Gold Rates In Chennai Today (16-06-2026) Slips Rs 1,100, Silver Price Crashes Rs 5,000; 24K, 22K, 18K Gold

Gold rates in Chennai plunged by as much as Rs 1,100 on June 16, 2026; however, this was at a slower pace compared to gold prices in other cities, which declined by Rs 1,600 per 100 grams of 24 carat. However, silver prices in Chennai took the biggest hit, with the 1 kg silver rate crashing by Rs 5,000. Overall, gold prices in India and the international market are trading with a cautious tone, while silver rates are down globally. Investors await the upcoming US Federal Reserve policy outcomes on Wednesday.

Gold Rates In Chennai:

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.

Here, 8 grams gold is down by Rs 88 to Rs 1,22,704 in 24 carat, lower by Rs 80 each in 22 carat and 18 carat to Rs 1,12,480 and Rs 94,320 respectively.

The price of 1 gram gold is down by Rs 10 to Rs 11 in Chennai. The rates are at Rs 15,338 in 24 carat, at Rs 14,060 in 22 carat and at Rs 11,790 in 18 carat.

Silver Rates In Chennai:

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.

What Is Impacting Gold & Silver Prices Today?

As per Kaynat Chainwala, AVP Commodity Research, Kotak Securities, markets turn cautious ahead of a packed macro calendar, with traders awaiting US Retail Sales, Initial Jobless Claims, the Fed's policy decision, and Fed Chair Warsh's accompanying remarks, his first major commentary since taking over the FOMC. Both metals have eased slightly from Monday's highs, when gold jumped to $4,369/oz and silver surged above $71/oz on a weaker dollar, falling global bond yields, and a near 5% plunge in crude oil following the US-Iran framework agreement, which eased inflation expectations and revived hopes of a less restrictive Fed stance.

The analyst added that traders have scaled back expectations for a U.S. rate hike in December to 57% after the peace deal from about 70% last week, according to the CME FedWatch tool. Also, stronger global equities and growing speculation around a Bank of Japan rate hike limited upside.

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