June 25, 2026: The Indian bullion market witnessed a sharp correction today, with both gold and silver prices registering a downward trend for the third consecutive session. Under pressure from weak global cues and a strengthening US Dollar, precious metals are facing significant selling pressure in the domestic market. If you are planning to purchase gold for weddings, festivals, or investment purposes today, keeping track of local retail rates and market trends is essential.
Let’s take a comprehensive look at the live retail rates for 24-carat (99.9% purity), 22-carat (91.6% purity) gold, and 999 purity silver across India’s major metros—Delhi, Mumbai, and Kolkata—on June 25, 2026.
Indian Bullion Market Overview: Today’s Price Movement
Throughout June 2026, a visible cooling of geopolitical tensions and a hawkish stance by the US Federal Reserve have triggered a correction in gold prices. In the domestic retail market, 24-carat gold has edged closer to the ₹1,40,000 per 10 grams mark. This price drop brings a sigh of relief to retail buyers who had deferred their purchases over the past few weeks due to skyrocketing rates.
City-Wise Retail Gold Rates Today: 24K vs. 22K
Gold prices differ across states and cities in India due to varying local factors such as state taxes, octroi, transport costs, and local bullion association regulations. The table below represents the current live retail rates across major metros:
| City | 24-Carat Gold (₹/10 grams) | 22-Carat Gold (₹/10 grams) |
| New Delhi | ₹1,40,540 | ₹1,28,828 |
| Mumbai | ₹1,40,780 | ₹1,29,048 |
| Kolkata | ₹1,40,590 | ₹1,28,874 |
| Chennai | ₹1,41,640 | ₹1,29,837 |
Gold Price in New Delhi Today
In the national capital, gold prices slid further today. The retail price for 24-carat pure gold stands at ₹1,40,540 per 10 grams. Concurrently, 22-carat gold, which is most widely used for crafting traditional jewelry, is trading at ₹1,28,828 per 10 grams.
24-Carat and 22-Carat Gold Rates in Mumbai
In the financial capital, Mumbai, gold rates are holding a marginal premium compared to Delhi. Today, the retail rate for 24-carat gold is recorded at ₹1,40,780 per 10 grams, while the 22-carat jewelry-grade gold is priced at ₹1,29,048 per 10 grams.
Kolkata Bullion Market Update
The bullion market in Kolkata mirrored the national downward trend. The city recorded the price of 24-carat gold at ₹1,40,590 per 10 grams, while 22-carat retail gold stabilized at ₹1,28,874 per 10 grams.
Read Also: Gold and Silver Prices Plunge: Major Correction in Delhi Bullion Market
Silver Price Action: Latest Rates for 999 Purity Silver
Silver has mirrored gold’s downward trajectory, experiencing heavy liquidation this week. A slowdown in global industrial demand alongside the Dollar Index climbing past the 101.50 mark has pulled domestic silver prices down.
- Silver Rate in Mumbai: ₹2,15,940 per kg
- Silver Rate in Delhi: ₹2,15,570 per kg
- Silver Rate in Kolkata: ₹2,15,650 per kg
Note: The retail rates mentioned above are indicative and do not include the mandatory 3% GST (Goods and Services Tax), making charges, or TCS. The final invoice generated by your local jeweler will include these additional costs.
MCX and Global Market Insights: Why Are Prices Falling?
On the Multi Commodity Exchange (MCX), August gold futures showed a slight intra-day recovery, trading around ₹1,41,400 per 10 grams, though it remains substantially lower than its recent all-time high. In the international market, spot gold at COMEX and Singapore shed roughly 0.5%, hovering near $3,980 per ounce.
Key Factors Behind the Price Drop:
- Hawkish US Fed Outlook: The US Federal Reserve Chairman hinted at potential interest rate hikes by September to curb sticky inflation. Higher interest rates increase bond yields, reducing the appeal of non-yielding assets like gold.
- Surging US Dollar: The US Dollar Index has rallied to a multi-month high. A stronger dollar makes dollar-denominated gold more expensive for buyers utilizing other currencies, suppressing global demand.
- Cooling Crude Oil Prices: Progress in international diplomatic talks has pulled crude prices down to pre-escalation levels, easing global inflationary pressures and weakening gold’s demand as a primary inflation hedge.
Smart Buyer’s Checklist: Points to Consider Before Buying Gold
If you plan to capitalize on this price correction, make sure to keep these vital points in mind:
- Verify the Hallmarking: Never purchase gold without checking the BIS 6-digit alphanumeric HUID code. It serves as the government-backed guarantee of the metal’s exact purity.
- Understand Carat Classifications: 24-carat gold is 99.9% pure but is too soft to craft durable everyday ornaments. For jewelry, opt for 22-carat (91.6% pure) or 18-carat (75% pure) gold.
- Negotiate Making Charges: Jewelry making charges can vary drastically from 5% to 25% depending on the retailer and design complexity. Remember that bargaining on making charges is common practice.
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Frequently Asked Questions (FAQs)
Q1. Which city offers the lowest gold price in India today (June 25, 2026)?
According to today’s market data, among the major metros, New Delhi features the lowest retail rates with 24-carat gold priced at ₹1,40,540 per 10 grams, whereas prices remain slightly higher in southern cities like Chennai.
Q2. What is the difference between digital gold and physical gold prices?
Digital gold is bought at live institutional market rates (24K purity) without upfront making charges. However, a 3% GST remains applicable to digital gold purchases just like physical gold.
Q3. Will gold prices drop further in the coming days?
Market analysts suggest that until the US Federal Reserve provides explicit clarity on its interest rate trajectory and the Dollar Index stabilizes, gold and silver prices are expected to exhibit range-bound volatility with a slight downward bias.
Conclusion
The price correction on June 25, 2026, presents an opportunistic window for long-term investors looking to accumulate pure gold (via Gold ETFs or Sovereign Gold Bonds) or families preparing for upcoming wedding seasons. However, given the inherent macro-economic volatility, accumulating precious metals in a staggered or systematic manner remains the most prudent financial approach.
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