Current Gold Prices: Market Update for June 17, 2026
Gold Price Trends on June 17, 2026
On June 17, 2026, gold prices experienced a slight decline, with futures trading lower on the Multi Commodity Exchange (MCX) following the market's opening. The August gold futures contract on MCX decreased by Rs 474, or 0.31%, settling at Rs 1,52,617 per 10 grams, down from Rs 1,53,091 in the previous session. In the global market, spot gold was priced at $4,344.36 per ounce. In the Delhi bullion market, 24-carat gold was quoted at Rs 1,59,200 per 10 grams. According to the Indian Bullion and Jewellers Association (IBJA), gold was trading at Rs 1,50,663 per 10 grams on Wednesday morning, while estimates from the bullion market suggested a rate of Rs 1,53,400 per 10 grams. GoodReturns reported that 24-carat gold was priced at Rs 1,51,520 per 10 grams. Analysts indicated that the drop in futures prices was due to reduced demand in the spot market and a cautious stance among traders.
Gold Rates in Major Cities
| City | 24 Carat Gold Rate (Rs) | 22 Carat Gold Rate (Rs) | 18 Carat Gold Rate (Rs) |
| Delhi | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Mumbai | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Kolkata | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Chennai | Rs 1,53,380 | Rs 1,40,600 | Rs 1,17,900 |
| Patna | Rs 1,51,420 | Rs 1,38,800 | Rs 1,13,580 |
| Lucknow | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Meerut | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Ayodhya | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Kanpur | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Ghaziabad | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Noida | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Gurugram | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Chandigarh | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Jaipur | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Ludhiana | Rs 1,51,520 | Rs 1,38,900 | Rs 1,13,680 |
| Guwahati | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Indore | Rs 1,51,420 | Rs 1,38,800 | Rs 1,13,580 |
| Ahmedabad | Rs 1,51,420 | Rs 1,38,800 | Rs 1,13,580 |
| Vadodara | Rs 1,51,420 | Rs 1,38,800 | Rs 1,13,580 |
| Pune | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Nagpur | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Nashik | Rs 1,51,400 | Rs 1,38,780 | Rs 1,13,560 |
| Bangalore | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Bhubaneswar | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Cuttack | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Kerala | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Raipur | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
| Hyderabad | Rs 1,51,370 | Rs 1,38,750 | Rs 1,13,530 |
Insights from Market Analysts
Market participants are closely observing global trends. Analysts noted that reduced geopolitical tensions have positively influenced domestic equity markets and strengthened the rupee, which in turn diminishes the attractiveness of safe-haven assets like gold. However, supportive international factors have helped stabilize bullion prices. Praveen Singh, head of commodities at Mirae Asset Sharekhan, mentioned that lower oil prices are benefiting spot gold. Oil prices reached new lows recently due to developments concerning the US-Iran agreement. Jatin Trivedi, Vice President Research Analyst at LKP Securities, highlighted that traders are monitoring the US-Iran deal closely, as it affects sentiment in the bullion and commodity markets. Ravi Singh, Chief Research Officer at Master Capital Services, pointed out that MCX Gold futures closed nearly flat at 153,091, remaining below the 21-day and 55-day EMAs, indicating a weak short-term trend. He noted that the 154,000–154,500 range is a significant barrier for bullish traders, while 151,000 serves as immediate support. A break below this level could lead to prices dropping towards 148,000. Until prices move beyond this range, traders are likely to remain cautious. Singh also mentioned that international gold prices have seen gains for five consecutive sessions, driven by optimism surrounding the US-Iran deal, which has alleviated inflation concerns. The combination of lower crude oil prices and a weaker US dollar has supported bullion prices, while traders are also focused on the Federal Reserve’s policy outlook.