Gold and silver prices across India remained largely stable on June 22, with only minor corrections seen after recent market volatility. While gold continued to trade near record levels, silver held firm around ₹2.5 lakh per kilogram amid cautious global sentiment and steady domestic demand.
Gold and silver prices in India showed little movement on Monday, June 22, as bullion markets entered a consolidation phase following recent fluctuations driven by global economic uncertainty and changes in domestic import duties.
The national benchmark price for 24-carat gold stood at approximately ₹14,608 per gram, while 22-carat gold traded near ₹13,390 per gram. Silver continued to hover around ₹250 per gram, translating to roughly ₹2,50,000 per kilogram.
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City-wise gold rates
Among major metropolitan centres, Chennai and Hyderabad recorded some of the highest gold prices, while Mumbai, Delhi and Bengaluru remained slightly lower.Silver prices in major cities
| City | 22K Gold (10g) | 24K Gold (10g) |
|---|---|---|
| Mumbai | ₹1,34,990 | ₹1,47,370 |
| Delhi | ₹1,34,900 | ₹1,41,650 |
| Chennai | ₹1,36,000 | ₹1,48,370 |
| Kolkata | ₹1,35,940 | ₹1,48,400 |
| Bengaluru | ₹1,34,860 | ₹1,47,230 |
| Hyderabad | ₹1,36,000 | ₹1,48,370 |
Silver prices also remained largely stable, although southern cities continued to trade at a slight premium.
Silver retail price breakdown
For retail buyers, silver prices across India remained close to the national average.
| City | Silver (1 kg) |
|---|---|
| Mumbai | ₹2,49,900 |
| Delhi | ₹2,49,900 |
| Kolkata | ₹2,49,900 |
| Bengaluru | ₹2,50,000 |
| Chennai | ₹2,54,900 |
| Hyderabad | ₹2,54,900 |
In Chennai, Hyderabad, Bengaluru and Kolkata, silver traded slightly higher at around ₹255 per gram, taking the cost of 10 grams to approximately ₹2,550.
Why are gold and silver prices stable?
| Weight | Average Price |
|---|---|
| 1 gram | ₹250 |
| 8 grams | ₹2,000 |
| 10 grams | ₹2,500 |
| 100 grams | ₹25,000 |
| 1 kilogram | ₹2,50,000 |
Market analysts attribute the current stability to a combination of domestic and international factors.
Customs duty changes
Recent revisions to India's basic customs duty structure have resulted in modest adjustments in bullion pricing compared with earlier months. These changes have helped bring some stability to domestic gold and silver rates.
Global economic uncertainty
Investors continue to monitor signals from the US Federal Reserve regarding future interest rate decisions. Uncertainty surrounding monetary policy and fluctuations in the US dollar have limited major movements in precious metal prices.
Domestic demand remains healthy
Although gold experienced a slight weekly decline earlier in June, jewellery demand remains steady across many regions. Traders expect buying activity to increase ahead of upcoming wedding seasons and festive purchases in several parts of the country.
What buyers should know
Consumers purchasing physical gold or silver jewellery should remember that quoted retail rates do not include additional charges. A 3 per cent Goods and Services Tax (GST) is applied to purchases, while jewellery making charges can add anywhere between 5 and 15 per cent or more depending on design complexity.
For silver buyers, bars and bullion products typically carry lower premiums than jewellery and decorative items.
With global economic signals remaining mixed and domestic demand stable, analysts expect gold and silver prices to continue trading within a narrow range in the near term unless major geopolitical or monetary policy developments emerge.
(Disclaimer: Precious metal prices are subject to frequent market fluctuations and may vary by city, jeweller, and time of purchase. The rates mentioned in this article are indicative retail prices and do not include GST, making charges, hallmarking fees, or other local levies. Buyers are advised to verify the latest prices with their local jeweller or authorised dealer before making any purchase or investment decision. The information provided is for informational purposes only and should not be considered financial or investment advice.)
Published: 22 Jun 2026, 09:42 am IST
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