Gold and Silver Prices in India Today, 22 June 2026: 24K Gold Climbs to ₹1,48,920, Silver Jumps 2.33% to ₹2,39,300 as Bullion Rebounds After Last Week’s Fed Shock

Gold and silver prices in India recovered on Monday, 22 June 2026, after a turbulent week dominated by the US Federal Reserve's hawkish stance under new Chair Kevin Warsh. As of 1:05 PM IST, 24K gold is trading at ₹1,48,920 per 10 grams, up ₹1,370 or 0.93% from yesterday, and silver 999 Fine is at ₹2,39,300 per kg, up a sharp ₹5,450 or 2.33%, according to Bullions.co.in. The bounce comes even as the broader narrative remains cautious, with gold and silver still digesting last week's sharp correction triggered by the Fed's updated rate projections, which signalled a greater likelihood of a rate hike later this year.

Quick Snapshot

Source: Bullions.co.in. Last updated 22 Jun 2026, 1:05 PM IST.

City-Wise Gold and Silver Rates Today, 22 June 2026

Prices vary across cities due to state taxes, local duties, and logistics costs.

Rates are indicative bullion prices as of 22 June 2026, 1:05 PM IST. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 20 June 2026: 24K Gold Holds at ₹1,47,530, Silver at ₹2,33,820 as MCX Stays Shut for the WeekendGold and silver prices in India today, 20 June 2026: 24K gold held steady at ₹1,47,530 per 10g and silver at ₹2,33,820 per kg, as the MCX remained shut for the weekend following Friday’s sharp Fed-driven sell-off. Check city-wise rates and Friday’s closing MCX data.StartupTalky- Business News, Insights and StoriesMuskaan Kapoor

Gold Rate Analysis Today

24K gold is trading at ₹1,48,920 per 10 grams today, up ₹1,370 or 0.93% from yesterday's ₹1,47,550. This marks a welcome recovery after gold spent much of last week under pressure, having tumbled close to 7% in June so far on the back of a stronger dollar and rising rate hike expectations.

Gold and silver prices remained under pressure for most of last week as investors booked profits after a strong rally earlier this year, with domestic bullion markets mirroring weakness in global precious metals. The latest correction had come amid easing geopolitical tensions following ongoing US-Iran peace negotiations, a firmer dollar, and cautious sentiment ahead of major central bank policy signals. Despite the pullback, gold remains one of the best-performing asset classes over the past year, delivering double-digit returns for long-term investors.

On COMEX, gold is trading at $4,215.20 per ounce today, down 0.72% intraday, with a session high of $4,238.10 and a low of $4,138.70. While the international price shows mild weakness, the domestic MCX and retail rates are seeing a stronger bounce, partly reflecting some rupee-driven support and partly a catch-up after last week's sharp falls.

Historically, higher interest rates strengthen the US dollar and increase bond yields, reducing the appeal of non-interest-bearing assets like gold. However, if inflation remains elevated despite rate hikes, gold can continue to find support as an inflation hedge, which may be cushioning today's recovery even as the broader rate outlook stays hawkish.

Silver Rate Analysis Today

Silver 999 Fine is trading at ₹2,39,300 per kg today, up sharply by ₹5,450 or 2.33% from yesterday's ₹2,33,850. Silver is once again outperforming gold in percentage terms during today's recovery, continuing its pattern of higher volatility in both directions.

On COMEX, silver is up 0.56% to $66.69 per ounce, with a session high of $67.23 and a low of $63.36. The domestic silver rally is considerably sharper than the international move, suggesting some of today's gain reflects retail and MCX rates catching up after a turbulent previous week, when silver had crashed sharply amid Fed-driven selling pressure across Delhi, Mumbai, Chennai, Hyderabad, and other major cities.

Despite today's bounce, silver remains down nearly 5.3% over the past week and over 12% compared to a month ago, underlining just how volatile the metal has been through June. Unlike gold, silver carries an additional industrial demand dimension, tied closely to sectors like solar panels and electronics, which tends to amplify its price swings whenever sentiment shifts around global growth and interest rate expectations.

MCX Futures Data Today, 22 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Source: Bullions.co.in Live Exchange Rates. Last updated 22 Jun 2026, 1:05 PM IST.

Both MCX gold and silver are firmly in positive territory today, with silver's 2.13% gain notably outpacing gold's 0.95% rise. The wide intraday range on gold, from a low of ₹1,45,110 to a high of ₹1,48,822, shows a strong recovery through the session after a weak opening. This kind of sharp reversal often reflects short covering, where traders who had bet on further declines are buying back their positions, adding fuel to the rally. The coming sessions will be important to confirm whether this is the start of a more durable recovery or a temporary bounce within a broader downtrend.

Key Factors Influencing Prices Today

• Recovery After Last Week's Fed-Driven Sell-Off: Gold and silver had crashed sharply last week after the Fed’s updated rate projections under Kevin Warsh signalled a higher probability of a rate hike later this year. Today’s bounce reflects some stabilisation after that sharp correction, though the underlying hawkish stance has not changed.
• Profit-Booking Unwinding: Last week’s correction was partly driven by investors booking profits after a strong rally earlier this year. With much of that unwinding now complete, today’s session is seeing renewed buying interest at lower levels.
• Mixed COMEX Signals: While COMEX gold is down slightly today, COMEX silver is modestly higher. The stronger domestic rally compared to international cues suggests rupee dynamics and short covering are playing a larger role in today’s move than fresh global buying.
• Gold's Inflation Hedge Appeal: Historically, higher interest rates reduce the appeal of non-yielding assets like gold. However, if inflation stays elevated despite a hawkish Fed, gold can continue to find support as an inflation hedge, which may be providing some cushion even amid rate hike concerns.
• Silver's Dual Demand Drivers: Silver’s sharper recovery today reflects its dual role as both an investment asset and an industrial metal. Any improvement in sentiment around global growth or manufacturing activity tends to lift silver more than gold in percentage terms.

Smart Buying Tips

• Treat today's bounce as a partial recovery, not a trend confirmation. Gold is still down nearly 2.8% over the past week and silver over 5%, despite today’s gains. Wait for a few more sessions of stability before treating this as a durable reversal.
• Use staged buying through periods of volatility. Given the sharp swings over the past two weeks, splitting purchases over several sessions remains the safer approach compared to a single lump-sum investment.
• Watch for further commentary from Fed Chair Kevin Warsh. His remarks in the coming days will be key in determining whether markets continue pricing in a rate hike or pull back from that view, which will directly influence gold and silver.
• Always insist on BIS hallmarking. Every piece of gold jewellery should carry a six-digit HUID confirming government-certified purity, an important check regardless of near-term price swings.

FAQs

Why did gold and silver rise today after last week's sharp fall?

Today's recovery reflects some stabilisation after last week's correction, which was driven by profit-booking and the Fed's hawkish rate projections under Chair Kevin Warsh. With much of that selling pressure now exhausted, buyers have stepped back in at lower levels, particularly in silver, which is rebounding more sharply than gold.

Is the Fed's hawkish stance over now that prices have recovered?

No, the underlying hawkish stance from the Federal Reserve has not changed. Today's bounce is more a reflection of short-term stabilisation and short covering after a sharp sell-off, rather than a shift in the Fed's policy outlook. Markets will continue to watch incoming data and Fed commentary closely.

Should I buy gold or silver after today's recovery?

Both metals remain well below their levels from a week and a month ago, despite today's gains. Investors with a long-term horizon may consider this an opportunity for staged buying, but given the volatility seen over the past fortnight, it may be wise to wait for a few more sessions of stability before making a large purchase.

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