

"The CME FedWatch Tool shows the probability of a December Fed rate hike eased to 57% from 70%. Technically, gold holds above $4,300 with resistance at $4,500-$4,550 and support at $4,060. Silver trades above $70, targeting $72-$75, with critical support at $60-$61," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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