Gold Rates Today (30.06.2026) Crashed Harder By Rs 18,000 In Hyderabad Than Chennai; 24K, 22K, 18K Gold Prices

Gold rates in India dropped sharply on June 30, 2026, due to weak global cues. However, the decline varied from city to city. For instance, the 24 carat gold price plunged by a humongous Rs 18,000 in Hyderabad but was merely down by Rs 100 in Chennai in terms of 100 grams. Gold rates also vary between the two cities. The latest decline is attributed to easing geopolitical tensions, a stronger dollar and steep selloffs in the international bullion market.

At MCX, 10 grams gold price touched an intraday high and low of Rs 1,40,450 to Rs 1,42,740. While 1Kg silver price is around Rs 2,17,333 to Rs 2,27,980. The trajectory is cautiously bearish to volatile in precious metals.

In the global market, spot gold dropped below $4,000 per ounce and touched its lowest level in 8 months. While spot silver plunged below $58 per ounce and hit 7-month low. On the contrary, US dollar climbed to above 101.2 and crude oil prices traded between 70-74 per barrel.

As per Trading Economics, markets continue to price in three Federal Reserve rate hikes this year, with the first move potentially coming in September. Investors are now awaiting the latest US monthly employment report for fresh clues on the policy outlook. Meanwhile, US and Iran are scheduled to resume peace talks in Doha, Qatar later today, although prospects for a lasting ceasefire remain unclear. A major sticking point remains after Tehran reiterated its plan to oversee traffic through the Strait of Hormuz even if Oman decides not to take part.

All these factors have played a role in dragging gold rates in India. Hence, prices in cities were impacted too.

Gold Rates In Hyderabad:

24 carat gold price nosedived by Rs 18,000 to Rs 14,01,300 per 100 grams, plunged by Rs 1,800 to Rs 1,40,130 per 10 grams, while 8 grams gold dropped by Rs 1,440 to Rs 1,12,104 and 1 gram gold is lower by Rs 180 to Rs 14,013.

Here, 22 carat gold price tumbled by Rs 16,500 to Rs 12,84,500 per 100 grams, dipped by Rs 1,650 to Rs 1,28,450 per 10 grams, slipped by Rs 1,320 to Rs 1,02,760 per 8 grams and is down by Rs 165 to Rs 12,845 per 1 gram.

Additionally, 18 carat gold price crashed by Rs 13,500 to Rs 10,51,000 per 100 grams, collapsed by Rs 1,350 to Rs 1,05,100 per 10 grams, declined by Rs 1,080 to Rs 84,080 per 8 grams and is down by Rs 135 to Rs 10,510 per 1 gram.

Gold Rates In Chennai:

In Chennai, 24 carat, 22 carat and 18 carat gold prices inched lower by Rs 100 to Re 1 across various grams.

The latest 24 carat gold is priced at Rs 14,50,800 per 100 grams, at Rs 1,45,080 per 10 grams, at Rs 1,16,064 per 8 grams and at Rs 14,508 per 1 gram.

In case of 22 carat, gold is available at Rs 13,29,900 per 100 grams, at Rs 1,32,990 per 10 grams, at Rs 1,06,392 per 8 grams and at Rs 13,299 per 1 gram.

Lastly, 18 carat gold is priced at Rs 11,12,400 per 100 grams, at Rs 1,11,240 per 10 grams, at Rs 88,992 per 8 grams and at Rs 11,124 per 1 gram.

As per Gaurav Garg, research analyst at Lemonn markets desk, the drop in precious metals comes as investors reassess the outlook for U.S. interest rates amid ongoing volatility in inflation and oil prices. Meanwhile, crude oil prices fell to $70.23 per barrel (about ₹6,642 per barrel), a decline attributed to recent geopolitical developments, particularly an agreement between the U.S. and Iran to halt hostilities in the Middle East, which had previously boosted prices.

Looking ahead, he added, the market remains cautious as gold is set for its fourth consecutive monthly decline, with traders closely monitoring macroeconomic indicators.

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