Last Updated:June 20, 2025, 10:00 IST
Gold Rates In India Today, June 20, 2025: In Mumbai, the price of gold stood at Rs 92,100 per 10 grams for 22-carat and Rs 1,00,480 per 10 grams for 24-carat.
Gold prices are at a near one-week low and heading for their first weekly decline in three weeks.
Gold Prices In India Today, June 20: Gold prices on Friday continued to decline for the fourth day in a row as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran. The yellow metal prices are at a near one-week low and heading for their first weekly decline in three weeks.
In Mumbai, the price of gold stood at Rs 92,100 per 10 grams for 22-carat and Rs 1,00,480 per 10 grams for 24-carat.
Silver was also trading down at Rs 1,12,100 per kg in the city.
These spot prices do not include making charges and 3% GST.
In the futures market, on the MCX, gold was trading lower by 0.50% at Rs 98,837 per 10 grams, whereas silver was down by 1.41% to trade at 1,05,875 per kg.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver prices slid from recent highs, nearing one-week lows and heading for their first weekly decline in three weeks. Silver prices fell below $35.70 per ounce after a sharp rally earlier in the week. The decline came as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran.”
The Bank of England also held rates steady in its monetary policy meetings on Thursday which also limited gains of precious metals. However, escalation of the Israel-Iran war and weaker dollar index are supporting safe-haven buying for precious metals. Weakness in the rupee is also supporting prices of gold and silver in the domestic markets, he added.
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 92,250 | Rs 1,00,630 |
| Jaipur | Rs 92,250 | Rs 1,00,630 |
| Ahmedabad | Rs 92,150 | Rs 1,00,530 |
| Patna | Rs 92,150 | Rs 1,00,530 |
| Mumbai | Rs 92,100 | Rs 1,00,480 |
| Hyderabad | Rs 92,100 | Rs 1,00,480 |
| Chennai | Rs 92,100 | Rs 1,00,480 |
| Bengaluru | Rs 92,100 | Rs 1,00,480 |
| Kolkata | Rs 92,100 | Rs 1,00,480 |
How Will the Iran-Israel Conflict Impact Gold Prices In India?
Gold and silver prices rallied sharply on the first day of the ongoing Israel-Iran war, boosting safe-haven demand. However, the prices are hovering around the same level since then.
Also Read: Gold May See 10% Correction In 2 Months And 30% Fall In A Year, Say Experts
Experts say the gold prices are likely to have peaked out and might see a correction of 10-12 per cent in the next two months.
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.
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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