Gold Price Today: Check Latest Rates for 22, 24 & 18 Carat Gold
On June 16, 2026, gold prices saw a marginal increase on the MCX, while silver experienced a minor decline. Detailed price points for 24, 22, and 18-carat gold across major Indian cities provide investors with the latest market valuations for precious metals.
Highlights
- •Gold futures on the MCX opened at Rs 1,53,135 per 10 grams, reflecting a modest increase.
- •Silver prices experienced a slight decline of 0.55%, trading at Rs 250,070 per kg.
- •Regional gold rates vary, with Delhi recording 24-carat gold at Rs 151,680 per 10 grams.
- •The Indian Bullion and Jewellers Association (IBJA) benchmarks 24-carat gold purity at Rs 1,50,646 per 10 grams.
For those tracking the latest gold prices as of June 16, 2026, the market presents a picture of slight volatility across various segments. Investors and retail consumers alike are closely monitoring these fluctuations as they make decisions regarding precious metal assets. Following the morning opening of the Multi Commodity Exchange (MCX), 24-carat gold futures recorded a modest upward trend, starting the day at Rs 1,53,135 per 10 grams—a gain of Rs 219 from the previous session's closing figure of Rs 1,52,950.
Market Movements and Gold Price Today
While the futures market on the MCX indicated a marginal rise, spot market indicators provided by the Indian Bullion and Jewellers Association (IBJA) offer a broader perspective on current valuations. As of the most recent data, 24-carat gold is priced at approximately Rs 1,50,646 per 10 grams. It is essential for buyers to note that these figures serve as benchmarks, and actual retail prices may vary slightly based on local taxes and regional demand dynamics in cities like Delhi, Mumbai, and Chennai.
In contrast to the slight upward movement in gold, the silver market experienced a minor correction. Silver futures for July delivery on the MCX saw a decline of 0.55%, adjusting to Rs 250,070 per kilogram. This slight dip of Rs 1,430 underscores the sensitivity of precious metals to short-term trading pressures in the current economic environment.
Regional Price Variations
The cost of purchasing jewelry or investment-grade bullion remains subject to geographical location. Across major metropolitan hubs, the rates for 24-carat gold are currently hovering around Rs 1,51,680 in Delhi, Lucknow, Meerut, and Jaipur. Meanwhile, markets in Mumbai and Kolkata have reported prices near Rs 1,51,530. Chennai continues to show distinct pricing, with 24-carat gold reaching Rs 1,53,490 per 10 grams.
For those interested in different purities, the IBJA reported the following rates for various grades: 23-carat gold is priced at Rs 1,50,043, 22-carat gold stands at Rs 1,37,992, 18-carat gold is at Rs 112,985, and 14-carat gold is valued at Rs 88,128 per 10 grams. Consumers are encouraged to verify final rates with their local jewelers, as these market-driven figures reflect standard purity levels and do not include additional making charges or retail premiums that may apply at the point of sale.
