Gold prices slipped marginally on Thursday, June 18, offering some respite to jewellery buyers after recent gains, while silver extended its losses amid weak global cues and cautious investor sentiment.
According to the latest market rates, 24-carat gold was priced at around ₹1,51,900 per 10 grams, while 22-carat gold traded near ₹1,39,150 per 10 grams. Silver was quoted at approximately ₹2,64,900 per kilogram in major retail markets across the country.
In Delhi, 24-carat gold was available at around ₹1,52,050 per 10 grams, while prices in Mumbai hovered near ₹1,52,200. Similar rates were reported in Kolkata, Chennai and Bengaluru, reflecting a broadly stable trend across key cities.
The decline in bullion prices comes as investors react to the US Federal Reserve’s latest policy stance. The central bank indicated that inflation risks remain and another interest rate hike could still be on the table later this year. Higher interest rates generally reduce the attractiveness of non-yielding assets such as gold and silver, leading some investors to shift funds elsewhere.
Silver witnessed a sharper correction than gold, with traders reporting continued selling pressure in commodity markets. Analysts said silver remains more volatile because it is influenced not only by investment demand but also by industrial consumption trends.
Despite the slight fall in prices, jewellers said customer enquiries remain steady. Many consumers are closely tracking market movements, hoping for further corrections before making purchases for weddings, festivals and long-term investments.
Market experts believe gold continues to enjoy support from global uncertainties, including geopolitical developments and concerns over economic growth. However, expectations of tighter monetary policy in the United States are limiting any major upside in prices.
Globally, precious metals also faced pressure as investors assessed the outlook for interest rates and inflation. At the same time, easing crude oil prices and reduced geopolitical tensions helped prevent a sharper decline in gold.
For now, bullion markets are expected to remain sensitive to global economic data, central bank decisions and currency movements.