Gold & Silver Rates (24-06-2026) LIVE: MCX Gold Crashes Rs 1,900 As Spot Gold Hits 7-Mnth Low, Silver Recovers

Gold rates and silver rates in India continued to crash sharply on June 24, 2026. In the early trading hours of Wednesday, MCX gold crashed nearly 2.5% to trade below Rs 1.44 lakh and MCX silver price nosedived by nearly 2% to trade below Rs 2.23 lakh per 1Kg. Both the precious metals have touched an intraday low of Rs 1,44,114 per 10 grams and Rs 2,21,658 per 1Kg respectively.

The Indian gold rates continued to fall due to extreme bearish tone in global bullion market. Spot gold has plunged below $4,100 and spot silver has dropped below $62 per ounce. Both are down by 1% to 2%.

This is after expectations of higher rates and hawkish US Fed policy which outweighed support from the interim US-Iran peace agreement.

At its latest policy meeting, Fed officials left interest rates unchanged but indicated increasing support for future rate hikes, while new Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability. Meanwhile, progress in negotiations between Washington and Tehran encouraged a rise in traffic through the Strait of Hormuz, easing pressure on global energy supplies and reducing inflation risks. Gold also faced additional selling pressure as a sharp decline in US technology stocks prompted investors to trim bullion positions to offset losses elsewhere in their portfolios, as per Trading Economics.

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Jun 24, 2026, 11:09 am IST

Live Silver Rates Today: MCX Silver Recovers Some Losses

After falling by nearly Rs 3,500 in the early trade, MCX silver has recovered some losses. At the time of writing, MCX silver traded at Rs 2,24,741 per 1Kg, which was down by 0.5%. MCX silver has touched an intraday low of Rs 2,21,658 in the opening bell.

Jun 24, 2026, 11:07 am IST

Live Oil Prices Today: US WTI Crude Oil Falls By 1%

US WTI Crude Oil dropped by nearly 1% to trade around .5 per barrel. This is due to advancing US-Iran peace agreement, growing transit through Strait Of Hormuz and likelihood of complete peace in Middle East conflict. As per Trading Economics, The International Maritime Organization said it had received security assurances that could enable hundreds of vessels to leave the Persian Gulf via Hormuz, as efforts continue to evacuate thousands of seafarers. The IEA also reported that UAE oil exports in early June rebounded to nearly 85% of pre-conflict levels, supported by the use of pipelines, storage facilities, and alternative shipping routes.

Jun 24, 2026, 11:05 am IST

Live Gold Rates Today: MCX Gold Price Crashes By Rs 1,900

MCX gold price traded at Rs 1,44,667 per 10 grams, registering a sharp decline of Rs 1,862 or 1.3%. The bullion is near its intraday lo wof Rs 1,44,114 per 10 grams.

Jun 24, 2026, 10:14 am IST

Live Silver Rates Today: Spot Silver Drops 1%

Spot silver slipped by nearly 1% to struggle around per ounce on expectations of tighter Fed policy. Unlike gold, silver is at 6-months low.

Jun 24, 2026, 10:13 am IST

Live Gold Rates Today: Spot Gold Crashes Below ,100

Spot gold price has dropped by nearly 1.12% to trade below ,070 per ounce, eventually erasing its ,100 mark and trading at seven-months low. As per Trading Economics, At its latest policy meeting, Fed officials left interest rates unchanged but indicated increasing support for future rate hikes, while new Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability. Meanwhile, progress in negotiations between Washington and Tehran encouraged a rise in traffic through the Strait of Hormuz, easing pressure on global energy supplies and reducing inflation risks. Gold also faced additional selling pressure as a sharp decline in US technology stocks prompted investors to trim bullion positions to offset losses elsewhere in their portfolios.

Jun 24, 2026, 10:12 am IST

Live Gold Silver Rates Today: Why Precious Metals Are Crashing?

Gold traded weak as the stronger Dollar Index above 1 continued to pressure bullion prices. Markets are also pricing in the possibility of future rate hikes, while uncertainty surrounding the US-Iran negotiations has kept sentiment cautious. Focus now shifts to next week's US Non-Farm Payrolls and unemployment data, which could provide fresh direction for gold and the dollar. Gold is expected to trade in the ₹144500–₹148500 range in the near term: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.