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The Israel-Iran tension was triggered after Israel’s unexpected missile bombardment on Iran, escalating the long-running confrontation between the two arch-rivals.
Latest prices of gold in different cities.
Gold Price Today, June 16: Gold prices climbed to a record high in India amid the rising tension between Israel and Iran. In Mumbai, gold price was trading at Rs 1,01,510 per 10 gram for 24-carat and Rs 93,050 per 10 gram for 22-carat.
On Monday, gold prices, however, weakened a bit to fall around Rs 150. Silver prices also weakened by Rs 100 to trade at Rs 1,09,900, which is still its 13-year high.
The Israel-Iran tension was triggered after Israel’s unexpected missile bombardment on Iran, escalating the long-running confrontation between the two arch-rivals. In response, Iran retaliated by launching a barrage of missiles on Israeli soil. Prime Minister Netanyahu said Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel’s very survival.
Geopolitical uncertainty remains a key driver for bullion in the near term, says Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures.
On MCX, gold futures was trading at Rs 1,00,290 per 10 gram with an unchanged moment. Meanwhile, silver futures traded in red to 1,06,443 per kg.
Rahul Kalantri, VP Commodities, Mehta Equities Ltd. added that gold and silver prices rallied last week as investors rushed to safe-haven assets amid escalating Israel-Iran tensions and a weaker dollar index.
With global equities under pressure and crude oil surging, precious metals gained support. Gold may retest its lifetime high soon, and silver is expected to track its movement. A depreciating rupee could further boost domestic bullion prices, he added.
Here’s a detailed breakdown of gold prices across key cities (June 16, 2025):Â
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,200 | Rs 1,01,660 |
| Jaipur | Rs 93,200 | Rs 1,01,660 |
| Ahmedabad | Rs 93,100 | Rs 1,01,560 |
| Patna | Rs 93,100 | Rs 1,01,560 |
| Mumbai | Rs 93,050 | Rs 1,01,510 |
| Hyderabad | Rs 93,050 | Rs 1,01,510 |
| Chennai | Rs 93,050 | Rs 1,01,510 |
| Bengaluru | Rs 93,050 | Rs 1,01,510 |
| Kolkata | Rs 93,050 | Rs 1,01,510 |
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.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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