Gold Rate Today, June 11, 2026: Gold Prices Tumble Sharply on Thursday; 24K Sheds ₹4,320 per 10 gram As Rising Macro Tensions Fail to Attract Safe-Haven Buying

Mumbai, June 11: Gold prices in India fell sharply on Thursday, recording one of the steepest single-session declines in recent weeks despite an escalating exchange of strikes between the US and Iran started overnight. Bullion, long regarded as the ultimate safe haven in times of geopolitical stress, failed to attract the flight-to-safety buying.  

The national price of 24-karat gold (99.9% purity) plunged to ₹1,48,850 per 10 grams, shedding ₹4,320 from Wednesday’s ₹1,53,170. The 22-karat rate (91.6% purity) fell to ₹1,36,440 per 10 grams, down ₹3,970 from Wednesday’s ₹1,40,410. The 18-karat price (75% purity) eased to ₹1,11,630 per 10 grams, declining ₹3,250 from Wednesday’s ₹1,14,880. On a per-gram basis, 24K gold now stands at ₹14,885, 22K at ₹13,644 and 18K at ₹11,163. 

Thursday’s ₹4,320 fall in 24K is the sharpest single-session decline since the post-tariff correction began in mid-May and reflects a sharp swing in market sentiment. The United States launched new strikes against multiple targets overnight in Iran, the US military said on Wednesday, as President Donald Trump vowed even more attacks if no peace deal is secured.  

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A modestly firmer US dollar added further pressure, as dollar-denominated gold typically faces headwinds when the greenback strengthens. The cumulative correction in 24K gold from its post-tariff high now represents a significant retracement, and analysts will be watching closely whether Thursday’s sharp drop signals a fresh leg lower or an overshoot that attracts buyers at the ₹1,48,000–₹1,50,000 range. 

City-Wise Gold Rates: Southern and Western India 

Chennai retained its position as India’s most expensive gold market on Thursday, quoting 24-karat gold at ₹1,50,540 per 10 grams, 22-karat at ₹1,37,990 and 18-karat at ₹1,15,690 — declining sharply in line with the national rate. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all uniformly pegged at the national benchmark of ₹1,48,850 for 24-karat, ₹1,36,440 for 22-karat and ₹1,11,630 for 18-karat gold per 10 grams, each falling proportionally from Wednesday’s close. 

Also Read: How to Invest in Gold Online 

Delhi quoted 24-karat at ₹1,49,000 per 10 grams, 22-karat at ₹1,36,590 and 18-karat at ₹1,11,780, while Vadodara and Ahmedabad were both at ₹1,48,900 for 24-karat, ₹1,36,490 for 22-karat and ₹1,11,680 for 18-karat gold per 10 grams. Across all cities Thursday’s uniform and proportional declines confirm the move was driven by macro forces. 

Source

• goodreturns.in | Thursday, June 12, 2026