Gold and Silver Prices Today, June 17, 2025: Gold at Rs 99,200, silver nears Rs 1,06,800; Check latest city-wise rates

Gold prices climbed on Wednesday, June 12, 2025, as rising geopolitical uncertainty in the Middle East and safe-haven demand drove investor interest. On the Multi Commodity Exchange (MCX), gold futures rose by 0.2% to Rs 99,200 per 10 grams, while silver futures gained 0.22% to Rs 1,06,800 per kilogram.

The spike in domestic precious metal prices mirrors the global market trend. Spot gold rose 0.2% to $3,388.57 an ounce (as of 0418 GMT), rebounding after a sharp fall on Monday. Silver also edged up by 0.2% to $36.41 per ounce, while platinum and palladium saw similar fractional gains.

The surge in gold prices is being driven by fears stemming from the intensifying conflict between Israel and Iran. The Israeli Air Force reportedly targeted Iran’s state broadcaster, and the UN nuclear watchdog confirmed severe damage to Iran's top uranium enrichment site.

Adding to the tension, former U.S. President Donald Trump, who cut short his participation in the G7 summit, issued an evacuation call for Tehran residents and instructed the National Security Council to remain on high alert.

"Market sentiment continues to swing between escalation and de-escalation in the Middle East. These shifts are pushing gold prices back and forth around the $3,400 level," said Tim Waterer, Chief Market Analyst at KCM Trade.

Despite some intraday profit booking in gold, analysts believe the broader outlook remains volatile. Manoj Jain, Director at India Nivesh, noted, “Gold and silver showed high price volatility. Traders booked profits at higher levels ahead of the U.S. Fed policy meeting, but geopolitical tensions are expected to keep the support intact.”

Domestic Trends

On Tuesday, gold August futures on MCX settled at Rs 99,178 per 10 grams, down 1.09%.

Silver July futures settled at Rs 1,06,564 per kilogram, up 0.07%.

Jain suggested buying silver on dips around Rs 1,05,800 with a stop loss at Rs 1,04,750 for a target of Rs 1,07,000–1,07,700.
MCX support for gold is seen at Rs 98,550–97,700 and resistance at Rs 99,800–1,00,400.

Dollar and rupee movement

The dollar index fell 0.49% on Monday, settling at 97.70, its lowest level since April 2022. This weakness followed a rebound in U.S. equity markets and strength in the Euro. The USD-INR June 26 futures closed at 86.09, down 0.08%.

Volatility in the dollar and crude oil prices is helping the rupee recover from intraday lows. Experts expect the dollar index to trade between 95.50 and 101.40 this week, while the rupee is likely to fluctuate between 85.10 and 87.55.

Investors now await the outcome of the U.S. Federal Reserve’s two-day policy meeting, which begins today. While no immediate rate change is expected, traders are keenly watching for cues on potential rate cuts later this year.

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City-wise Gold Prices (per gram on June 12, 2025):

Gold Price in Mumbai:

In Mumbai, the price of 24-karat gold stood at Rs 10,037 per gram, while 22-karat gold was priced at Rs 9,200 per gram.

Gold Price in Delhi:

The national capital recorded 24K gold at Rs 10,052 per gram, with 22K gold available at Rs 9,215 per gram.

Gold Price in Chennai:

Gold rates in Chennai were slightly lower, with 24K gold at Rs 10,037 per gram and 22K gold at Rs 9,200 per gram.

Gold Price in Kolkata:

In Kolkata, 24-karat gold was priced at Rs 10,037 per gram, and 22-karat gold was selling at Rs 9200 per gram.

Gold Price in Bengaluru:

Bengaluru saw 24K gold trading at Rs 10,037 per gram, while 22K gold was available at Rs 9,200 per gram.

Gold Price in Pune:

Pune saw 24K gold trading at Rs 10,037 per gram, while 22K gold was available at 9,200 per gram