Gold Rate Today, June 19, 2026: Gold Price Tumbles ₹5,240 per 10 gram on Friday as Iran Ceasefire Signing Triggers Sharp Sell-Off

Mumbai, June 19: Domestic gold prices plummeted Friday by one of the widest daily margins in recent weeks. The bullion took a battering across the board after overnight news that the US and Iran signed the interim ceasefire agreement removed fears of escalated conflict, sparking a massive sell-off. 

Domestic rates for 10 grams of 24 karat gold (99.9% purity) crashed ₹5,240 to ₹1,45,860. The 10-gram price for 22 karat gold (91.6% purity) slipped ₹4,800 to ₹1,33,700, and rates for 18 karat gold (75% purity) slumped ₹3,930 to ₹1,09,390. 

Friday’s rout wiped out most of this week’s Iran deal gains: Gold prices had rallied ₹5,900 per 10 grams on Monday, in an instant referendum on the ceasefire pact brokered between the US and Iran. Traders point to bitter irony in gold’s wild week: Once again, geopolitical risk played a major role in pushing prices through the roof, but this time in reverse. Iran signed the deal earlier today, effectively ending hostilities for at least six months and sending prices plummeting on relief the conflict may not escalate any further. 

Check list of Gold ETFs in India 

Gold fell victim to the broader unwind in safe-havens trading after Iran agreed to halt its nuclear programme in exchange for relief from economic sanctions, clearing the way for the Strait of Hormuz to reopen, sending oil prices reeling lower and lifting investor spirits. Adding to gold’s woes was Wednesday’s hawkish surprise from the US Federal Reserve, with nearly half its officials now pencilling in a rate hike this year. Higher rates boost the opportunity cost of holding non-yielding bullion and support the dollar, in which gold is priced. 

Benchmark gold rates declined across India’s key trading hubs. In Chennai, where gold traditionally commands a strong premium due to inelastic demand from the city’s gold jewellers, 10 grams of 24 karat gold fell ₹5,340 to ₹1,48,040. The rate for 22 karat gold declined ₹4,900 to ₹1,35,700 and 18 karat fell ₹4,200 to ₹1,13,500, all down steeply from their previous close of ₹1,53,380, ₹1,40,600 and ₹1,17,700 respectively. 

In Delhi, gold softened to ₹1,46,010 per 10 grams for 24 karat, ₹1,33,850 for 22 karat gold and ₹1,09,540 for 18 karat, easing from their previous close of ₹1,51,150, ₹1,38,750 and ₹1,13,470 respectively. Vadodara and Ahmedabad both declined to ₹1,45,910 each for 10 grams of 24 karat gold. 

Also Read: How to Invest in Gold for Beginners: Simple Start Guide 

Friday’s gold prices in Mumbai Kolkata, Bangalore, Hyderabad, Kerala and Pune were in-line with national rates: ₹1,45,860 for 24 karat gold, ₹1,33,700 for 22 karat and ₹1,09,390 for 18 karat per 10 grams. The rates mentioned above are indicative. Price quoted by jewellers will vary based on making charges and GST at 3% will be applied on the final transaction value. TCS will be levied separately over and above the quoted price for the metal. 

10 gm Gold Rates Across Major Indian Cities — Friday, June 19, 2026 

Source: 

• goodreturns.in | Rates as of Friday, June 19, 2026. Thursday rates sourced from goodreturns.in, June 18, 2026. All rates are indicative and subject to local taxes, making charges and GST at 3%.