Gold prices on the Multi Commodity Exchange (MCX) rose above ₹1.53 lakh per 10 grams on Tuesday, June 16, 2026, while silver prices declined. The MCX gold rate for August futures contracts opened slightly lower at ₹1,52,891 per 10 grams compared to the previous close of ₹1,52,916, reflecting a largely steady trend in global bullion prices amid cautious investor sentiment.
The price movement followed a muted trend in international markets, where US gold futures for August delivery fell 0.3% to $4,337.10. Investors are awaiting further details on the US-Iran peace deal, which has created uncertainty in the bullion market. The MCX silver price for July futures also opened lower, influenced by these global factors and domestic currency fluctuations, according to livemint.com.
The gold-silver ratio, a key indicator for precious metal investors, recovered to 62 on the same day after dipping in May. Tata Mutual Fund's June 2026 note highlighted that the ratio is expected to move towards 68, suggesting that gold may outperform silver in the near term amid heightened geopolitical tensions and market volatility. For Indian investors, rupee depreciation could cushion potential downside risks, supporting a bullish medium-to-long-term outlook for both metals.
The MCX gold rate for August futures contracts was recorded at ₹1,52,891 per 10 grams on June 16, 2026, while the gold-silver ratio stood at 62, signaling renewed interest in gold as a safe-haven asset during uncertain times.