Gold Rate Today in India Slips After Rs 24,500/24K Single-Day Jump Ahead of Fed Policy Meeting on 16 June 2026

Gold prices in India edged lower on Tuesday after witnessing a massive Rs 24,500 surge in the previous session following the U.S.-Iran peace agreement. 24 Karat (24K) gold slipped by Rs 16 to Rs 15,137 per gram, while 22 Karat (22K) gold dropped by Rs 15 to Rs 13,875 per gram ahead of the U.S. Federal Reserve's June 16-17 policy meeting under Chair Kevin Warsh, which investors are closely watching for cues on interest rates and future monetary policy.

Gold-Silver Rates Today: Gold Slips After Rs 24,500 Single-Day Jump; Silver Steady Ahead of Kevin Warsh's First Fed Meeting

Meanwhile, silver prices remained steady at Rs 265 per gram or Rs 2,65,000 per kilogram after surging Rs 5,000 in the previous session. Adding to the bearish sentiment, UBS Group has cut its near-term outlook for gold, expecting prices to decline by another $300-$900 per ounce due to stronger U.S. economic data and a delayed Federal Reserve easing cycle, although the Swiss bank remains optimistic about the metal's long-term prospects.

Gold Rate Today in India: Check Latest 22K, 24K & 18K Gold Prices on 16 June 2026

24 Karat (24K) Gold Rate Today, June 16, 2026

On June 16, 2026, the price of 24 Karat gold in India declined by Rs 16 to Rs 15,137 per gram. The rate for 8 grams of 24K gold stood at Rs 1,21,096 after a fall of Rs 128, while 10 grams were priced at Rs 1,51,370, down Rs 160. For bulk purchases, the price of 100 grams of 24K gold came to Rs 15,13,700, marking a decline of Rs 1,600 compared with the previous trading session.

22 Karat (22K) Gold Rate Today in India, June 16, 2026

The price of 22 Karat gold in India also witnessed a marginal decline on June 16, 2026. The yellow metal was priced at Rs 13,875 per gram, down Rs 15 from the previous day. The cost of 8 grams of 22K gold was Rs 1,11,000 after a decline of Rs 120, while 10 grams were available at Rs 1,38,750, lower by Rs 150. The price of 100 grams of 22K gold stood at Rs 13,87,500, registering a fall of Rs 1,500.

18 Karat (18K) Gold Rate Today, June 16, 2026

The price of 18 Karat gold in India eased on June 16, 2026, with the rate falling by Rs 12 to Rs 11,353 per gram. For 8 grams, 18K gold was priced at Rs 90,824, down Rs 96, while 10 grams cost Rs 1,13,530 after a decline of Rs 120. The price of 100 grams of 18K gold stood at Rs 11,35,300, recording a decrease of Rs 1,200 from the previous session.

Silver Rate Today, 16 June 2026: Check Latest Silver Prices Per Kg and Gram in India

The price of silver in India remained unchanged on June 16, 2026, with the precious metal trading at Rs 265 per gram, the same as the previous trading session. The rate of 8 grams of silver stood steady at Rs 2,120, while 10 grams were priced at Rs 2,650 without any change from yesterday.

100 grams of silver was available at Rs 26,500, unchanged compared with the previous day's price. Meanwhile, the price of 1 kilogram (1,000 grams) of silver remained stable at Rs 2,65,000, showing no increase or decline on a day-on-day basis.

Gold Price Forecast Amid Fed Monetary Policy Decision

"Meanwhile, the ECB hiked rates for the first time since 2023, and US producer prices rose 6.5% year-on-year in May, reinforcing Fed rate-hike expectations. Technically, gold's oversold bounce from $4,000-4,100 support targets $4,300-4,330 (~Rs 155,000); silver's rebound from $61 targets $70-71 (~Rs 255,000)," said Mr. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of IBJA.

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