Gold, silver prices crash: Silver falls Rs 10000, gold crashes Rs 3000, now selling for Rs..., check latest gold, silver rates in Delhi, Noida, Mumbai, Chennai, Bengaluru, Kolkata, Lucknow

In a dramatic turn for Indian markets, gold and silver prices saw a significant crash on Tuesday, June 23, 2026, bringing a sigh of relief to consumers after months of record highs. Silver plummeted by a substantial Rs 10,566 per kilogram, settling around Rs 2.27 lakh, while 24-carat gold shed Rs 2,522 per 10 grams, trading near Rs 1.45 lakh in major cities like Delhi, Mumbai, and Kolkata. This sharp decline has quickly reshaped the landscape for precious metal investors and buyers across the nation. The sudden drop is largely attributed to a cocktail of global factors, primarily a surprisingly hawkish stance from the US Federal Reserve, signaling potential interest rate hikes that strengthen the US dollar and reduce the appeal of non-yielding assets like gold and silver. Simultaneously, an interim peace deal between the US and Iran has significantly dampened safe-haven demand, which had previously propped up prices amidst geopolitical tensions in the Middle East. Adding to silver woes, a global tech selloff is sparking concerns about industrial demand for the white metal, exacerbating its fall. Looking ahead, market watchers will be scrutinizing upcoming statements from the Federal Reserve and any further developments in US-Iran relations, as these will heavily influence gold and silver trajectory. While the current correction offers attractive entry points for investors and a much-needed respite for those planning wedding or festive season purchases, the volatility is expected to continue. Traders are also eyeing currency movements and global economic data, which could either provide a floor for prices or trigger further declines, making careful observation key for anyone in the bullion market.