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Gold prices jump after a US Iran deal to end the war, 24K gold near Rs 1,51,520 per 10 grams in major Indian cities, MCX gold and silver futures trade slightly lower
Gold, silver prices today
Gold Price Today, June 16: Gold prices fell marginally on Tuesday, following the announcement of a deal between the United States and Iran to end the conflict that has rattled global markets and stoked inflation over the past few months. In Delhi, prices of 24K stood at Rs 1,51,520 per 10 grams, while that of 22K at Rs 1,38̮,900.
MCX gold futures for August 2026 delivery traded at Rs 1,52,789 per 10 grams, dropping 0.08 per cent, at around 10:30 am. Silver prices also edged higher, with MCX silver futures for July 2026 delivery trading at Rs 2,49,623 per kg, down 0.73 per cent.
Oil prices cooled off further to touch $80 per barrel mark after the United States and Iran signed a memorandum of understanding aimed at ending the ongoing war. The breakthrough is expected to bring significant relief in the opening of the Strait of Hormuz, which has been closed since the beginning of the war in late February 2026.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On June 16?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,38̮,900 | Rs 1,51,520 |
| Jaipur | Rs 1,38̮,900 | Rs 1,51,520 |
| Ahmedabad | Rs 1,38̮,800 | Rs 1,51,480 |
| Pune | Rs 1,39,750 | Rs 1,51,370 |
| Mumbai | Rs 1,39,750 | Rs 1,51,370 |
| Hyderabad | Rs 1,39,750 | Rs 1,51,370 |
| Chennai | Rs 1,39,750 | Rs 1,51,370 |
| Bengaluru | Rs 1,39,750 | Rs 1,51,370 |
| Kolkata | Rs 1,39,750 | Rs 1,51,370 |
US and Iranian officials said on Sunday they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz.
The pact will be officially signed on Friday in Switzerland, Pakistani Prime Minister Shehbaz Sharif said in a post on X.
The US dollar fell to a 10-day low, making greenback-priced bullion cheaper for other currency holders, while oil prices slipped more than 4%.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
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