Gold Prices Surge Amid Global Uncertainty: Latest Rates Across Indian Cities

Image Source : India.Com

Gold prices in India continued their upward trend on June 16, reflecting heightened geopolitical tensions and strong investor demand. The Multi Commodity Exchange (MCX) recorded gold futures at ₹1,01,708 per 10 grams, marking an all-time high.

Latest Gold Rates in Major Cities

- Delhi: ₹1,01,660 per 10 grams (24K), ₹93,200 per 10 grams (22K)
- Mumbai: ₹1,01,510 per 10 grams (24K), ₹93,050 per 10 grams (22K)
- Chennai: ₹1,01,510 per 10 grams (24K), ₹93,050 per 10 grams (22K)
- Kolkata: ₹1,01,510 per 10 grams (24K), ₹93,050 per 10 grams (22K)
- Bengaluru: ₹1,01,510 per 10 grams (24K), ₹93,050 per 10 grams (22K)
- Hyderabad: ₹1,01,510 per 10 grams (24K), ₹93,050 per 10 grams (22K)

Market Trends and Investment Insights

Gold prices have surged due to escalating tensions between Israel and Iran, prompting investors to seek safe-haven assets. Analysts suggest that further price increases are possible if geopolitical risks persist or if central banks adopt a more accommodative monetary stance.

Future Outlook

With gold maintaining its position as a preferred hedge against inflation and economic uncertainty, investors are closely monitoring global developments. The market’s bullish sentiment suggests continued price strength in the near term.

Sources: Moneycontrol, Indian Express, MSN.