Gold Price Trends in India on June 29, 2026: Retailers Report Slight Decline Gold prices in India experienced a marginal decline across major retail chains on June 29, 2026, providing temporary relief to buyers. The 22-carat gold jewellery price stabilized at Rs 13,110 per gram in leading cities such as Delhi, Mumbai, Chennai, and Hyderabad. This marks a slight decrease from the previous day’s rate of Rs 13,240 per gram and the day before’s Rs 13,195 per gram. The decline was observed at prominent brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. The Indian Bullion and Jewellers Association (IBJA) released indicative retail selling rates for gold and silver on June 29, 2026, which serve as a benchmark for the industry. For gold, the rates included Rs 14,191 per gram for fine gold (999 purity), Rs 13,851 per gram for 22-karat gold, Rs 12,630 per gram for 20-karat gold, Rs 11,495 per gram for 18-karat gold, and Rs 9,153 per gram for 14-karat gold. Silver prices were set at Rs 2,21,600 per kg. The decline in gold prices followed a four-week losing streak, with the metal retreating nearly 30% from its January 2026 peak of $5,597. Prithviraj Kothari, managing director of RiddiSiddhi Bullions Ltd. and president of IBJA, attributed the trend to hawkish monetary policy by the U.S. Federal Reserve. Fed Chair Kevin Warsh’s emphasis on price stability amid accelerating PCE inflation—4.1% year-on-year—has led markets to anticipate three rate hikes in 2026, with a 62% probability of a September increase. Global geopolitical factors also influenced the gold market. While U.S.-Iran military exchanges in the Gulf briefly boosted safe-haven demand, rising crude oil prices above $70 intensified inflation concerns. Silver prices fell nearly 10% to $55.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #indian_bullion_and_jewellers_association
