Gold and silver prices declined on Tuesday, June 23, 2026, across India's bullion market and the Multi Commodity Exchange (MCX) after opening the week on a ber note. The decline comes amid global economic signals and profit-booking by investors following a sustained rally in precious metals over recent sessions.
Market participants attributed the correction to profit-taking after gold and silver recently touched record highs. Movements in the international market, including a ber U.S. dollar and uncertainty surrounding interest rates, also weighed on precious metal prices.
In the domestic market, 24-carat gold was trading at around Rs 1.46 lakh per 10 grams, while 22-carat gold was priced at approximately Rs 1.34 lakh per 10 grams. Prices of 18-carat gold also recorded a marginal decline.
Silver prices also eased, with the metal trading at around Rs 2.28 lakh per kilogram in major markets across the country. The decline followed a sharp rise in the previous session. Silver prices continue to fluctuate in response to industrial demand and investor activity.
Gold and silver prices varied slightly across cities due to local taxes, transportation costs and demand conditions. In New Delhi, 24-carat gold was trading at around Rs 1,46,530 per 10 grams, while silver was priced at Rs 2,28,680 per kilogram. In Mumbai, 24-carat gold was trading at approximately Rs 1,46,950 per 10 grams and silver at Rs 2,29,430 per kilogram.
In Patna, gold was trading at around Rs 1,46,940 per 10 grams, while silver was quoted at Rs 2,28,490 per kilogram. Jaipur and Kanpur also recorded marginal declines in gold and silver prices, reflecting the broader trend seen across domestic markets.
On the Multi Commodity Exchange (MCX), weakness was also visible in precious metal futures. Gold futures slipped from recent highs and were trading at around Rs 1.47 lakh to Rs 1.48 lakh per 10 grams. Silver futures were trading near Rs 2.30 lakh per kilogram with a weaker trend. According to market analysts, selling at elevated levels and global market cues influenced trading in the futures segment.
