Gold Rate Today, June 16: Prices fall after sharp increase; check 18, 22 and 24 carat gold price

Gold prices were a tad changed in the retail market in India on Tuesday (June 16, 2026). After sharp gains over the past 2-3 days, gold prices are down today. According to Goodreturns.in, 24 carat gold was down by ₹160 per 10 gm at ₹1,51,370, while 22 carat and 18 carat are down by ₹15 and ₹12 at ₹1,38,750 and ₹1,13,530 per 10 gm, respectively.

Since the Iran-US crisis that broke out in February end, gold prices internationally have tumbled over 20%. Also, a similar sell-off is seen in the Indian market

On June 16, 2026, gold prices across major brands are as below:

Kalyan Jewellers 24 carat gold is priced at ₹15,136, while 22 carat and 18 carat gold is available at a price of ₹13,875 and ₹11,352 per gm, respectively.

Joyalukkas: 22 carat gold is priced at ₹13,875 per gm. 24 carat gold quoted at ₹15,136 per gm, while 18 carat gold was retailing at ₹11,352.

At the IBJA, gold of 24 carat purity on the previous trading session (evening) traded at ₹1,50,646 per 10 gm.

Factors influencing gold rates today

Gold price on the MCX were trading with mild gains on Tuesday. At around 9:38 am, gold August futures were up a tad by 0.05% or ₹84 at ₹1,53,000 per 10 gm. The movement in Indian market mirrored sentiment in the international market, where prices were last down by 0.07% at $4,348.37.

Losses in the precious yellow metal can be attributed to profit booking after sharp gains amid the signing of the US-Iran peace deal.

The steadiness in the market also reflects that investors are now awaiting more clarity on the US-Iran deal. On Monday, the US President said the initial agreement to end the war in the Gulf has been inked by the U.S. and Iran.

This is even as a permanent truce is yet to be negotiated between the two nations.

Going ahead, gold price will be influenced by the US Fed monetary policy action due later in the week, and guidance from Chair Kevin Warsh. Also, expectations and outlook on interest rate will also set the course in gold price movement.