Gold Rate Today, June 29, 2026: Gold Price Rebounds ₹3,810 per 10 gram as Safe-Haven Demand Returns After Last Week’s Peace-Deal Selloff

Mumbai, June 29: Gold opened strong on Monday and kicked off the week on a recovery note, after last week Thursday’s massive ₹4,200-single session fall that took the shine off an already brutal four-day losing streak. 

National price of 10 grams of gold for 24 karat (99.9% purity) jumped to ₹1,43,940, up by ₹3,810 from Thursday’s closing price of ₹1,40,130. The price of 22 karat gold (91.6% purity) scaled ₹1,31,940 per 10 grams, rising ₹3,490 on Thursday’s price of ₹1,28,450. The 18 karat rate (75% purity) scaled ₹1,07,950 per 10 grams, up by ₹2,850 from Thursday’s close at ₹1,05,100. 

Market participants took Monday’s sharp bounce as a sign that last week’s Iran ceasefire induced selloff might have overshot on the downside, with buyers who sat on the fence during the correction finally coming back into the market to view the dip as buying opportunity instead of the beginning of a deeper sustained fall. 

The bounce-back is happening even though Iran and the US ceasefire framework agreed last week in Switzerland remains firmly in place, indicating that Gold may no longer be trading solely on geopolitical tensions alone. Bullion is now finding additional support from other macroeconomic factors too. Federal Reserve Chair Jerome Powell’s hawkish commentary at last week’s FOMC meeting — affirming that rates may not be cut as many times as markets were pricing in — has only added to Gold’s safe-haven credentials as investors increasingly brace for a higher-for-longer interest rate scenario. Dollar weakness during the weekend also lent support to gold prices as a softer USD makes dollar-denominated gold cheaper for overseas buyers indirectly boosting imports into India and lending floor to domestic prices. In India, pre-festive stocking by jewellers and fresh institutional buying are lending further support to prices as gold starts the week higher. 

In terms of geographic price variation across Indian cities, Chennai gold rates were the costliest in the country by a wide margin. The price of 24 karat gold in Chennai is quoted at ₹1,45,850 for 10 grams, 22 karat at ₹1,33,690 and 18 karat at ₹1,11,440 – a premium of ₹1,910 over the national 24 karat benchmark price. This price differential is attributed to Tamil Nadu’s local taxes and bullion trader associations general pricing guidelines. Delhi saw 24 karat gold quoted marginally higher than the national price at ₹1,44,090 for 10 grams, ₹1,32,090 for 22 karat gold and ₹1,08,100 for 18 karat gold — a slim premium of ₹150 over the national price, as has historically been case with Delhi. Gold in Vadodara and Ahmedabad was available at ₹1,43,990 for 24 karat, ₹1,31,990 for 22 karat and ₹1,08,000 for 18 karat per 10 grams — a ₹50 premium over national prices — maintaining Gujarat’s historically narrow premium band. 

Meanwhile, gold rates in Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune perfectly mirrored the national price across the 24 karat, 22 karat and 18 karat bands at ₹1,43,940, ₹1,31,940 and ₹1,07,950 per 10 grams respectively. Buyers in these cities enjoy parity with national prices as gold opened this week. 

As always, the aforementioned rates are indicative of only. Actual prices charged by jewellers include GST at 3% and making charges charged by jewellers which vary from ₹3,000 to ₹15,000 per 10 grams based on design complexity and the jeweller one shops from. 

10 gm Gold Rates Across Major Indian Cities — Monday, June 29, 2026 

Source

•  goodreturns.in | Rates as of Monday, June 29, 2026. Thursday rates sourced from goodreturns.in, June 25, 2026. All rates are indicative and subject to local taxes, making charges and GST at 3%.