Gold prices witnessed a slight decline on June 22, offering some relief to buyers planning to invest in the precious metal. After remaining largely stable in the previous trading session, gold rates eased marginally across major cities as global market sentiment remained influenced by expectations of higher interest rates in the United States and a stronger US dollar.

Market analysts believe that signals from the US Federal Reserve regarding the possibility of maintaining elevated interest rates have reduced the appeal of non-yielding assets such as gold. A stronger dollar has also added pressure to international gold prices, contributing to the latest correction in domestic markets.

Despite the recent decline, gold continues to trade at historically elevated levels, although prices have now slipped below the ₹1.50 lakh mark per 10 grams in several cities.

Why Gold Prices Are Falling

The precious metal has come under pressure due to a combination of global factors:

• Expectations of prolonged higher interest rates in the United States.
• Strengthening of the US dollar against major currencies.
• Reduced investor demand for non-interest-bearing assets.
• Profit booking after recent record highs.

Before the current phase of consolidation, gold prices had witnessed strong gains. However, over the past few sessions, the market has seen some correction, resulting in lower prices across major Indian cities.

Latest Gold Rates in Major Indian Cities

Here are the latest prices for 24-carat, 22-carat, and 18-carat gold (per 10 grams) across key cities in India.

Among the listed cities, Chennai currently has the highest gold prices, while Mumbai, Kolkata, Bengaluru, and Hyderabad are trading at relatively lower levels.

Silver Prices Continue to Ease

Silver prices also remained under pressure after witnessing a sharp correction in recent sessions.

Following two days of stability, silver prices declined again on June 22. The metal had already experienced substantial losses earlier, making it one of the most volatile commodities in the precious metals segment.

Latest Silver Prices

Among the major metro cities, Chennai continues to record the highest silver price, trading ₹5,000 per kilogram above Delhi, Mumbai, and Kolkata.

What Buyers Should Know Before Purchasing Gold

Experts suggest that investors and jewellery buyers should monitor both domestic and international market developments before making purchasing decisions.

Important factors influencing gold prices include:

• US Federal Reserve policy decisions.
• Dollar index movements.
• Global geopolitical developments.
• Inflation trends.
• Demand during wedding and festive seasons.

For jewellery purchases, buyers should also compare rates across multiple retailers and check additional charges such as making charges, GST, and hallmark certification costs.

Outlook for Gold and Silver

While short-term volatility may continue due to global economic uncertainty and central bank policy signals, analysts believe precious metals will remain closely watched by investors seeking portfolio diversification and a hedge against long-term risks.

With gold trading below the ₹1.50 lakh level and silver witnessing fresh corrections, market participants are keeping a close eye on upcoming economic data and international developments that could influence the next major price movement.