India's gold and silver prices dip then rebound amid rupee weakness

In the week to June 19, 2026, India’s 24‑carat gold futures on the Multi Commodity Exchange fell by about ₹10,070 per 10 grams, settling around ₹145,000 per 10 g, while silver prices slipped roughly ₹30,400 per kilogram to about ₹2.33 lakh. The decline was attributed to global factors, ETF withdrawals and expectations of higher‑for‑longer U.S. interest rates.

By June 22, 2026, bullion prices recovered: gold rose ₹1,700 to roughly ₹152,300 per 10 g, ending a four‑day losing streak, and silver jumped ₹4,800 to ₹2.45 lakh per kilogram. Traders linked the rebound to a weaker rupee, renewed global market optimism and progress in U.S.–Iran talks, though analysts cautioned that future gains could be capped by U.S. monetary policy expectations.