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  1. Gold and silver prices on June 18: Gold rate flat ahead of US Fed policy outcome; check the latest price in your city

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Gold and silver prices on June 18: Gold rate flat ahead of US Fed policy outcome; check the latest price in your city

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3 min read | Updated on June 18, 2025, 11:29 IST

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SUMMARY

Gold prices in India trade flat on June 18 amid geopolitical tensions and a strong US dollar. Investors await the US Fed policy decision. 24K gold stands at ₹99,720/10garm. Check the latest gold and silver rates across major cities.

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Citigroup Inc. analyst warned that international gold prices are likely to sink back below $3,000/oz in the coming quarters

Gold prices in India are trading flat today. As of 11:00 am, the 24K gold rate in the local market stood at ₹99,720 per 10 gram, up ₹100/10 gram or 0.1% compared to yesterday’s closing, while 22K gold was at ₹91,410 per 10 gram.

Gold prices in domestic and global markets are trading in a range as a stronger US dollar offsets safe-haven demand amid escalating geopolitical tensions. The Iran-Israel conflict entered its sixth day with no signs of abating as Israel’s military confirmed it had carried out strikes near Tehran.

Investors now await the outcome of the Federal Reserve policy decision to be announced tonight. Experts believe the US Fed is widely expected to keep interest rates unchanged. However, markets will be closely watching for guidance on future policy moves amid persistent tariff uncertainties and geopolitical risks.

Yesterday, Citigroup Inc. analyst warned that international gold prices are likely to sink back below $3,000/oz in the coming quarters, as a record-setting rally runs dry. Improved global growth prospects and a Fed rate cut are likely to cool down demand for the bullion in second half of 2026.

Check the latest gold and silver prices across major cities today:

In New Delhi markets, the 24K gold rate stood at ₹99,190 per 10 gram and 22K gold at ₹90,924 per 10 gram.

Gold Price Today in Major Cities:

City24K Gold (per 10gm)*22K Gold (per 10gm)
Mumbai₹99,430₹91,144
Delhi₹99,190₹90,924
Chennai₹99,720₹91,410
Kolkata₹99,300₹91,025
*Gold rate as of 11:00 am

MCX Gold futures are also trading lower. As of 11:00 am, the MCX Gold August future is down 0.13% at ₹99,412 per 10 gram, with a day high of ₹99,740 and day low of ₹99,314. In the US markets, Gold futures for August delivery is trading 0.13% lower at $3,406 an ounce.

Silver Price Today in India (June 18, 2025)

Silver prices are trading higher in the local market above ₹1.09 lakh mark after several months. As of 11:00 am, silver prices are around ₹109,920 per kg, up 0.63%. Meanwhile, MCX Silver for July delivery trades 0.48% higher at ₹109,520 per kg, while international silver prices trade around $37.3 per troy ounce, up 0.54%.

Silver Price Today in Major Cities:

CitySilver Price (per kg)*
Mumbai₹109,700
Delhi₹109,530
Chennai₹110,020
Kolkata₹109,560
*Silver rate as of 11:00 am
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.