Gold Rates & Silver Rates Today (18/06/2026) LIVE: MCX Gold Crashes Rs 1,800, MCX Silver Nosedives Rs 6,000

Gold rates and silver rates in India dropped sharply on June 17, 2026, after US Federal Reserve signaled rate hikes later in 2026, while keeping policy rates steady at 3.50% to 3.75% for June 2026. MCX Gold has crashed by nearly Rs 1,800 to struggle around Rs 1,52,100 and MCX silver nosedived by Rs 6,000 to hold around Rs 2,45,500 levels.

MCX gold and silver prices crashed despite strong buying in international bullion market. Spot gold and spot silver are currently higher by 1.2% and 1.4% to trade around $4,310 per ounce and $69 per ounce. This is because spot gold and spot silver fell from their pivotal marks of $4,350 and $70 yesterday before recovering losses.

On the other hand, crude oil prices continued to under pressure. US WTI Crude Oil futures declined by nearly 3% to trade around $75 per barrel and Brent Crude slipped by 2% to trade around $78 per barrel.

Both precious metals in India could not gain due to US dollar which is holding above $100 mark after Fed signaled rate hikes in the upcoming policy.

Majority of FOMC members are predicting at least 1 rate hike in next half of 2026. Also, US Fed sharply hiked its inflation forecast amidst economical strains owing to Middle East conflict. Also, US Fed chair Kevin Warsh did not offer any guidelines for next policy move.

FOMC decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.

Lastly, FOMC pointed out that inflation remains elevated relative to the committee's target of 2%, "in part reflecting supply shocks that have driven price increases in certain sectors, including energy."

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Jun 18, 2026, 11:31 am IST

Live Gold Silver Rates Today: Has US-Iran Signed Peace Agreement?

A US official confirmed that the memorandum of understanding has taken effect, although it remains uncertain whether Iran has already started measures to fully reopen the Strait of Hormuz. According to reports, the deal includes the swift reopening of the key shipping route and the removal of sanctions on Iranian oil exports, while negotiations on nuclear matters and possible additional economic incentives for Iran are expected to continue, as per Trading Economics.

Jun 18, 2026, 11:31 am IST

Live Crude Oil Prices Today: Brent Crude Drops 2.5%

Brent Crude plunged by nearly 2.5% to trade below per barrel. This is also Brent's lowest level since March 2026.

Jun 18, 2026, 11:31 am IST

Live Crude Oil Prices Today: US WTI Oil Falls

US WTI Crude Oil futures declined by nearly 3% to trade below per barrel. This is the lowest level since March 2026, as reports stated that US and Iran digitally signed the peace agreement ahead of their visit in Geneva, Switzerland.

Jun 18, 2026, 10:36 am IST

Live Silver Rates Today: Spot Silver Surges 2% But Below

Spot silver soared by 2% to trade around . Yesterday, spot silver crashed by 3% and erased its pivotal level above per ounce. The latest gains as per Trading Economics is after President Donald Trump signed an interim agreement to end the conflict with Iran and reopen the Strait of Hormuz. Reports indicated that the deal includes the swift reopening of the strait and the removal of sanctions on Iranian oil exports, while negotiations on nuclear issues and potential additional economic incentives for Iran are set to continue.

Jun 18, 2026, 10:35 am IST

Live Gold Rates Today: Spot Gold Recovers Losses But Still Below ,320

Spot gold price recovered heavy losses to trade higher by 1.4% to ,316 per ounce. However, spot gold has pushed back from its ,350 levels yesterday. As per Trading Economics, gold tumbled nearly 2% on Wednesday after the US Federal Reserve signaled increasing support for interest rate hikes this year. Fed Chair Kevin Warsh refrained from providing guidance on the next policy move but stressed that inflation has remained above the central bank’s 2% target for several years and reiterated the Fed’s commitment to restoring price stability.

Jun 18, 2026, 10:33 am IST

Live Silver Rates Today: MCX Silver Price Nosedives

MCX silver underperformed gold by crashing at least Rs 6,300 to hit an intraday low of Rs 2,45,500 per 1Kg. Currently, silver is down by 2.3% after spot silver erased its pivotal level of mark.

Jun 18, 2026, 10:33 am IST

Live Gold Rates Today: MCX Gold Crashes Hard

MCX Gold Price crashed hard by nearly RS 1,829 to hit an intraday low of Rs 1,52,050 per 10 grams in the early trade. At the time of writing, MCX gold traded lower by 1.05%. This is due to strong dollar and Fed policy decisions.

Jun 18, 2026, 10:32 am IST

Live Gold Silver Rates Today: US Fed Signals Rate Hikes In 2026

The Federal Reserve left interest rates unchanged but signaled increasing support for rate hikes later this year. Half of FOMC members now project at least one rate increase in 2026, while the central bank sharply raised its inflation forecasts amid the economic impact of the conflict in the Middle East. Meanwhile, new Fed Chair Kevin Warsh declined to offer guidance on the next policy move but stressed that inflation has remained above the Fed’s 2% target for several years and reaffirmed the central bank’s commitment to restoring price stability, as per Trading Economics.

Jun 18, 2026, 10:32 am IST

Live Gold Silver Rates Today: US Fed Keeps Rates Unchanged

FOMC decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.