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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.
Latest gold prices in India.
Gold Prices In India Today, June 26: Gold and silver prices in India has seen a modest rebound after two days of steep losses, supported by global uncertainty and a weaker dollar index. 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 rose 0.10% to around Rs 97,458 per 10 grams. Silver also traded higher by 0.42% to trade at 1,06,427 per kg in the morning trade.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver saw a modest rebound on Wednesday after two days of steep losses, supported by global uncertainty and a weaker dollar index. The precious metals found support as the dollar index dropped to its lowest in over three years, driven by weak US consumer confidence data and recession concerns.”
Meanwhile, increased NATO defence budgets and ongoing Russia-Ukraine tensions added to the bullish undertone. However, de-escalation in the Middle East continues to limit the upside in bullion, 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 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 |
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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