Silver saw a sharper decline, trading at $69.11 per ounce (around Rs2,09,747 per kg), down 2.25%.
Gaurav Garg,
Research analyst,
Lemonn markets desk.
Mumbai, 18 June 2026: In today's commodity market update, gold prices slipped to $4,340.10 per ounce (approximately Rs1,31,730 per 10 grams), reflecting a decrease of 0.43%, while silver saw a sharper decline, trading at $69.11 per ounce (around Rs2,09,747 per kg), down 2.25%. The downturn in precious metals can be attributed to a strengthening US dollar and easing geopolitical tensions in the Middle East, which have led to a more cautious sentiment among investors. Additionally, crude oil prices fell significantly, with WTI crude trading at $73.84 per barrel (approximately Rs6,971), down 3.84%, as traders remain wary ahead of the upcoming Federal Reserve policy meeting.
