Gold Rate Today in India, June 29: Prices Slip at the Start of the Week; Check New 24K, 22K & 18K Gold Rates

Gold buyers have reason to cheer as gold prices in India started the new week lower. The 24-carat gold rate dropped by Rs 9,300 per 100 grams on Monday, providing some relief to those planning to purchase jewellery or invest in the precious metal.

In the last 10 days, the gold rate in India has fallen by 5.5% and is down 205 from its all-time high, reached in January 2026. However, gold prices have been falling despite the massive demand during the festive season.

This recent fall in gold prices is being influenced by global factors like the rebound of the US dollar index. Additionally, ongoing US-Iran tensions and uncertainty around interest rate decisions by the US Federal Reserve have further impacted the safe-haven demand for gold. Spot gold also fell about 0.7% this morning.

Gold Prices in India Drop Sharply, June 29

On 29 June, both pure and standard gold prices dropped. As of today, the 22-carat gold rate in India slipped by Rs. 850 per 10 grams to cost Rs. 131,100. While the 24-carat gold prices are off-peak at Rs. 114,302, slipping Rs. 930. Similarly, the 18-carat gold rate also dropped Rs. 690 to retail at Rs. 107,270.

In a similar line, the 100 grams of 22-carat gold plunged Rs. 8,500 to stand at Rs. 1,311,000. While the 24-carat gold prices in India per 100 grams decreased to Rs. 9,300, which is now retailing at Rs. 1,430,200.

Gold Price Target

According to a report by Nirmal Bang Securities, "Gold prices are expected to rise. One can buy at Rs. 143000 with a stop loss of Rs. 142000 for the target at Rs. 144500-Rs. 146000."

Silver Rates in India Today

Silver prices in India on Monday observed no major movement and maintained stability. On 29th June, 1 kg of silver in India cost Rs. 240,000. While 100g of silver rates at Rs. 100 in India, it retails for Rs. 24,000.

MCX Gold Price and Silver Price

Gold prices on the MCX are trading in the Red Zone today. At the time of writing, gold futures prices due to mature on August 5th, 2026 were trading 0.66% higher at Rs 1,43,210 per 10 grams. Silver futures, which are also maturing on July 3rd, 2026, rose today, currently trading 0.81% up at Rs. 2,19,602 per Kg.

Spot Gold Prices Today

"Spot Gold prices ended the day on a positive note gaining more than 1.4%, while silver prices bounced back from their 6-month lows amid a correction in the US dollar index and a fall in US treasury yields. Despite the rebound, gold remained down by nearly 3 % last week, as hawkish tone from the US Federal Reserve members continued to support the US dollar."as per ICICI Commodity Outlook.

"Spot Gold is likely to face strong resistance near $4100 and move towards $4000 level amid strong dollar and hawkish comments from US Fed members," the report further added.

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