Gold Prices Hold Steady in India, June 18: 24K at ₹15,120/gram

Gold prices held flat across India on June 18, 2026, with 24K gold trading at ₹15,120 per gram and 22K at ₹13,850 per gram. No price movement occurred compared to the previous day. The stability comes as global crude oil prices fell following the US-Iran peace framework, which typically supports gold demand in India as a safe-haven asset.

Current Gold Rates Across Purity Levels

On June 18, 2026, gold prices in India showed no change from the previous day. 24K pure gold traded at ₹15,120 per gram, while 22K gold remained at ₹13,850 per gram. Lower purity grades also held steady: 18K gold stayed at ₹11,340 per gram and 14K at ₹8,815 per gram. These rates apply across major Indian cities including Maharashtra and Rajasthan.

Why Oil Prices Matter for Gold

Brent crude fell to $78.90 per barrel on June 18 after the US-Iran peace agreement reopened the Strait of Hormuz. Lower oil prices typically strengthen the Indian rupee, which makes imported gold cheaper for local buyers. The rupee appreciated 10 paise to close at 94.50 against the US dollar on June 17, supported by falling crude costs and positive domestic equities.

Gold Performance Over the Past Week

Over the past 10 days, 24K gold averaged ₹14,995 per gram, while 22K averaged ₹13,735 per gram. The highest price in the period was ₹15,164 on June 15, and the lowest was ₹14,574 on June 11. Year-to-date, 24K gold averaged ₹133,263 per gram, showing gold’s role as a long-term store of value for Indian investors.

How to Buy Gold in India Today

Investors can purchase gold through multiple channels. Physical gold comes as jewellery (typically 22K with making charges added), coins, or biscuits. Digital alternatives include gold rates tracked by commodity exchanges, which offer easier trading and better liquidity. Gold ETFs and sovereign gold bonds provide market-linked returns without storage concerns.

Final Thoughts

Gold prices in India remain unchanged on June 18 at ₹15,120 per gram for 24K. With crude oil falling and the rupee strengthening, conditions favour gold buyers seeking safe-haven assets amid global uncertainty.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.