Huge Fall In Gold Rate Today in India, June 30: Prices Decline Over 5% In A Week; Check 24k,22k,18k Rates

Gold prices in India fell for the second day in a row on Tuesday, with 24-carat gold becoming cheaper by nearly Rs. 38,200 per 100 grams.
Gold prices have remained under pressure over the last seven days, with the yellow metal falling by more than 5%.

The correction in gold rates today is expected to provide major relief to jewellery buyers and investors in India who had been holding back on purchases due to high prices.

In the international market, spot gold fell below $4000 after hitting a four-month low. Spot Gold prices have fallen more than 12% in June 2026 as the rising US dollar is putting pressure on the bullion.

Gold Rate in India Today

On Tuesday, 24-carat gold rates in India slipped by Rs. 1800 per 10 grams to cost Rs. 1,40,130. While the 22-carat gold price stood at Rs.1,28,450 per 10 grams after a massive decline of Rs. 1650. The cheaper variant, 18-carat gold, dropped by Rs. 1350 to retail at Rs. 1,05,100 per 10 grams.

The bigger weight variant of gold also saw the same drop: 100 grams of 24-carat gold now retails at Rs 14,01,300, and the 22-carat gold rates per 100 grams now cost Rs 12,84,500.

Silver prices in India today

Silver rates in India also fell today after a period of stability. On 30th June, 1 kg of silver in India cost Rs. 2,35,000 per kg after a drop of Rs. 5000. While 100g of silver in India retails at Rs. 23,500, which fell by 500

Gold Price Outlook Ahead

"Gold extended its losing streak to four consecutive weeks, retreating nearly 30% from its January 2026 all-time high of $5,597 as hawkish Fed Chair Kevin Warsh reinforced commitment to price stability amid PCE inflation accelerating to 4.1% year-on-year. Markets now price three rate hikes for 2026, with September probability at 62%. US-Iran military exchanges in the Gulf briefly stoked safe-haven demand, but rising crude above $70 amplified inflation fears. Silver shed nearly 10% to $55.7 on COMEX. Key support for Gold rests at $3,950-$4,000." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

MCX Gold and Silver Prices

Gold futures prices on the Multi Commodity Exchange are trading with losses. At the time of writing, gold futures maturing on August 5th were trading at Rs. 1,41,264 declining by 0.80%. However, silver futures prices set to mature on July 3rd, are trading 0.28% higher at Rs.2,20,015.

Spot Gold Price and Spot Silver Rate

According to the Spot Gold.org website, spot gold prices were trading 0.97% lower at $3984.82 per ounce. Spot silver prices also slipped by 1.24% to trade at $57.45 per ounce.

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