Gold Rate in India Nosedives Rs.20,700/100g in Just 24 Hours; Check 24K, 22K Gold & Silver Prices on June 23

In the Final week of June, gold rates in India have been quite volatile, with major ups and downs over the last 10 days. Today's drop in gold prices brings joy to gold enthusiasts and buyers. The 22-carat gold rate today fell by approximately Rs. 19,000 per 100 grams, which is the first major drop this week, post a sharp jump seen yesterday.

Gold in the international bullion market fell below $4150 per ounce, giving up all gains from the previous session. According to Trading Economics, "firm expectations for Federal Reserve interest rate hikes outweighed optimism surrounding ongoing US-Iran peace negotiations."
With gold prices falling in India, many people are likely to buy more gold jewellery and coins. The lower gold rate today could encourage more people to shop for gold, increasing the overall demand in the country.

Gold Rate in India Today

As of today, June 23, the 22-carat gold rate in India declined by Rs. 1900 per 10 grams to cost Rs.1,33,750 per 10 grams. While the 24-carat gold prices today fell by Rs. 2070 and are currently retailing at Rs.1,45,910 per 10 grams. Similarly, the 18-carat gold rate today also declined by Rs 1550 per 10 grams to cost Rs. 1,09,440.

In a similar manner, 100 grams of 22-carat gold stand at Rs 13,37,500 after dropping Rs. 19,000. While the 24-carat gold price in India per 100 grams is now retailing at Rs 14,59,100, which dropped by Rs. 20,700.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on August 5th 2026, saw a massive drop and are currently trading at Rs. 1,46,520 per 10 grams after slipping 1.08%. Similarly, silver futures, which are set to expire on July 3rd, declined today by 2.70% to trade at Rs. 2,27,980 per kg at the time of writing.

"MCX Gold Aug is expected to slip further towards Rs. 146,500- Rs. 146,000 level as long as it stays below Rs. 149,000 level. MCX Silver July is expected to dip towards Rs. 228,000-Rs.225,000 level as long as it stays below Rs. 238,000 level" as per ICICI Commodity Report.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored this humongous drop in the gold rates today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on June 23, 2026

In Chennai, the 24-carat gold rate stands at Rs.1,47,930 per 10 grams, while the 22-carat gold price in Chennai is Rs.1,35,600 per 10 grams.
In Bangalore, the gold rate for 24-carat is Rs.1,45,910 per 10 grams, and the 22-carat gold rate in Bangalore is Rs.1,33,750 per 10 grams.
In Hyderabad, the 24K gold price is Rs.1,45,910 per 10 grams, and the 22K gold rate in Hyderabad is Rs.1,33,750 per 10 grams.
In Mumbai, the 22-carat gold rate is Rs.1,45,910 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs.1,33,750 per 10 grams.

Silver Rate in India Today

Silver prices in India today also fell sharply on June 23, as 1 kg of silver in India now costs Rs. 2,45,000, which dropped by Rs. 5000. While 100 g of silver rates in India cost Rs 24,500 after falling Rs 500.

Spot Gold Prices + Spot Silver Price Today

According to the latest report by Reuters, "Spot gold was down 1.1% at $4,142.61 per ounce, as of 0414 GMT. U.S. ​gold futures for August delivery fell 1% to $4,160.20. Spot silver fell 3.3% to $63.05 per ounce."

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