Gold Prices Fall: Latest 18, 22 and 24 Carat Rates Today
Gold prices experienced a notable decline on June 18, 2026, with 24-carat gold falling on the MCX. Silver prices also saw a downward trend. The article provides updated gold rates for various carats and compares retail prices across major Indian cities.
Highlights
- •Gold prices on the MCX saw a decline of 0.81%, dropping to Rs 152,638 per 10 grams.
- •Silver prices on the MCX fell by 1.91%, reaching Rs 247,000 per kg.
- •The Indian Bullion and Jewellers Association (IBJA) provides standardized pricing for various carat purities.
- •Regional retail prices show significant variations across major Indian cities including Delhi, Mumbai, and Chennai.
Recent market movements have triggered a decline in gold prices as of June 18, 2026, prompting investors and jewellery buyers to closely monitor the latest valuation trends. Market participants are evaluating whether this downward shift presents a strategic entry point for purchasing precious metals, given the fluctuations observed across various carat categories.
Analysis of Current Gold Price Trends
On the Multi Commodity Exchange (MCX), the futures price for 24-carat gold experienced a decline of 0.81%, settling at Rs 152,638 per 10 grams as of 9:11 am on June 18. This marks a notable adjustment from the previous day's closing price of Rs 153,899 per 10 grams, representing a reduction of Rs 1,261. Simultaneously, the silver market also faced downward pressure, with prices dropping by 1.91% to reach Rs 247,000 per kg.
According to data from the Indian Bullion and Jewellers Association (IBJA) recorded at the close of trading on June 17, the rates for various purities were established as follows: 24-carat (999) gold was priced at Rs 150,148 per 10 grams, 23-carat (995) at Rs 149,547, 22-carat (916) at Rs 137,536, 18-carat (750) at Rs 112,611, and 14-carat (585) at Rs 87,837 per 10 grams.
Regional Price Variations for Gold
Retail gold prices continue to vary across different cities in India based on local market dynamics. In Delhi, Lucknow, Meerut, Ayodhya, Kanpur, and Ghaziabad, the rates for 24-carat gold stand at Rs 151,250 per 10 grams, with 22-carat and 18-carat gold priced at Rs 138,650 and Rs 113,470 respectively.
In contrast, Mumbai, Kolkata, and Patna report 24-carat gold at Rs 151,100, 22-carat at Rs 138,500, and 18-carat at Rs 113,320 per 10 grams. Chennai maintains a distinct pricing structure, with 24-carat gold reaching Rs 153,060, 22-carat at Rs 140,300, and 18-carat at Rs 117,500 per 10 grams. Investors are advised to verify these rates with local jewellers, as retail prices may incorporate additional charges beyond the base market value.
