Gold Prices Today: Shine or Slide? Check Your City’s Rates

Gold Prices in India on June 9

Gold prices in India were steady, with 24-carat gold selling at ₹97,160 per 10 grams and 22-carat gold selling at ₹89,063 per 10 grams.
The MCX gold index also quoted at ₹97,051 per 10 grams, indicating nervous investor sentiment.
Silver prices shot above ₹1,05,910 per kilogram, maintaining the upward trend.
City-Wise Gold Rates

Mumbai: ₹96,980 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

New Delhi: ₹96,810 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

Kolkata: ₹96,850 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

Hyderabad: ₹96,890 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

Chennai: ₹96,930 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

Bengaluru: ₹96,900 per 10 grams (bullion rate), ₹97,051 per 10 grams (MCX rate).

Market Trends & Investor Sentiment

Gold prices have increased by almost 30% year-over-year, with a mean 15% CAGR since 2001.

The yellow metal remains to beat inflation, as its safe-haven status continues.

Investors are looking carefully at the global economic data and Federal Reserve policy, which may affect future price action.

Silver Prices & Retail Considerations

Silver bullion prices fluctuated across cities, ranging from ₹1,05,720/kg in Mumbai, ₹1,05,540/kg in New Delhi, and ₹1,06,030/kg in Chennai.

Retail consumers are advised to recognize that jewellers can charge making charges, taxes, and GST, which impact final purchase prices.

Sources: MSN, Livemint.