KKN Gurugram Desk | The price of gold has been on a consistent decline, with June 24, 2025, seeing another reduction in its value. Gold rates have been dropping, partly influenced by the news of a ceasefire agreement between Iran and Israel, which has caused market fluctuations. On this Tuesday, gold prices have fallen by ₹100 per 10 grams, making it a significant day for gold investors. As of now, the price for 10 grams of 24-carat gold is trading above ₹1,00,600 in major cities across India, while the price for 22-carat gold is steady above ₹92,000.
Additionally, the price of silver has remained unchanged at ₹1,09,900 per kilogram, reflecting a stable market for this precious metal. Silver’s prices have stayed the same as yesterday, but experts suggest that the price of silver could rise to ₹1,20,000 by the time Diwali 2025 arrives, making it a potential investment opportunity.
Gold Prices in Major Cities of India on June 24, 2025
The gold rates in India continue to experience fluctuations, with cities like Delhi, Mumbai, Kolkata, Patna, and Lucknow seeing some minor changes. The prices are as follows:
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Delhi:
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22-carat gold: ₹92,440 per 10 grams
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24-carat gold: ₹1,00,830 per 10 grams
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Mumbai:
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22-carat gold: ₹92,290 per 10 grams
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24-carat gold: ₹1,00,680 per 10 grams
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Chennai:
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22-carat gold: ₹92,290 per 10 grams
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24-carat gold: ₹1,00,680 per 10 grams
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Kolkata:
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22-carat gold: ₹92,290 per 10 grams
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24-carat gold: ₹1,00,680 per 10 grams
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Jaipur:
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22-carat gold: ₹92,440 per 10 grams
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24-carat gold: ₹1,00,830 per 10 grams
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Noida:
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22-carat gold: ₹92,440 per 10 grams
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24-carat gold: ₹1,00,830 per 10 grams
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Lucknow:
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22-carat gold: ₹92,440 per 10 grams
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24-carat gold: ₹1,00,830 per 10 grams
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Patna:
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22-carat gold: ₹92,290 per 10 grams
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24-carat gold: ₹1,00,680 per 10 grams
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These prices indicate that the gold market has seen slight variations across India, but the overall trend shows a steady decline in prices as compared to previous days.
Silver Price Stability
On June 24, 2025, the price of silver has remained stable at ₹1,09,900 per kilogram. Unlike gold, silver has not experienced any significant price movement. However, experts believe that silver could see an increase in value, especially with the upcoming festivals and economic factors influencing the market. Many are predicting that by Diwali 2025, silver prices could surge, making it an attractive investment opportunity.
Why Do Gold Prices Fluctuate in India?
In India, the price of gold is influenced by a variety of factors, including international market conditions, the exchange rate between the Indian rupee and the US dollar, and government policies, such as taxes or import duties.
Additionally, gold in India is not just viewed as an investment; it is also a significant cultural and religious symbol. Gold holds deep importance in various traditions and festivals, especially in celebrations such as weddings, Diwali, and Dhanteras. During these festivals, the demand for gold often surges, which can lead to a temporary increase in prices. This demand spike usually happens during key festive seasons, causing the price of gold to rise in anticipation.
Gold Investment Trends and Market Insights
The decline in gold prices observed recently is influenced by several global factors. The Iran-Israel ceasefire has led to a sense of stability in the geopolitical landscape, impacting commodity prices, including gold. When geopolitical tensions subside, investors often shift from safe-haven assets like gold to more risk-on assets like stocks. This has contributed to the decline in gold prices as investors seek better returns in other markets.
Additionally, global inflation rates, interest rates set by central banks, and economic growth in key markets like the United States and China also influence the price of gold. When interest rates rise or inflation remains under control, investors may reduce their reliance on gold as a hedge, leading to lower prices.
For Indian investors, gold remains a popular choice, particularly for long-term investment. The steady demand from the public, combined with gold’s cultural significance, ensures that the metal retains its value over time. However, short-term fluctuations can offer unique opportunities for those looking to enter the market at lower prices.
What Does the Future Hold for Gold Prices in India?
As for the future of gold prices in India, experts are divided. While there is a short-term decline due to global events and market shifts, many analysts predict that gold will remain a strong investment in the long run. Several factors could contribute to an increase in gold prices, such as:
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Global geopolitical tensions: Any new political instability or conflicts could lead to a surge in demand for gold as a safe-haven investment.
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Rising inflation rates: Gold is traditionally seen as a hedge against inflation, which could drive more investors towards the precious metal.
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Upcoming festivals: With Dhanteras, Diwali, and wedding season approaching, the demand for gold will likely rise, driving prices up in the latter part of the year.
Should You Invest in Gold Now?
For potential investors looking to enter the gold market, now might be a good time. With gold prices declining and the upcoming festive season driving up demand, buying gold at current prices could be a good strategy. Investors may consider gold jewelry, gold coins, or gold ETFs as part of their portfolio to benefit from any future price increases.
To summarize, gold prices in India on June 24, 2025, are experiencing a steady decline due to various factors, including the Iran-Israel ceasefire and global market trends. While silver prices remain stable, experts anticipate a potential rise in silver rates as we approach the festive season.
Indian investors should keep a close eye on both gold and silver markets, especially with the festive season around the corner. As demand increases, prices could rise again, making it crucial to track trends and make informed investment decisions.
As always, gold remains a safe investment option for long-term financial security, particularly for those who value the cultural and economic importance of this precious metal in India.
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