Gold slides to $4,339.10/oz and silver to $69.46/oz on June 18, 2026 as MCX prices also fall

On June 18, 2026, spot gold fell to $4,339.10 per ounce and silver slipped to $69.46 per ounce, with both metals also easing on India’s MCX market. Daniela Corsini, an economist at Intesa Sanpaolo, forecast that gold could drop to around $4,000 per ounce and silver to $60 by the end of 2026 before stabilising. The summary noted that while a US-Iran agreement would typically bolster safe-haven demand, a sharp fall in crude oil prices has weakened near-term support for precious metals.