Gold, Silver Rates Drop Today: Check latest rates in your cities
In the national capital, retail 24-karat gold settled near Rs 1,43,050 per 10 grams, while industrial and retail silver prices experienced intense downward pressure, correcting significantly compared to late May highs.
Retail gold prices across India registered minor to moderate corrections on Monday morning, extending relief to domestic jewellery buyers after a highly volatile month. In the national capital, retail 24-karat gold settled near Rs 1,43,050 per 10 grams, while industrial and retail silver prices experienced intense downward pressure, correcting significantly compared to late May highs.
Market experts point to a combination of easing geopolitical friction—specifically cooling tensions between the US and Iran—and a hawkish stance by the US Federal Reserve, which has strengthened the US dollar and pushed investors away from safe-haven assets.
Daily Retail Rates in New Delhi (June 29, 2026):
In the retail market, bullion is traded primarily across two purity segments: 24-karat (99.9% pure, typically used for investment bars) and 22-karat (91.6% pure, alloyed with durable metals for jewellery making).
Precious Metal Variety Market Rate (New Delhi):
24-Karat Gold (Per 10 Grams) – Rs 143,050
22-Karat Gold (Per 10 Grams) – Rs 131,129
Silver 999 Fine (Per 1 Kilogram) – Rs 211,290
According to data monitored by the All-India Bullion and Jewellers Association (IBJA), today’s price levels reflect a notable 30-day cool-off. Since May 29, 24-karat gold has dropped by over Rs 15,000 per 10 grams from its previous historic high of Rs 1,57,043, while silver has recorded a substantial monthly plunge of over Rs 41,000 per kilogram.
Key Drivers Behind the Price Correction:
1. The de-escalation of a potential military blockade in the Middle East has significantly reduced the demand for gold as a crisis hedge, allowing global spot markets to normalize.
2. Persistent inflationary concerns in western economies have led the Federal Reserve to signal sustained high-interest rates. Higher yields on dollar-backed assets weaken non-yielding assets like gold and silver.
3. Leading domestic jewellery recyclers report a forty percent surge in consumers selling or exchanging older gold holdings to lock in profits, boosting local inventory levels.
While the current correction might concern short-term investors who entered the market at its peak, market analysts suggest that the lower entry point presents a strategic window for long-term retail buyers looking ahead to the upcoming festive and wedding seasons.
