Gold Price Today: Gold Extends Decline, 22-Carat Rate Falls to ₹1,36,440 in Mumbai; Check Prices in Your City
Gold prices continued to weaken on Thursday, June 11, with rates declining across most major Indian cities. The latest correction comes amid rising crude oil prices and a stronger US dollar, both of which have reduced the appeal of precious metals in global markets.
In Delhi, the price of 24-carat gold dropped to ₹1,49,000 per 10 grams, while 22-carat gold was priced at ₹1,36,590 per 10 grams. Market experts say increasing geopolitical tensions between the United States and Iran have pushed Brent crude oil prices above $90 per barrel, strengthening the dollar and putting pressure on gold prices.
A day earlier, gold with 99.9% purity in Delhi's bullion market fell by ₹4,300, or nearly 3%, to ₹1,56,000 per 10 grams. In the international market, spot gold was trading around $4,168.99 per ounce.
Why Are Gold Prices Falling?According to analysts, rising energy prices have increased concerns about prolonged inflation and the possibility of higher interest rates for an extended period. When interest rates remain elevated, non-yielding assets such as gold become less attractive to investors.
Brent crude oil is currently hovering near $94 per barrel, adding further pressure on precious metals. Market participants are also closely monitoring upcoming US inflation data and signals from the Federal Reserve regarding future monetary policy decisions.
Gold Rates in Major Indian Cities (June 11, 2026) City 22-Carat Gold (₹/10g) 24-Carat Gold (₹/10g)| Delhi | 1,36,590 | 1,49,000 |
| Mumbai | 1,36,440 | 1,48,850 |
| Ahmedabad | 1,36,490 | 1,48,900 |
| Chennai | 1,37,990 | 1,50,540 |
| Kolkata | 1,36,440 | 1,48,850 |
| Hyderabad | 1,36,440 | 1,48,850 |
| Jaipur | 1,36,590 | 1,49,000 |
| Bhopal | 1,36,490 | 1,48,900 |
| Lucknow | 1,36,590 | 1,49,000 |
| Chandigarh | 1,36,590 | 1,49,000 |
Silver prices witnessed a slight decline alongside gold. On June 11, silver was trading at approximately ₹2,49,900 per kilogram in the domestic market. In the international market, spot silver was quoted at around $63.87 per ounce.
Both gold and silver prices continue to be influenced by a combination of domestic demand, currency movements, geopolitical developments, crude oil prices, and global economic conditions.
Market OutlookExperts believe that precious metals may remain volatile in the near term. While rising geopolitical risks often support safe-haven demand, higher oil prices and expectations of elevated interest rates are currently limiting gains in gold and silver.
Investors are advised to keep an eye on global economic data, central bank decisions, and international geopolitical developments, as these factors are likely to drive price movements in the coming weeks.