Gold, Silver Prices Dip Slightly in India; Global Rates Rise Amid West Asia Tensions
GG News Bureau
Mumbai, 23rd June: Gold and silver prices in India saw a marginal dip in early trade on Monday, even as global prices edged higher due to escalating tensions in West Asia.
According to the GoodReturns website, the price of 24-carat gold declined by ₹10, with 10 grams trading at ₹1,00,740. Similarly, 22-carat gold dropped by ₹10, priced at ₹92,340 for 10 grams. In Delhi, 24-carat gold was selling at ₹1,00,890, while 22-carat stood at ₹92,490.
In major cities like Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad, the price of 22-carat gold remained uniform at ₹92,340 per 10 grams. The 24-carat variant in these cities was also steady at ₹1,00,740 per 10 grams.
The price of silver fell by ₹100 per kilogram, now selling at ₹1,09,900 in Delhi, Mumbai, and Kolkata. Chennai, however, continued to record higher rates, with silver priced at ₹1,19,900 per kilogram.
Global Prices Gain Amid Geopolitical Uncertainty
Internationally, gold prices inched up as investors sought safe-haven assets following the United States’ airstrikes on three of Iran’s nuclear facilities. Spot gold rose 0.1% to $3,371.30 an ounce, while US gold futures held steady at $3,387.20.
Spot silver was also up by 0.1% at $36.03 per ounce. However, platinum slipped 0.3% to $1,260.78 and palladium dipped 0.1% to $1,043.
Analysts suggest that concerns over Iran’s possible response to the US airstrikes could push safe-haven demand even higher in the coming days, potentially impacting domestic prices as well.
