Gold Prices Fall For 4th Day To Near One-Week Low: Check 22kt, 24kt Rates In Your City On June 20
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 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.
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