Gold price today witnessed a steep correction across India, bringing relief to jewellery buyers and investors alike. The latest decline pushed both gold and silver rates lower on June 30, with precious metals extending their recent volatility amid changing global market trends.

For consumers planning to buy jewellery, coins, or investment-grade bullion, today's fall means lower purchase costs compared to the previous trading session. The biggest question among buyers this morning is simple: How much has gold become cheaper and what are the latest rates in major cities?

Gold rates fall across purity segments

The benchmark gold price recorded a notable decline on Tuesday. The rate of 24-carat gold fell by ₹180 per gram to ₹14,013, while 22-carat gold dropped ₹165 per gram to ₹12,845. The price of 18-carat gold also moved lower, declining by ₹135 per gram to ₹10,510.

The correction comes after recent fluctuations in the bullion market, with traders closely monitoring international gold prices, currency movements and investor sentiment.

Latest gold price today in major Indian cities

City24K22K18K
Chennai₹14,508₹13,299₹11,124
Mumbai₹14,013₹12,845₹10,510
Delhi₹14,028₹12,860₹10,525
Kolkata₹14,013₹12,845₹10,510
Bangalore₹14,013₹12,845₹10,510
Hyderabad₹14,013₹12,845₹10,510
Kerala₹14,013₹12,845₹10,510

Silver price today: Metal tumbles ₹5,000 per kg

Silver prices also witnessed a significant decline. The price of silver today stands at ₹235 per gram and ₹2,35,000 per kilogram, marking a sharp fall of ₹5,000 per kg from the previous level.

The drop is likely to attract attention from both industrial buyers and retail investors tracking movements in the white metal.

City-wise silver rates on June 30

City10 g100 g1 kg
Chennai₹2,449₹24,490₹2,44,900
Mumbai₹2,350₹23,500₹2,35,000
Delhi₹2,350₹23,500₹2,35,000
Kolkata₹2,350₹23,500₹2,35,000
Bangalore₹2,350₹23,500₹2,35,000
Hyderabad₹2,449₹24,490₹2,44,900
Kerala₹2,449₹24,490₹2,44,900

What gold and silver buyers should know

The latest decline in gold price and silver price may create a favourable window for consumers planning purchases ahead of upcoming weddings, festivals or investment allocations. While short-term movements remain tied to global bullion trends, today's correction has made precious metals noticeably cheaper than recent levels.