Gold Price Today: Gold and Silver Extend Losses as Global Weakness Pulls Rates Lower Across Indian Cities

Gold prices continued their downward trend in India on June 26, offering some relief to buyers as domestic rates declined across major cities. The latest fall comes amid weakness in international bullion markets and a stronger US dollar, which has reduced investor demand for precious metals. Silver prices also remained under pressure, extending losses alongside gold.

According to the latest market rates, 24-carat gold in Delhi is now priced at ₹1,41,470 per 10 grams

, while 22-carat gold is selling at ₹1,29,690 per 10 grams. Similar declines have been recorded in several other major cities, including Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Bhopal, Lucknow, and Chandigarh.

Why Are Gold Prices Falling?

The recent correction in gold prices is largely being driven by developments in the global market. Spot gold has slipped below the significant $4,000 per ounce

level and is currently trading around $3,978.06 per ounce.

A stronger US dollar has made gold more expensive for buyers using other currencies, reducing international demand. At the same time, investors remain cautious about the possibility of additional interest rate hikes by the US Federal Reserve if inflationary pressures continue. Higher interest rates generally reduce the appeal of non-yielding assets such as gold, contributing to the ongoing decline in prices.

The combination of these global factors has also affected sentiment in the Indian bullion market, leading to softer domestic prices.

Gold Rates in Major Indian Cities

Gold prices vary slightly depending on local taxes and transportation costs. Below are the latest rates for 22-carat and 24-carat gold across major cities.

City 22-Carat Gold (₹/10g) 24-Carat Gold (₹/10g)

Delhi	1,29,690	1,41,470
Mumbai	1,29,540	1,41,320
Ahmedabad	1,29,590	1,41,370
Chennai	1,31,390	1,43,340
Kolkata	1,29,540	1,41,320
Hyderabad	1,29,540	1,41,320
Jaipur	1,29,690	1,41,470
Bhopal	1,29,590	1,41,370
Lucknow	1,29,690	1,41,470
Chandigarh	1,29,690	1,41,470

Among these cities, Chennai continues to report the highest gold prices

, while Mumbai, Kolkata, and Hyderabad remain among the least expensive markets for purchasing gold.

Delhi Gold Market Sees Sharp Decline

The national capital has witnessed a significant correction in bullion prices over the past day. Market data shows that 99.9% pure gold had already fallen by ₹2,800 per 10 grams in the Delhi bullion market before today's updated retail rates.

The decline has improved affordability for consumers planning purchases for weddings, investments, or festive occasions. However, traders say prices could remain volatile as global economic developments continue to influence the bullion market.

Silver Prices Also Move Lower

Gold is not the only precious metal experiencing selling pressure. Silver prices have also weakened in both domestic and international markets.

On June 26, silver is priced at ₹2,34,900 per kilogram in the Indian market. Globally, spot silver is trading at around $57.10 per ounce, reflecting continued weakness in investor sentiment.

Like gold, silver prices are being influenced by the stronger dollar, changing expectations regarding US monetary policy, and cautious global investment activity.