Those who bought gold and silver got a big shock! Crude oil fell as soon as the market opened, but there was a sharp rise in the price of gold.
If you are planning to buy gold or silver for marriage or investment, significant news has emerged on Monday, June 15th, 2026. As the bullion market opened this morning, there has been a tremendous rise in the prices of gold and silver. Market experts attribute this sudden spike primarily to a massive drop of more than 4% in crude oil prices on the international market.
Expectations of a possible peace agreement between America and Iran have surged dramatically. This potential mega-deal is creating significant upheaval in global markets and has directly impacted the international commodity market COMEX, where sharp gains in gold and silver prices have been recorded since market opening.
Global Market Movement on COMEX
Looking at global market trends, gold on COMEX closed on Friday at $4,239.90 per ounce with a strong gain of 3.06%. Silver also performed well, closing at $68.120 per ounce with a robust rise of 6.44%.
As the market opened Monday morning, gold surged further by 1.86%, reaching $4,317.70 per ounce. Silver continued its upward momentum, trading at $70.205 per ounce with a gain of 3.23%.
Impact on Indian Market MCX
On the Indian Multi Commodity Exchange (MCX), gold closed last Friday at a record level of Rs 1,50,675 per 10 grams, while silver closed at Rs 2,46,604 per kg. With very strong bullish signals coming from global markets, a strong opening and significant rise in gold and silver prices is expected in the Indian market today.
Latest IBJA Gold Rates by Purity
According to the India Bullion and Jewelers Association (IBJA), the latest gold rates are as follows:
24 carat (999 purity): Rs 14,780 per gram
22 carat: Rs 14,425 per gram
20 carat: Rs 13,154 per gram
18 carat: Rs 11,972 per gram
14 carat: Rs 9,533 per gram
US-Iran Peace Deal Impact
Diplomatic circles are reporting strong indications that America and Iran may finalize a major peace agreement this week. This historic deal includes the complete reopening of the Strait of Hormuz, the world’s most important sea route.
If this agreement is finalized, crude oil supplies worldwide will normalize, ending the prolonged energy crisis. As crude oil prices fall, pressure on gold and silver prices decreases, prompting investors to turn toward these precious metals as safe investments, driving prices higher.
Silver Prices in Major Indian Cities
Significant variation in silver prices is being observed across major Indian cities today. Chennai leads with the highest prices:
Chennai: Rs 2,69,900 per kg
Delhi: Rs 2,59,900 per kg
Mumbai: Rs 2,59,900 per kg
Kolkata: Rs 2,59,900 per kg
Bangalore: Rs 2,59,900 per kg
Gold Prices in Major Metropolitan Areas
Gold availability varies slightly across major metro cities today. Rates continue to fluctuate based on global cues and local demand-supply dynamics.
Delhi and Mumbai Gold Rates
In Delhi, 24 carat gold is trading at Rs 14,922 per gram, 22 carat gold at Rs 13,679 per gram, and 18 carat gold at Rs 11,195 per gram. Mumbai shows similar trends, with 24 carat gold at Rs 14,907 per gram, 22 carat at Rs 13,664 per gram, and 18 carat gold at Rs 11,180 per gram.
Chennai, Kolkata, and Bangalore Rates
As usual, gold prices in Chennai remain slightly higher than other cities. Here, 24 carat gold has reached Rs 15,119 per gram, 22 carat gold Rs 13,859 per gram, and 18 carat gold Rs 11,609 per gram.
Kolkata and Bangalore maintain stable and nearly identical market conditions. In both cities, 24 carat gold is being sold at Rs 14,907 per gram, 22 carat gold at Rs 13,664 per gram, and 18 carat gold at Rs 11,180 per gram.
