Gold Prices In India Fall Today On Profit-Booking, Check 22kt, 24kt Rates In Your City On June 17, 2025 | Savings and Investments News

Gold Prices In India Fall Today On Profit-Booking, Check 22kt, 24kt Rates In Your City On June 17, 2025 | Savings and Investments News

Last Updated:June 17, 2025, 10:56 IST

Gold Rates In India Today: In Mumbai, the price of gold stands at Rs 92,000 per 10 grams for 22-carat and Rs 1,00,370 per 10 grams for 24-carat.

Latest prices of gold in different cities.

Gold Prices In India Today: Gold prices on Tuesday fell on profit-booking. In Mumbai, the price of gold stood at Rs 92,000 per 10 grams for 22-carat and Rs 1,00,370 per 10 grams for 24-carat. Silver, on the other hand, was also trading higher at Rs 1,09,800 per kg in the city.

These spot prices do not include making charges and 3% GST.

In the futures market, gold was trading lower by 0.21% at 98,966 per 10 grams, whereas silver was flat or marginally higher by 0.01% to trade at 1,06,578 per kg.

Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver prices were flat to negative despite escalation of conflict in the Middle East. Despite more rockets flying from Israel to Iran and vice versa and hawkish statements from the US President, gold, the safe-haven asset, declined. Gold witnessed profit taking at higher levels and silver prices also came off day’s high ahead of the Fed monetary policy meetings. However, global uncertainty and geo-political tensions could support prices of precious metals.”

Gold and silver prices are expected to remain volatile amid volatility in the dollar index, geo-political tensions and US Fed monetary policy meetings, he added.

The yellow metal’s prices surged in the past few days after Israel on Friday struck Iran, thus raising safe-haven demand.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 92,150 Rs 1,00,520
Jaipur Rs 92,150 Rs 1,00,520
Ahmedabad Rs 92,050 Rs 1,00,420
Patna Rs 92,050 Rs 1,00,420
Mumbai Rs 92,000 Rs 1,00,370
Hyderabad Rs 92,000 Rs 1,00,370
Chennai Rs 92,000 Rs 1,00,370
Bengaluru Rs 92,000 Rs 1,00,370
Kolkata Rs 92,000 Rs 1,00,370

How Will the Iran-Israel Conflict Impact Gold Prices In India?

Gold and silver prices rallied sharply amid escalating Israel-Iran tensions, boosting safe-haven demand.

The ongoing Iran-Israel conflict is expected to push gold prices higher in India as investors flock to safe-haven assets amid rising geopolitical tensions. Global uncertainty often boosts demand for gold, which is considered a store of value during crises. With oil prices also likely to rise due to instability in the Middle East, inflationary concerns may further support a bullish trend in gold. Additionally, a weakening rupee against the US dollar could make imported gold costlier, driving domestic prices even higher in the short term.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

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