Gold Prices Extend Weekly Losses as Global Uncertainty Eases
Gold prices in India witnessed a decline on June 19, 2026, marking the third consecutive weekly drop. According to market data, 24-carat gold is priced…
In Brief: Gold prices in India witnessed a decline on June 19, 2026, marking the third consecutive weekly drop. According to market data, 24-carat gold is priced at ₹14,586 per gram, while 22-carat and 18-carat gold stand at ₹13,370 and ₹10,939 per gram, respectively.
Key Points
- 24K gold dropped by ₹365 to ₹14,586 per gram.
- 22K and 18K gold declined to ₹13,370 and ₹10,939 per gram, respectively
- Gold prices have fallen by more than 1% this week.
- Easing geopolitical tensions after the US-Iran peace agreement and the reopening of the Strait of Hormuz have contributed to softer prices.
- The government has increased the basic customs duty on gold and silver from 5% to 10%, impacting domestic rates.
Background
The latest correction comes amid easing geopolitical concerns after the United States and Iran reached a preliminary peace agreement, reducing uncertainty in global markets. Improved stability and the reopening of key trade routes have also helped cool energy prices, influencing precious metal rates. Despite the recent decline, gold continues to remain a preferred safe-haven asset for investors. Domestic prices are influenced by several factors, including international trends, import duties, currency movements, and changes in crude oil prices. With market sentiment shifting and policy changes affecting imports, investors will continue to watch global developments closely for further direction in gold prices.