There is relief for gold buyers in India this week but a fresh worry for investors, as prices tumbled for the third straight session. Over the past three days, 24-carat gold has become cheaper by Rs 78,500 per 100 grams, while the 22-carat rate has dropped by Rs 72,000 per 100 grams during the same stretch.
Gold prices in India are largely shaped by the metal's movement in the international market. On Thursday, global spot gold slipped below the crucial $4,000 per ounce mark as the dollar stayed strong on rising expectations of Federal Reserve interest rate hikes this year.
Gold Rate Today, June 25
As of Thursday, June 25, 22-carat gold fell by Rs 2,550 per 10 grams to Rs 1,28,450 per 10 grams. The 24-carat rate dropped by Rs 2,780 and is currently at Rs 1,40,130 per 10 grams. The 18-carat rate, meanwhile, is retailing at Rs 1,05,100 after a fall of Rs 2,080.
On a 100-gram basis, 22-carat gold now stands at Rs 12,84,500 after sliding Rs 25,500, while 24-carat gold has dropped Rs 27,800 to Rs 14,01,300.
MCX Gold And Silver Futures
On the Multi Commodity Exchange (MCX), gold futures maturing on August 5, 2026, are trading in the green at Rs 1,41,476, up 0.15%. Silver futures with a July 3 expiry rose 0.43% to Rs 2,13,999.
City-Wise Gold Rates On June 25
Major metros including Chennai, Mumbai, Bangalore and Hyderabad mirrored the same slide. Here are the latest 22-carat and 24-carat rates across these cities.
- Chennai: 24-carat at Rs 1,43,350 per 10 grams and 22-carat at Rs 1,31,400 per 10 grams.
- Bangalore: 24-carat at Rs 1,40,130 per 10 grams and 22-carat at Rs 1,28,450 per 10 grams.
- Hyderabad: 24-carat at Rs 1,40,130 per 10 grams and 22-carat at Rs 1,28,450 per 10 grams.
- Mumbai: 22-carat at Rs 1,28,450 per 10 grams and 24-carat at Rs 1,40,130 per 10 grams.
Silver Continues To Fall
Silver prices in India also dropped sharply for the third consecutive day. At current rates, 1 kg of silver costs Rs 2,30,000, while 100 grams of silver is priced at Rs 23,000.
What Lies Ahead For The Market
Gold and silver are extending their losses despite a US-Iran nuclear deal, weighed down by three main forces: an AI-driven risk-off selloff; Fed hawkishness that has pushed the probability of a December 2026 rate hike to 86% and kept the Dollar Index above 101; and yen carry trade unwinding as USDJPY hits a 40-year low. Tehran's pushback on Trump's nuclear inspection claims is keeping geopolitical risk alive.
Rate-hike odds for July have surged to 36% from 8.5%, with September running above 70%, and the PCE data due Thursday is the next key catalyst. According to Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of IBJA and Chairman at JITO, both metals are sitting at critical 2026 support, gold at $4,000-$4,060 and silver at $60-$61, with a 90% probability of a rebound from current oversold levels.
Spot Gold And Silver Prices Today
Spot gold was down 0.7% at $3,971.08 per ounce as of 0311 GMT. US gold futures for August delivery lost 0.5% to $3,987. Spot silver fell 1.4% to $56.61 per ounce.
