Gold Prices In India Fall For Second Day: Check 22kt, 24kt Rates In Your City On June 18, 2025
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Gold Rates In India Today: In Mumbai, the price of gold stood at Rs 92,500 per 10 grams for 22-carat and Rs 1,00,910 per 10 grams for 24-carat.
Gold Prices In India Today, June 18: Gold prices on Wednesday extended their loss for the second day on profit-booking. In Mumbai, the price of gold stood at Rs 92,500 per 10 grams for 22-carat and Rs 1,00,910 per 10 grams for 24-carat. Silver, on the other hand, was also trading higher at Rs 1,11,000 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 0.13% at Rs 99,410 per 10 grams, whereas silver was higher by 0.40% to trade at 1,09,433 per kg.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold and silver prices ended mixed on Tuesday amid high price fluctuations in the international markets. While geopolitical tensions, particularly the escalation in the Israel-Iran conflict, triggered safe-haven demand, disappointing U.S. retail sales and a slowdown in Chinese gold buying in May month restricted gains."
While gold extended its fall for the second day, silver prices extended gains and crossed $37 per troy ounce levels for the first time since February 2012. Weakness in the rupee is supporting gold and silver prices in the domestic markets, he added.
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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