Gold Rate Today: MCX Gold Hits Near ₹1.44 Lakh as Silver Crashes by ₹8,000 per kg Amid Stronger Dollar Across Delhi, Mumbai, Chennai, Hyderabad, Kerala & More | Check City-Wise Rates of 24K, 22K, 18K

121

Gold & Silver Rates Today: Gold and silver have become softer, but the fall has also generated new demand among consumers who want to convert their existing gold to money before prices continue to fall. India’s domestic benchmark for gold stands at ₹14,395 per gram of 24K gold, whereas silver stands at ₹240 per gram while bullion prices are currently being driven by a combination of the rise in global dollar, changes in expectations regarding the Fed and lower domestic premiums on account of its sharp rally over the last few months however, gold in India continues to be very high compared to what consumers consider comfortable.

LIVE Gold Price Today | Domestic Gold Prices (India) – 29 June 2026

• 24K gold is around ₹14,395 per gram in India today.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• For a 10 gram purchase, that works out to ₹1,43,950 for 24K, ₹1,31,950 for 22K and ₹1,07,960 for 18K.
• On a 100 gram basis, the same rates translate to ₹14,39,500 for 24K, ₹13,19,500 for 22K and ₹10,79,600 for 18K.

LIVE Gold Price Today | Tanishq, IBJA & Major Jewellers (29 June 2026)

Check City-Wise Gold Rate Today (per 10 grams)

Delhi Gold Rate Today

• 24K gold in Delhi is around ₹14,410 per gram.
• 22K gold is around ₹13,210 per gram.
• 18K gold is around ₹10,811 per gram.
• Delhi is trading slightly above the Mumbai benchmark today and showing a small local premium.

Mumbai Gold Rate Today

• 24K gold in Mumbai is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• Mumbai is aligned with the national reference rate, which makes it a useful benchmark city.

Chennai Gold Rate Today

• 24K gold in Chennai is around ₹14,586 per gram.
• 22K gold is around ₹13,370 per gram.
• 18K gold is around ₹11,145 per gram.
• Chennai continues to quote a premium versus most Indian metros today.

Bangalore Gold Rate Today

• 24K gold in Bangalore is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• Bangalore is trading at the national reference level for all three purities.

Hyderabad Gold Rate Today

• 24K gold in Hyderabad is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• The city’s pricing remains consistent with most major Indian centres.

Kolkata Gold Rate Today

• 24K gold in Kolkata is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• Kolkata is holding close to the all-India benchmark today.

Kerala Gold Rate Today

• 24K gold in Kerala is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• Kerala’s rates are steady and mirror the broader national trend.

Pune Gold Rate Today

• 24K gold in Pune is around ₹14,395 per gram.
• 22K gold is around ₹13,195 per gram.
• 18K gold is around ₹10,796 per gram.
• Pune remains in line with the standard domestic price structure.

Ahmedabad Gold Rate Today

• 24K gold in Ahmedabad is around ₹14,400 per gram.
• 22K gold is around ₹13,200 per gram.
• 18K gold is around ₹10,801 per gram.
• Ahmedabad carries a marginal premium over the national base rate.

Vadodara Gold Rate Today

• 24K gold in Vadodara is around ₹14,400 per gram.
• 22K gold is around ₹13,200 per gram.
• 18K gold is around ₹10,801 per gram.
• Like Ahmedabad, Vadodara is priced just above the core benchmark.

Jaipur Gold Rate Today

• Jaipur is broadly tracking the national rate band today.
• 24K is close to ₹14,395 per gram with local dealer differences possible.
• 22K is near ₹13,195 per gram.
• 18K stays close to ₹10,796 per gram.

Lucknow Gold Rate Today

• 22K gold in Lucknow is around ₹13,195 per gram.
• Recent local references also showed a 22K price near ₹13,115 per gram in another live feed, reflecting dealer variation.
• Buyers in Lucknow should compare purity, making charges and GST before purchase.

International Gold Rates Today

• International price benchmarks are lower than Indian retail equivalents since India takes into account duties and taxes.
• There is an active international benchmark included in the source list, which represents 24K equivalent prices in the UAE, Qatar, Saudi Arabia, Singapore and the US.
• The rupee-dollar change is one of the key drivers behind Indian retail pricing.
• The current weakness in the domestic market is still related to better conditions in the dollar world.

Major Indian Gold City Rates: 24K, 22K & 18K

Major Countries Gold Rates Today: 24K, 22K & 18K

Gold Rate in India for Last 10 Days (1 kg)

International Market Sentiment & Key Drivers

• USD has appreciated, and this is normally not good news for bullion, since gold is valued in terms of USD on an international scale.
• Markets’ sentiment has turned toward a tougher Federal Reserve stance, and this has dampened demand for non-income generating assets.
• Deutsche Bank noted that gold may drop even more if market participants begin to price in several rate increases by the Fed.
• Moreover, spot gold has retreated from its previous highs.

