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Updated: June 09, 2025 08:45
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.