Gold Prices Fall Again: 22K and 24K Rates Slip Further Across Major Cities, Check Today's Latest Prices

Gold prices continued their downward trend on June 12, bringing some relief to buyers after weeks of record-high valuations. The yellow metal witnessed a second consecutive day of decline in several major Indian cities, with both 22-carat and 24-carat gold becoming cheaper in the domestic market.

In the national capital, the price of 24-carat gold dropped to ₹145,780 per 10 grams, while 22-carat gold was priced at ₹133,640 per 10 grams. The latest decline comes amid changing global market conditions, a stronger US dollar, and shifting expectations around interest rate cuts.

Why Are Gold Prices Falling?

Gold prices are influenced by a combination of domestic and international factors. Analysts point to several key reasons behind the recent correction:

• Stronger US dollar performance

• Rising bond yields in global markets

• Changes in expectations regarding interest rate cuts

• Ongoing concerns about inflation

• Profit booking after recent record highs

Internationally, spot gold was trading around $4,072.21 per ounce, reflecting pressure from global economic developments.

However, market experts believe volatility could continue. Geopolitical developments, particularly in the Middle East, remain a major factor influencing precious metal prices.

Geopolitical Developments May Impact Gold Again

Market sentiment received fresh support after comments from US President Donald Trump regarding tensions involving Iran.

According to recent statements, a proposed military strike against Iran was reportedly called off as diplomatic negotiations advanced. Reports suggest that discussions between the concerned parties have reached an advanced stage, raising hopes for a potential resolution to the conflict that has affected the region since February 2026.

Any major geopolitical development can quickly influence investor sentiment, potentially leading to renewed movement in gold prices.

Latest Gold Rates in Major Indian Cities

Gold prices vary slightly across cities due to local taxes, transportation costs, and market demand.

City-Wise Highlights

Delhi

Delhi recorded one of the higher gold prices among major cities. The rate for 24-carat gold stood at ₹145,780 per 10 grams, while 22-carat gold was available at ₹133,640.

Mumbai and Kolkata

Both cities reported similar rates, with 22-carat gold priced at ₹133,490 and 24-carat gold at ₹145,630 per 10 grams.

Chennai

Chennai continued to register among the highest gold prices in the country. The city saw 24-carat gold trading at ₹147,270 per 10 grams, while 22-carat gold was priced at ₹134,990.

Pune and Bengaluru

These cities also mirrored Mumbai's trend, with 24-carat gold priced at ₹145,630 and 22-carat gold at ₹133,490 per 10 grams.

Silver Prices Also Decline

The weakness was not limited to gold. Silver prices also moved lower in the domestic market.

As of June 12 morning trading, silver was priced at ₹249,900 per kilogram. In the international market, spot silver was trading around $63.18 per ounce.

Like gold, silver prices are affected by a mix of domestic demand, industrial consumption, currency movements, and global economic conditions.

Should Buyers Consider Purchasing Now?

With gold prices correcting for the second consecutive day, some buyers may view this as an opportunity to make purchases ahead of the wedding season or long-term investment plans.

However, experts advise monitoring international developments, central bank policies, and geopolitical events before making large investment decisions, as precious metals can remain volatile in the short term.

Final Thoughts

Gold and silver prices have softened across India, offering some relief to consumers after a prolonged rally. While global economic factors continue to pressure precious metals, ongoing geopolitical developments could influence prices in either direction over the coming days.

Investors and jewellery buyers should keep a close watch on market trends, as fluctuations in international prices and currency movements are likely to remain key drivers of precious metal rates in the near future.