Domestic Market Sentiment & Key Drivers

• Indian households sold nearly 50 tonnes of old gold in the April-June quarter and up 43% from a year ago.
• The selling wave reflects profit booking after record prices and concern that prices may ease further.
• Organised recycling channels are benefiting because consumers are preferring transparent monetisation.
• Muthoot Exim reported a 40% jump in old gold volumes across more than 100 Gold Points.

Oil & Inflation

• Lower oil prices are helping ease some inflation pressure, but the impact on gold is being offset by a stronger dollar and rate-hike expectations.
• The global inflation backdrop still matters because gold often acts as a hedge when real yields fall.
• In the near term, bullion is responding more to monetary policy than to the relief from softer energy costs.

MCX Performance

• MCX gold for August 2026 delivery fell ₹1,342 to ₹1,46,776 per 10 grams in one recent session.
• MCX silver for July 2026 delivery dropped ₹7,185, or 3%, to ₹2,27,125 per kilogram.
• In another domestic snapshot, gold rebounded sharply to ₹1,52,300 per 10 grams and silver to ₹2,45,500 per kg on a strong recovery day.
• The wide swings show that intraday volatility remains high even after the broader correction.

Gold ETF Performance (2025–2026)

Comparison: Physical Gold vs Gold ETFs

Market Summary

• Gold is correcting after a strong run, but the long-term case for holding bullion has not disappeared.
• Silver is also weak, though its moves have been more violent and short-term in nature.
• Domestic buyers are balancing price risk against the emotional and cultural value of gold.
• For many households, the current backdrop supports either partial selling or careful accumulation rather than aggressive chasing.

Gold & Silver Price Today: Why Gold and Silver Are Falling ?

Gold and silver are lower due to strength in the dollar, Treasury rates and because traders are looking for higher US interest rates when the Fed adopts a tougher tone, gold will become less attractive since it is not a source of yield. Silver prices are being pressured because silver is exposed to two types of demand: industrial and safe haven.

Can Gold Prices Rise Again?

• Yes, gold has the potential to rally once again if there is a weakening in the dollar as well as reduced expectations from the Fed.
• A risk-off environment in the international financial markets will help in driving the demand for gold.
• Any weakness in the local currency will help drive up gold prices in India even when international gold prices are stable.
• Even a hint of any geopolitical issue will lead to a quick rally in the safe haven asset class.

Key Considerations for Buyers

• First determine purity, as 24K, 22K and 18K gold have very different prices.
• Consider manufacturing charges, as jewellery prices are quite different from the price of pure gold.
• Remember to factor in GST before finalizing your choice.
• In case you want to buy gold as an investment, ETFs and coins could prove more efficient.

What Will Happen To Gold If Fed Begins Raising Rates?

The rise in interest rates by the Fed will put gold under renewed pressure because the rise in yield makes bonds more appealing to investors while a negative case scenario by Deutsche Bank stated that gold will fall significantly if the market discounts several hikes. In other words, an increase in the Fed rate normally strengthens the dollar and puts pressure on gold.

Should You Buy Gold Today Or Hold Back in UAE?

• The price in the UAE is much cheaper compared to the Indian retail equivalent. 
• For investments, consider the AED pricing along with the rupee conversion and bank charges.
• For jewelry, the local manufacturing charges could affect the cost even more than the rate.
• In case you need to hedge yourself, gradual purchasing would be better than a single big purchase.

Silver Rates Today 29 June, 2026

• The silver price in India is ₹240 per gram and ₹2,40,000 per kilogram.
• The 10 gram price of silver is ₹2,400, whereas that of 100 gram is ₹24,000.
• Silver has been consolidating in a tight range today, following a bigger decline in the previous month.

Indian Major Cities Silver Rates Today

FAQ’s

1. Why are gold prices falling today?

Gold is under pressure from a stronger dollar, firmer rate expectations and profit booking after a strong rally.

2. Is silver cheaper for buyers right now?

Silver is lower than its recent highs, but the market remains volatile and can reverse quickly.

3. Why are people selling old jewellery now?

Many households are booking profits because they fear prices may correct further from elevated levels.

4. Is gold still a safe investment?

Gold still works as a hedge over longer periods, especially when inflation or geopolitical risk rises.

5. What should buyers check before purchasing?

Purity, making charges, GST and buyback terms matter more than the headline rate alone.

ALSO READ: Gold Rate Today LIVE: US Gold Climbs Above $4,090 as Dollar Strength Bullion Market Amid Fed Rate Hike Across Washington, San Francisco, California & Los Angeles – Check 24K, 22K & 18K Gold Prices