Gold and Silver Prices on June 29: Gold was priced at Rs 1,43,558.41 in Mumbai, $1,43,415.00 in Bengaluru and $1,43,401.00 in Delhi.
Gold prices remained around $1.43 lakh across major Indian cities on Monday, with Chennai recording the highest among metros. Silver prices also remained higher $2,190 per 10 gram, with Chennai topping the list once again.
Here’s a look at the latest gold and silver rates in major cities in India.
Gold price today (24 thousand)
The price of 24 carat gold in India reached $1,43,401. Among the major cities, Chennai recorded the highest price in $1,44,710.78, followed by Kolkata at $1,44,545.18.
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The price of gold reached Rs 1,43,558.41 in Mumbai. $1,43,415.00 in Bengaluru and $1,43,401.00 in Delhi.
| S. no. | city | 24 carat gold price |
|---|---|---|
| 1 | Chennai | $1,44,710.78 |
| 2 | Kolkata | $1,44,545.18 |
| 3 | Mumbai | $1,43,558.41 |
| 4 | Bengaluru | $1,43,415.00 |
| 5 | Delhi | $1,43,401.00 |
Today’s silver price (10 grams)
The price of silver at the national level reached $2,193.50 per 10 grams.
Among the listed cities, Chennai recorded the highest silver price at $2,213.74, followed by Kolkata at $2,209.43.
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Silver was priced at $2,195.69 in Mumbai, $2193.50 in Delhi and $2191.89 in Bengaluru.
| S. no. | city | Silver price (10 gm) |
|---|---|---|
| 1 | Chennai | $2,213.74 |
| 2 | Kolkata | $2,209.43 |
| 3 | Mumbai | $2,195.69 |
| 4 | Delhi | $2,193.50 |
| 5 | Bengaluru | $2,191.89 |
The wise direction of the city
Among the cities included in the report, Chennai recorded the highest prices for both gold and silver. Bengaluru recorded the lowest silver price, while the gold price in Delhi was in line with the national average.
Gold prices are falling
Gold prices fell on Monday, as rising tensions between the United States and Iran led to a rise in crude oil prices, raising concerns about inflation and reducing the appeal of the precious metal. Expectations that the US Federal Reserve may continue to raise interest rates have also increased pressure on gold, which does not generate interest income.
By 0602 GMT, spot gold fell 0.8 percent to $4,057.77 an ounce, while US gold futures for August delivery fell 0.6 percent to $4,072.20. If this trend continues, gold will record its fourth consecutive monthly decline, with losses amounting to about 10.5%.
Both Tehran and Washington have agreed to suspend recent hostilities in the Gulf and resume discussions on their dispute over the Strait of Hormuz, according to an Axios report published on Sunday.
(With inputs from Reuters)
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