Gold Prices Drop for Fourth Straight Day, Hit One-Week Low — Check Today’s 22kt and 24kt Rates

Gold Prices Slip for Fourth Day, Hit One-Week Low Amid Geopolitical Tensions.

Gold prices continued their downward trajectory on Friday, June 20, marking the fourth straight day of losses as global investors booked profits and liquidated bullion positions to cover losses elsewhere. The yellow metal is now trading near a one-week low and is on track for its first weekly decline in three weeks.

City-Wise Gold & Silver Prices (June 20, 2025)
In Mumbai, spot prices stood at:

22-carat gold: ₹92,100 per 10 grams

24-carat gold: ₹1,00,480 per 10 grams

Silver: ₹1,12,100 per kilogram

Note: Spot prices do not include making charges or 3% GST.

MCX Futures Market Update
On the Multi Commodity Exchange (MCX):

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 92,250	Rs 1,00,630
Jaipur	Rs 92,250	Rs 1,00,630
Ahmedabad	Rs 92,150	Rs 1,00,530
Patna	Rs 92,150	Rs 1,00,530
Mumbai	Rs 92,100	Rs 1,00,480
Hyderabad	Rs 92,100	Rs 1,00,480
Chennai	Rs 92,100	Rs 1,00,480
Bengaluru	Rs 92,100	Rs 1,00,480
Kolkata	Rs 92,100	Rs 1,00,480

Gold futures were down 0.50%, trading at ₹98,837 per 10 grams

Silver futures dropped 1.41%, trading at ₹1,05,875 per kg

Expert Commentary: Why Are Precious Metal Prices Falling?
According to Rahul Kalantri, VP of Commodities at Mehta Equities:

“Gold and silver prices have retreated from recent highs, with silver slipping below $35.70/oz after an earlier rally this week. The pullback is primarily due to investors offloading precious metals to compensate for losses in other asset classes, amid heightened geopolitical tensions between Israel and Iran.”

He added that while escalating conflict supports safe-haven buying, it hasn’t been enough to offset broader market dynamics.

Global Cues Weighing on Precious Metals
The Bank of England’s decision to hold interest rates steady has tempered gains in precious metals.

A weaker U.S. dollar index continues to provide underlying support to gold and silver.

Rupee depreciation is also keeping domestic bullion prices elevated despite international softness.

What’s Next for Gold Prices in India?
Gold prices initially rallied on the outbreak of conflict between Israel and Iran, driven by safe-haven demand. Since then, however, prices have hovered within a narrow range, lacking a fresh catalyst.

Analysts say the direction of gold in the coming weeks will depend on:

Further escalation or de-escalation in the Middle East conflict

Global central bank cues, especially from the U.S. Federal Reserve

Movement in the dollar index and crude oil prices

Domestic factors such as the rupee’s strength and demand outlook ahead of festivals