Gold and silver prices showed a mixed trend on Monday, June 16, 2026, amid weak signals from global markets and expectations of geopolitical stability. After rising for three consecutive sessions, gold prices paused, while silver recorded a sharp decline. Investors remained cautious in both the Multi Commodity Exchange (MCX) and the domestic bullion market.
According to experts, expectations of easing tensions in West Asia and a slight decline in crude oil prices exerted pressure on precious metals in international markets.
Gold Trades Flat on MCX
Gold for August 5, 2026 delivery on MCX had settled at ₹152,916 per 10 grams in the previous session. On Monday, it opened at ₹152,891 and moved within a range of ₹152,825 to ₹153,161 during early trade. At 10:15 a.m., gold was trading nearly unchanged at ₹152,910 per 10 grams, indicating a marginal decline from the previous close. Market analysts said investors were awaiting global cues, limiting significant movement in gold prices.
Silver Records Sharp Decline
Silver witnessed higher volatility than gold during early trading. On MCX, silver prices declined by approximately ₹1,700-1,800 per kilogram in early trade. Silver had settled at ₹251,458 per kilogram in the previous session and opened at ₹250,457 on Monday. During morning trade, it fell to a low of ₹249,691 per kilogram. At 10:20 a.m., silver was trading at ₹249,784 per kilogram, down by approximately ₹1,674 from the previous close.
Mild Weakness in Domestic Bullion Market
Gold prices also registered a marginal decline in the domestic bullion market. According to Goodreturns, 24-carat gold was trading at ₹151,370 per 10 grams, down by about ₹160. Similarly, 22-carat gold declined by around ₹150 to ₹138,750 per 10 grams, while 18-carat gold fell by approximately ₹120 to ₹113,530 per 10 grams.
Silver prices in the domestic market remained steady at ₹265,000 per kilogram, indicating that local demand continued to remain balanced despite movements in global markets.
Gold Rates Across Major Cities
Prices of 24-carat gold remained broadly similar across major Indian cities, with minor regional variations.
In Delhi, gold was priced at ₹151,520 per 10 grams. In Mumbai and Kolkata, the rate stood at ₹151,370 per 10 grams. Chennai recorded the highest price at ₹153,380 per 10 grams. Gold was priced at ₹151,520 per 10 grams in Lucknow, ₹151,420 per 10 grams in Patna, ₹151,520 per 10 grams in Jaipur, and ₹151,420 per 10 grams in both Indore and Bhopal.
Gold prices in Chennai remained slightly higher than in other cities, which is attributed to differences in local taxes and demand.
