Key facts
- Gold prices increased on June 15, 2026, across major Indian cities and jewelry brands.
- A US-Iran peace framework has influenced market sentiment, impacting oil and the dollar.
- The probability of a December Fed rate hike has decreased.
- Indicative IBJA retail selling rates for 999 fine gold were Rs 15,017 per gram on June 15, 2026.
- 22k gold jewellery prices from brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas were reported across multiple cities.
Gold prices saw an upward movement on June 15, 2026, across various Indian cities and leading jewelry brands, including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas. This rise follows a recent trend of weekly declines in precious metals, influenced by inflation data and European Central Bank rate hikes.
However, a potential US-Iran peace framework, slated for signing in Switzerland, triggered a market recovery early in the week. This development led to a decrease in oil prices by over 4% and pushed the US dollar to a 10-day low. Consequently, the probability of a Federal Reserve rate hike in December has fallen to 48% from 69%.
As of June 15, 2026, gold was trading near $4,330, with key resistance levels identified at $4,500–$4,550 and support at $4,242. Silver was holding above $70, targeting $72–$75, with support at $65–$66.
In India, Tanishq's price for 22-karat gold jewellery was Rs 13,935 per gram in cities like New Delhi, Chennai, Trivandrum, Kolkata, Bengaluru, Mumbai, and Hyderabad. This represents an increase from the Rs 13,710 per gram recorded on June 13, 2026. Other major brands like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas offered 22k gold jewellery at Rs 13,890 per gram in these cities, up from Rs 13,665 per gram on June 13, 2026.
The India Bullion and Jewellers Association (IBJA) reported indicative retail selling rates for June 15, 2026 (AM rates), with 999 fine gold at Rs 15,017 per gram, 22 KT at Rs 14,657 per gram, 20 KT at Rs 13,365 per gram, 18 KT at Rs 12,164 per gram, and 14 KT at Rs 9,686 per gram. Silver was priced at Rs 2,51,011 per kg. These rates exclude GST and making charges, and IBJA does not update rates on weekends.