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Gold prices in India stayed steady on June 22 after a week of decline due to Israel-Iran tensions. Check latest prices in India.
Latest gold prices in India.
Gold Prices In India Today, June 22: Gold prices on Sunday remained steady after continuously declining throughout the last week 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 92,350 per 10 grams for 22-carat and Rs 1,00,750 per 10 grams for 24-carat.
Silver was also trading down at Rs 1,10,000 per kg in the city.
These spot prices do not include making charges and 3% GST.
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 92,500 | Rs 1,00,900 |
| Jaipur | Rs 92,500 | Rs 1,00,900 |
| Ahmedabad | Rs 92,400 | Rs 1,00,800 |
| Patna | Rs 92,400 | Rs 1,00,800 |
| Mumbai | Rs 92,350 | Rs 1,00,750 |
| Hyderabad | Rs 92,350 | Rs 1,00,750 |
| Chennai | Rs 92,350 | Rs 1,00,750 |
| Bengaluru | Rs 92,350 | Rs 1,00,750 |
| Kolkata | Rs 92,350 | Rs 1,00,750 |
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.
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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