Gold Prices Fall for Third Straight Day; Check Latest 24K, 22K and 18K Rates Across Major Cities
Gold and Silver Extend Decline as Stronger Rupee and Positive Market Sentiment Weigh on Bullion Demand
Gold prices continued their downward trend on Thursday, June 18, marking the third consecutive day of declines in the domestic bullion market. Silver prices also slipped after remaining stable for two sessions, providing some relief to consumers planning jewelry purchases or investments in precious metals.
Market analysts attribute the weakness in bullion prices to a stronger Indian rupee, upbeat sentiment in equity markets, and expectations surrounding upcoming geopolitical developments that could influence global safe-haven demand.
Gold Extends Three-Day Losing Streak
The domestic gold market remained under pressure as investors shifted their focus toward equities and riskier assets.
Over the past three trading sessions, the price of 24-carat gold has declined by approximately ₹440 per 10 grams, while 22-carat gold has fallen by around ₹410 per 10 grams.
The latest decline follows a sharp correction witnessed earlier in the week when gold prices dropped significantly amid changing global market sentiment.
Analysts believe that expectations surrounding diplomatic developments between the United States and Iran are influencing demand for safe-haven assets such as gold and silver.
If geopolitical tensions continue to ease, precious metals may face additional pressure. Conversely, any deterioration in negotiations could revive investor interest in bullion.
Latest Gold Rates in Major Indian Cities
The following table shows the prices of 24K, 22K, and 18K gold per 10 grams across key Indian cities on June 18, 2026:
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,51,240 | ₹1,38,640 | ₹1,13,460 |
| Mumbai | ₹1,51,090 | ₹1,38,490 | ₹1,13,310 |
| Kolkata | ₹1,51,090 | ₹1,38,490 | ₹1,13,310 |
| Chennai | ₹1,53,050 | ₹1,40,290 | ₹1,17,490 |
| Bengaluru | ₹1,51,090 | ₹1,38,490 | ₹1,13,310 |
| Hyderabad | ₹1,51,090 | ₹1,38,490 | ₹1,13,310 |
| Lucknow | ₹1,51,240 | ₹1,38,640 | ₹1,13,460 |
| Patna | ₹1,51,140 | ₹1,38,540 | ₹1,13,360 |
| Jaipur | ₹1,51,240 | ₹1,38,640 | ₹1,13,460 |
| Ahmedabad | ₹1,51,140 | ₹1,38,540 | ₹1,13,360 |
Among the cities listed, Chennai continued to report the highest gold prices across all purity categories.
Silver Prices Also Move Lower
Silver prices softened after remaining unchanged for two consecutive sessions.
In Delhi, silver declined by ₹100 and was trading at approximately ₹2,64,900 per kilogram. Similar rates were reported in Mumbai and Kolkata.
However, Chennai remained one of the costliest markets for silver, with prices around ₹2,74,900 per kilogram.
Silver Prices in Major Cities
| City | Silver Price (Per Kg) |
|---|---|
| Delhi | ₹2,64,900 |
| Mumbai | ₹2,64,900 |
| Kolkata | ₹2,64,900 |
| Chennai | ₹2,74,900 |
Why Are Gold and Silver Prices Falling?
Several factors are currently influencing precious metal prices:
Stronger Indian Rupee
A stronger rupee reduces the cost of importing gold and silver, which can exert downward pressure on domestic prices.
Rising Interest in Equities
Indian stock markets have remained resilient, encouraging investors to allocate funds toward equities rather than safe-haven assets.
Geopolitical Developments
Investors are closely watching developments related to discussions between the United States and Iran. Progress toward diplomatic agreements may reduce demand for precious metals, while renewed tensions could boost safe-haven buying.
Global Monetary Policy Expectations
Market participants continue to assess signals from major central banks regarding future interest rate decisions. Higher rates typically reduce the attractiveness of non-yielding assets such as gold and silver.
What Could Happen Next?
Analysts expect bullion prices to remain sensitive to international developments over the coming weeks.
If geopolitical tensions ease further and equity markets remain strong, gold and silver may continue to face pressure. However, any increase in global uncertainty could quickly reverse the trend and drive investors back toward precious metals.
Many experts believe volatility is likely to remain elevated until there is greater clarity on global economic conditions and geopolitical risks.
Key Takeaway
Gold prices have now declined for three consecutive trading sessions, with 24K gold falling by around ₹440 per 10 grams over the period. Silver also weakened after two days of stability. While a stronger rupee and robust stock market performance have weighed on bullion demand, future price movements will largely depend on global economic developments, interest rate expectations, and geopolitical events. Buyers planning jewelry purchases may find the recent correction an opportunity, while investors continue to monitor international market signals for the next major trend.
