Gold and Silver Prices in India Show Volatility as MCX Futures Follow Global and US Signals Gold and silver prices in India moved in a volatile range on June 18 as futures on the Multi-Commodity Exchange tracked global developments linked to geopolitics and the United States monetary policy signals. Retail prices in major cities stayed high, showing steady demand for precious metals during uncertain global conditions. MCX Futures See Intraday Pressure On the Multi Commodity Exchange , August gold futures fell 0.51% during the session and touched an intraday low of Rs. 1,52,301. The contract was last seen near Rs. 1,52,501, down 0.39% from the previous close of Rs. 1,53,091. It also rose to a high of Rs. 1,53,179 during the day. Silver July futures were almost flat at Rs. 2,49,910, down 0.08%. The contract moved between a low of Rs. 2,48,777 and a high of Rs. 2,51,498. In early trade, gold July futures dropped 0.75% to Rs. 1,50,610, while silver July futures fell 2% to Rs. 2,46,774. Markets reacted to updates on a US-Iran peace agreement and the US Federal Reserve holding interest rates steady, while also indicating the possibility of tighter policy later in the year. City-wise Gold Rates Per Gram City 24K Gold (Rs.) 22K Gold (Rs.) Chennai 15,305 14,029 Mumbai 15,109 13,849 Delhi 15,124 13,864 Kolkata 15,109 13,849 Bengaluru 15,109 13,849 Hyderabad 15,109 13,849 Pune 15,109 13,849 Ahmedabad 15,114 13,854 Jaipur 15,124 13,864 Lucknow 15,124 13,864 Silver Tracks Global Volatility Silver prices in India were at Rs. 264.90 per gram and Rs. 2,64,900 per kilogram. Globally, silver prices moved in a mixed pattern, staying near 4,295 dollars an ounce after falling 1.7% in the previous session. Market sentiment followed expectations around US interest rate moves and changes in geopolitical conditions, which affected demand for safe-haven assets like bullion. Market Signals and Investment Landscape Gold prices in India move in line with global bullion trends, currency changes and local demand. Final jewellery prices are higher than quoted rates as they include base gold price, making charges, and 3% GST. Investors also use options like digital gold, exchange-traded funds and sovereign gold bonds instead of buying physical gold. Purchases above Rs. 2 lakh require PAN details under current rules. Selling gold may also attract capital gains tax, depending on how long it is held. Disclaimer: Industry Wired does not provide financial, investment, or trading advice. Cryptocurrency and investment markets are volatile and carry risk of loss. Information presented is for educational purposes only. Consult a licensed financial advisor and conduct your own research before making any investment decisions.
Gold Price Today: June 18 Gold at Rs. 15,300, Silver Near Rs. 2.65 Lakh as Volatility Continues
