
Amidst the weak signals from the global markets and the strong pressure of the strengthening US dollar, the trend of decline in gold and silver prices in the Indian bullion market is not showing any signs of stopping. On the morning of Saturday, June 20, 2026, the prices of precious metals have slipped further in most cities of the country.
This morning, the price of 24 carat pure gold has come down to ₹ 1,46,000 per 10 grams in the bullion market of the capital Delhi. Just a day before this (on Friday), a huge one-time fall of ₹ 2,840 was recorded in the price of gold of 99.9 percent purity in the Delhi market, after which it fell from ₹ 1,50,600 to close around ₹ 1,47,760 and today this recession has further increased. Spot gold is currently trading at $ 4,148.45 per ounce in the international market.
Gold price today in 10 big cities of the country (Gold Rate Chart Today)
The new retail rates of 22 carat and 24 carat gold per 10 grams in the morning of June 20, 2026 in major metros and big cities of India are as follows:
| City | Today’s price of 22 carat gold (₹) | Today’s price of 24 carat gold (₹) |
| Delhi | ₹1,33,840 | ₹1,46,000 |
| Mumbai | ₹1,33,690 | ₹1,45,850 |
| Kolkata | ₹1,33,690 | ₹1,45,850 |
| Lucknow | ₹1,33,840 | ₹1,46,000 |
| Jaipur | ₹1,33,840 | ₹1,46,000 |
| Chandigarh | ₹1,33,840 | ₹1,46,000 |
| Ahmedabad | ₹1,33,740 | ₹1,45,900 |
| Bhopal | ₹1,33,740 | ₹1,45,900 |
| Hyderabad | ₹1,33,690 | ₹1,45,850 |
| Pune and Bengaluru | ₹1,33,690 | ₹1,45,850 |
| Chennai | ₹1,35,690 | ₹1,48,030 |
Note: Gold prices in Chennai remain at a slight premium (₹1,48,030) compared to other cities due to strong South Indian bullion demand, while prices in Mumbai, Kolkata and Hyderabad are trending exactly the same. The above prices do not include state local VAT, jewelery making charges and 3% GST. Contact your nearest jeweler for exact retail price.
Why is there such a big recession in gold? 2 main global reasons
Mainly two big international economic triggers are behind this historic fall in gold and silver prices that has continued for the last three days:
1. Dollar Index (DXY) at a new one-year record high
The strength of the US dollar has increased unexpectedly in the global currency market. The Dollar Index, which shows the strength of the greenback against the world’s six major currencies, has reached a new one-year high (1-Year High). Since gold is traded in dollars in the international market, it becomes expensive for foreign investors to buy gold when the dollar strengthens, which reduces global demand and puts pressure on prices.
2. Indications from the US Federal Reserve to increase interest rates again
The recent statements of Kevin Warsh, the newly appointed Chairman of the US Central Bank Federal Reserve (US Fed), have scared gold investors. Warsh has given clear indications that if the US labor market and the domestic economy remain strong, then interest rates can be increased once again in the second half of the year 2026.
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Status of interest rates: In the recent monetary policy meeting of June 2026, the Federal Reserve has raised its benchmark interest rates. Fixed at 3.5% – 3.75% Had kept. According to economists, when interest rates are at high levels or are likely to rise, investors are attracted to riskier government bonds (yields) and move their money out of non-interest-bearing safe assets like gold.
Heavy crash in silver prices also; Price came below ₹2.50 lakh
Following the path of gold, a big crash has also been seen in silver, a precious metal falling in the category of industrial metals, today. On June 20, the price of silver in the domestic market has fallen to ₹ 2,49,900 per kg, which is below the psychological level of ₹ 2.5 lakh. At the same time, the price of spot silver in the international market is currently trending at $ 64.73 per ounce. The main reason for this recession in silver is the slowdown in global industrial demand and the strength of the dollar.
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