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Gold Price Today, June 30: In Mumbai, the price of gold stood at Rs 89,290 per 10 grams for 22-carat and Rs 97,410 per 10 grams for 24-carat.
Latest gold prices in India.
Gold Prices In India Today, June 30: Gold and silver prices in India on Monday continued its decline. In Mumbai, the price of gold stood at Rs 89,290 per 10 grams for 22-carat and Rs 97,410 per 10 grams for 24-carat. Silver was trading at Rs 1,07,700 per kg in the city.
On MCX, gold slid 0.05 per cent to Rs 95,424 per 10 gram, while silver fell 0.12 per cent to Rs 1,05,100 per kg.
These spot prices do not include making charges and 3% GST.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Precious metals witnessed a sharp correction amid geopolitical easing and global market optimism. The ceasefire between Israel and Iran deflated the war risk premium, triggering a pullback in gold and silver prices. Gold slipped to its lowest level in a month, while silver also declined sharply.”
Additional pressure came from fading hopes of near-term US Fed rate cuts. However, the downside is being cushioned by dollar weakness and rising tensions in the Russia-Ukraine region, he added.
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 89,440 | Rs 97,560 |
| Jaipur | Rs 89,440 | Rs 97,560 |
| Ahmedabad | Rs 89,340 | Rs 97,460 |
| Patna | Rs 89,340 | Rs 97,460 |
| Mumbai | Rs 89,290 | Rs 97,410 |
| Hyderabad | Rs 89,290 | Rs 97,410 |
| Chennai | Rs 89,290 | Rs 97,410 |
| Bengaluru | Rs 89,290 | Rs 97,410 |
| Kolkata | Rs 89,290 | Rs 97,410 |
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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