Current Gold Prices in India: Market Trends and Analysis
Gold Prices Experience Decline on June 26, 2026
On June 26, 2026, gold prices in India faced downward pressure, continuing a recent trend of decline. The All India Sarafa Association reported that the cost of 99.9% purity (24-carat) gold dropped to Rs 1,45,300 per 10 grams, marking the lowest price in nearly three months. While physical gold prices decreased, futures for the August contract on the Multi Commodity Exchange (MCX) saw a slight increase of Rs 73, or 0.05%, reaching Rs 1,43,200 per 10 grams. The bullion market quoted 24-carat gold at Rs 1,43,550 per 10 grams, whereas the Indian Bullion and Jewellers Association (IBJA) set the rate at Rs 1,39,873 per 10 grams. Due to the Muharram holiday, these rates will remain unchanged for the day. Additionally, GoodReturns reported the price of 24-carat gold at Rs 1,40,280 per 10 grams. On the international front, spot gold prices fell to $3,978.06 per ounce, reflecting a lack of confidence in the global precious metals market.
Gold Rates in Major Indian Cities
24K, 22K, 18K Gold Rates in Delhi, Chennai, Mumbai, and Other Major Cities
| City | 24 carat gold (10 grams) | 22 carat gold (10 grams) | 18 carat gold (10 grams) |
| Delhi | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Mumbai | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Kolkata | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Chennai | Rs 143,350 | Rs 131,400 | Rs 109,810 |
| Patna | Rs 140,180 | Rs 128,500 | Rs 105,150 |
| Lucknow | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Meerut | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Ayodhya | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Kanpur | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Ghaziabad | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Noida | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Gurugram | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Chandigarh | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Jaipur | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Ludhiana | Rs 140,280 | Rs 128,600 | Rs 105,250 |
| Guwahati | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Indore | Rs 140,180 | Rs 128,500 | Rs 105,150 |
| Ahmedabad | Rs 140,180 | Rs 128,500 | Rs 105,150 |
| Vadodara | Rs 140,180 | Rs 128,500 | Rs 105,150 |
| Surat | Rs 140,180 | Rs 128,500 | Rs 105,150 |
| Pune | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Nagpur | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Nashik | Rs 140,160 | Rs 128,480 | Rs 105,130 |
| Bangalore | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Bhubaneswar | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Cuttack | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Raipur | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Hyderabad | Rs 140,130 | Rs 128,450 | Rs 105,100 |
| Kerala | Rs 140,130 | Rs 128,450 | Rs 105,100 |
Global Market Trends Affecting Gold Prices
Gold Prices Decline Amid Global Weakness
Gold has been under pressure for several trading sessions, influenced by a robust US dollar and the anticipation of prolonged high interest rates. The All India Sarafa Association noted a decrease of Rs 2,800 in the price of 99.9% pure gold, bringing it down from Rs 1,48,100 to Rs 1,45,300 per 10 grams. Internationally, spot gold prices fell below the $4,000 per ounce threshold for the first time since November 2025, dropping by $21.15, or 0.53%, to $3,978.06 per ounce. However, MCX futures showed a slight recovery, with the August contract rising by Rs 405, or 0.29%, to Rs 1,41,675 per 10 grams after a previous decline.
Expert Insights on Falling Gold Prices
Market Analysts Weigh In
Experts suggest that the shift of investor funds towards the US dollar is diminishing the demand for precious metals. A senior analyst at a financial services firm indicated that the domestic gold prices were pressured by a strong dollar and the likelihood of sustained high interest rates. Additionally, the head of commodities at another financial institution noted that spot gold was trading at $3,980 per ounce in the international market. The recent significant decline in precious metals has prompted some banks in China to scale back their retail gold trading services. Investors are also closely monitoring upcoming US economic data, which could influence expectations regarding interest rates and currency markets.