Current Gold Prices: Market Trends and Insights for June 18, 2026

Gold Price Overview for June 18, 2026

Gold Rate Update: On Thursday, June 18, gold prices showed fluctuations, starting lower in the domestic market. The Multi Commodity Exchange (MCX) reported a decline in 24-carat gold futures by Rs 1,281, or 0.83%, bringing the price to Rs 1,52,598 per 10 grams. The previous closing was at Rs 1,53,879 per 10 grams. According to the Indian Bullion and Jewellers Association (IBJA), 24-carat gold was trading at Rs 1,50,148 per 10 grams in the morning. Different market trackers reported varying prices, with Bullions quoting Rs 1,52,880 and Goodreturns listing it at Rs 1,51,250 per 10 grams. The All India Sarafa Association indicated a price of Rs 1,54,400 per 10 grams, including taxes. This drop in gold prices is attributed to a decrease in interest for precious metals and a rise in equity market sentiment. Investors are also closely monitoring upcoming policy decisions from the US Federal Reserve, which may impact global bullion prices.

Gold Rates in Major Cities

Gold Prices in Key Cities:

Expert Insights

Market Analysis: Experts suggest that investors are currently taking a cautious stance ahead of significant global economic developments. Ravi Singh, Chief Research Officer at Master Capital Services Limited, mentioned, "MCX Gold futures have shown a recovery for the fifth consecutive session, increasing by 0.51% to close at 153,879. Despite this recent uptick, prices remain below both the 21-day and 55-day EMAs, indicating a weak short-term trend. The immediate resistance is in the 154,000–155,000 range, where these moving averages lie. A sustained move above this level is essential for a stronger recovery and a more favorable outlook. Conversely, 151,000 is a crucial support level, and a drop below it could trigger further selling towards 148,000."

International gold prices have seen a slight increase as investors reacted positively to the signing of a temporary US-Iran peace agreement, which is anticipated to alleviate tensions in the Middle East and facilitate the reopening of vital energy export routes. The 14-point memorandum allows for toll-free passage through the Strait of Hormuz during a 60-day negotiation period, with full traffic expected to resume within 30 days. This agreement has mitigated fears of prolonged oil supply disruptions and reduced concerns over inflation driven by energy costs, thereby supporting bullion prices. However, gains were limited after the Federal Reserve maintained interest rates at 3.50%–3.75% and indicated potential for further monetary tightening later this year, with projections suggesting at least one rate hike in 2026," he added.

Gold and silver prices faced pressure despite some gains in COMEX bullion, as rising US Treasury yields and a stronger dollar diminished the attractiveness of precious metals. Sentiment weakened following the Federal Reserve's decision to keep interest rates steady while signaling support for additional hikes, focusing on returning inflation to target levels. The easing of geopolitical tensions due to the US-Iran agreement further reduced safe-haven demand. Nonetheless, silver's decline was limited due to strong industrial demand, bolstered by ongoing investments in AI infrastructure, data centers, renewable energy projects, and energy storage systems, particularly in China," noted Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.