Gold and silver prices traded lower in the Indian bullion market on June 29, 2026, following weakness in global cues and a stronger US dollar. The dip comes after a recent rally, with investors booking profits and awaiting clarity on US Federal Reserve policy. Gold slipped marginally, while silver also eased but remained supported by industrial demand.
In the domestic market, 24K gold was quoted around ₹14,394–₹14,395 per gram, while 22K gold hovered near ₹13,194–₹13,195 per gram. Silver prices stood at approximately ₹240 per gram, or ₹2,40,000 per kilogram. City-wise, Delhi recorded 22K gold at ₹13,250 per gram, Mumbai and Kolkata at ₹13,100, and Chennai slightly higher at ₹13,369 due to local demand variations.
Analysts noted that gold has declined by nearly 5.5% over the past 10 days, pressured by a firm dollar and expectations of tighter monetary policy. Silver, however, continues to find support from industrial sectors such as electronics and solar energy, keeping its downside limited. Traders believe upcoming festive demand in July and August could provide a boost to bullion prices.
The market outlook remains cautious, with volatility expected to persist as global economic signals and currency movements influence investor sentiment. Buyers may view the current dip as an opportunity ahead of seasonal demand.
