Gold & Silver Rates Today (16/06/2026) LIVE: MCX Gold Cautiously Up, Silver Price Falls Rs 1,050 On Mixed Cues

Gold rates and silver rates in India faced volatility on June 16, 2026, as the global bullion market trades mixed. MCX gold price traded marginally higher and held above Rs 1.53 lakh mark, while MCX silver dropped by Rs 1,050 to hit around Rs 2.50 lakh. Spot gold is mildly up to hold above $4,310 per ounce but spot silver dropped by 1% to trade below $70 per ounce. Investors booked in gains after precious metals climbed by 2% to 4% yesterday.

However, the mixed trend is despite expectations of a US-Iran peace agreement, which could reopen the Strait of Hormuz, ease inflationary pressures, provide much-needed drive to tame the energy crisis and reduce the likelihood of rate hikes ahead.

Also, gold and silver prices are cautious ahead of FOMC meeting for June 2026 policy outcomes. US Federal Reserve under the new chair, Kevin Walsh, will commence the 2-day policy meeting from June 16th. The outcomes will be declared on June 17th.

The agreement is expected to be signed in Switzerland on June 19 and reportedly includes lifting blockades, easing sanctions on Iran, and dismantling Tehran's nuclear program. Investors are now turning their attention to the US Federal Reserve's first policy meeting under new chair Kevin Warsh, with markets widely expecting rates to remain unchanged. The Reserve Bank of Australia and the Bank of England are also seen holding policy steady this week, while the Bank of Japan is expected to raise interest rates to bolster its currency.

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Jun 16, 2026, 9:40 am IST

Attention now also shifts to the upcoming FOMC policy meeting, where inflation projections and policy commentary will be closely watched. Despite the improving backdrop, gold continues to find support as investors await final confirmation of the deal. As long as negotiations remain on track and do not break down, the outlook for bullion remains constructive. Technically, gold is expected to trade within a range of ₹151500–₹155500 in the coming sessions, with sentiment remaining positive while diplomatic progress continues: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Jun 16, 2026, 9:38 am IST

Live Gold Silver Rates Today: Why Precious Metals Are Cautiously Optimistic?

Yesterday, gold and silver prices zoomed by 2-4%. As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, gold traded with a positive bias as market participants welcomed improving sentiment following progress on the US-Iran peace negotiations and confirmation of the reopening of the Strait of Hormuz. The easing of supply disruption concerns has reduced pressure on energy markets and improved overall risk sentiment, while also lowering concerns over future inflation spikes driven by crude oil. If the proposed June 19 agreement marks a formal resolution of the geopolitical tensions between the US and Iran, inflation expectations could soften further, supporting broader market stability.

Jun 16, 2026, 9:37 am IST

Live Silver Rates Today: MCX Drops Sharply

Unlike gold, MCX silver price dropped by Rs 1,025 to trade at Rs 2,50,433 per 1Kg, which is near its intraday low of Rs 2,50,001 per 1Kg. MCX silver followed the bearish trend in spot silver.

Jun 16, 2026, 9:35 am IST

Live Gold Rates Today: MCX Gold Rises Marginally

MCX gold price traded mildly higher by Rs 128 to Rs 1,53,044 per 10 grams. Gold has corrected from its intraday high of around Rs 1,53,161. This is due to cautious tone in bullion globally.

Jun 16, 2026, 8:44 am IST

Live Silver Rates Today: Spot Silver Falls 1%

Spot silver declined by nearly 1% to struggle around .50 per ounce, after surging by 3% yesterday. Notably, as per Trading Economics, expectations that a US-Iran peace agreement would reopen the Strait of Hormuz eased fears of an energy-driven inflation shock that had fueled interest rate hike expectations. The interim accord is expected to be signed by both sides in Switzerland on Friday, with President Donald Trump saying the free flow of oil from the Persian Gulf would resume once the deal takes effect. However, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving investors cautious.

Jun 16, 2026, 8:43 am IST

Live Gold Rates Today: Spot Gold Rises Marginally

Spot gold surged marginally by 0.24% to trade around ,320 per ounce. As per the Trading Economics data, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving investors cautious. Markets also looked ahead to a series of central bank policy decisions this week, with the Federal Reserve set to hold its first meeting under new chair Kevin Warsh and widely expected to leave interest rates unchanged.