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Gold Price Today, June 27: In Mumbai, the price of gold stands at Rs 90,690 per 10 grams for 22-carat and Rs 98,940 per 10 grams for 24-carat.
Gold Prices Today, June 27.
Gold Prices In India Today, June 27: Gold and silver prices in India on Friday witnessed a decline amid easing geopolitical tensions in the Middle East and a recovery in global equities capped further upside. In Mumbai, the price of gold stood at Rs 90,690 per 10 grams for 22-carat and Rs 98,940 per 10 grams for 24-carat. Silver was also trading down at Rs 1,07,900 per kg in the city.
These spot prices do not include making charges and 3% GST.
On the other hand, on the MCX, gold futures fell by 1.04% to around Rs 96,082 per 10 grams. Silver also traded lower by 0.46% to trade at 1,06,268 per kg in the morning trade.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Easing geopolitical tensions in the Middle East and a recovery in global equities capped further upside in gold.”
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 90,840 | Rs 99,090 |
| Jaipur | Rs 90,840 | Rs 99,090 |
| Ahmedabad | Rs 90,740 | Rs 98,990 |
| Patna | Rs 90,740 | Rs 98,990 |
| Mumbai | Rs 90,690 | Rs 98,940 |
| Hyderabad | Rs 90,690 | Rs 98,940 |
| Chennai | Rs 90,690 | Rs 98,940 |
| Bengaluru | Rs 90,690 | Rs 98,940 |
| Kolkata | Rs 90,690 | Rs 98,940 |
In the international market, gold fell on Friday, heading for a second weekly loss as a slight uptick in the dollar and the Israel-Iran truce weighed on prices, with markets eyeing U.S. inflation data for clues on the Federal Reserve’s interest rate trajectory.
Spot gold slipped 0.4% at $3,313.23 per ounce, as of 0234 GMT. Bullion was down 1.7% this week. US gold futures fell 0.7% to $3,325.70.
Gold prices rose recently after Israel on June 13 launched a large-scale attack across Iran, targeting key nuclear and military facilities under ‘Operation Rising Lion’. The strike came a day after the Israel Defense Forces (IDF) issued a warning urging residents of Tehran to evacuate. Israeli Prime Minister Benjamin Netanyahu said the operation aimed to “roll back the Iranian threat to Israel’s very survival,” following weeks of rising tensions. This escalation was triggered by Iran’s earlier missile and drone attack, which itself was a retaliation for an Israeli strike on its consulate in Damascus.
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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