India Gold Prices (June 10, 2025): City-wise Rates and Market Factors

As of June 10, 2025, gold prices in India remain near record highs, though they eased slightly from recent peaks. Today’s 22-karat and 24-karat gold prices (per gram) in major cities are roughly: Delhi – ₹8,960 (22K) / ₹9,773 (24K); Mumbai, Chennai, Bengaluru, Hyderabad, Kolkata – about ₹8,945 / ₹9,758; and Ahmedabad – ₹8,950 / ₹9,763. The table below summarizes these city rates:

City	22K Gold (₹/g)	24K Gold (₹/g)
Delhi	8,960	9,773
Mumbai	8,945	9,758
Bengaluru	8,945	9,758
Ahmedabad	8,950	9,763
Chennai	8,945	9,758
Hyderabad	8,945	9,758
Kolkata	8,945	9,758

Source: ABP Live, June 10, 2025.

Daily and Weekly Trends

Gold prices have dipped slightly from yesterday’s levels. For example, Goodreturns reports that on June 10 the 24K rate was about ₹11 per gram lower than on June 9, and 22K about ₹10 lower. In recent days, prices saw volatility: after climbing about 2–3% over the prior week, they plunged around June 7–9. Goodreturns notes that “from June 7th to June 9th, 24K gold prices fell by about ₹1,910 per 10g”. In short, the market has pulled back midweek after earlier gains.

Yesterday vs Today: June 10 rates were ~₹10 lower per gram than June 9.

Weekly Move: Gold was up roughly 2.5% last week before the recent dip. Over June 7–9, 24K gold fell about ₹19,100 per 100 g (roughly ₹1,910 per 10 g).

These swings reflect how gold reacts to news and investor sentiment. Dealers note that domestic demand has cooled off recently (the end of India’s wedding season and rising prices have kept buyers cautious). That has contributed to small discounts on official rates even as international prices rose in late May.

Factors Influencing Gold Prices

Gold’s price is shaped by multiple global and local factors. Key drivers include:

Inflation and Interest Rates: Gold is often sought as an “inflation hedge.” When inflation is high or real interest rates (yields minus inflation) are low, investors buy gold to protect purchasing power. Economic uncertainty (e.g. fears of a slowdown) similarly boosts gold. As Tufts University economists note, “the price of gold tends to spike in times of high inflation and economic and geopolitical uncertainty”. For example, softer U.S. inflation in May 2025 has led markets to expect Fed rate cuts later in the year, which would lower bond yields and make non-yielding gold more attractive.

Currency Movements: In India, gold is imported in dollars. A weaker rupee makes gold more expensive in rupees, pushing domestic prices up. (Conversely, a stronger rupee can temper gold prices.) Globally, commodity strategists highlight that “local currency depreciation” in major consumers like India and China has underpinned gold demand. In short, when the rupee falls against the dollar, Indians need more rupees to buy the same ounce of gold.

Global Demand and Buying: Demand from investors, jewelers, and funds affects gold. In 2025, investor interest (especially through gold-backed ETFs) has been strong, tightening physical supply. A State Street analysis notes that “robust gold investment demand…has been supported by economic uncertainty, geopolitical instability, [and] local currency depreciation”. Jewellery demand in India and China also matters seasonally. (As noted above, India’s wedding-season demand is waning for now, which has eased upward pressure.)

Central Bank Activity: Central banks around the world – including India’s RBI – have been aggressively adding gold to reserves. For example, a Reuters report finds that global central banks are on pace to buy about 1,000 tonnes of gold in 2025, extending their multi-year buying spree. Such steady central-bank purchases provide “a powerful, sustained tailwind” for prices. In fact, India’s RBI added the second-largest-ever amount (57.5 tonnes) of gold to its reserves in FY2025. These official purchases tend to set a high “floor” under gold prices, dampening big drops.

Geopolitical and Market Risks: Gold is a classic “safe-haven” asset. Trade wars, political conflicts or financial crises often drive investors into gold. Analysts point out that recent U.S. tariffs and China tensions have helped fuel gold’s rise. As an LKP Securities analyst observes, “the price action remains fragile…below key resistance levels… Any setback or negative outcome from the trade negotiations may renew safe-haven demand”. In other words, if global risks flare up again (e.g. new trade escalations or conflicts), gold demand could jump back up.

Expert Insights

Market-watchers offer further color on today’s outlook. Jateen Trivedi of LKP Securities warns that gold is trading in a “fragile” range near ₹98,000 per 10g (24K). He notes that any negative trade news could quickly push prices higher again as traders seek safety. Kitco analyst Jim Wyckoff similarly emphasizes interest rates: he points out that May’s soft U.S. inflation data mean the Fed is likely to ease policy later in 2025, which “is friendly for precious metals” like gold.

In India, dealers report that current prices are attractive compared to recent highs – a small relief after gold’s rally – but many buyers are still cautious. Overall, experts agree that inflation trends, Fed policy shifts, currency moves, and any new international tensions will keep gold prices fluctuating.

On June 10, 2025 the gold market shows slight pullback after a volatile week, but prices remain historically high. The city-wise table above highlights that 22K gold is around ₹8,900–9,000 per gram and pure 24K near ₹9,750–9,800 in most major cities. These levels reflect a balance of forces: persistent inflation and global uncertainty have driven gold up, while recent profit-taking and easing demand (e.g. end of wedding season) have moderated it. As everyday savers and investors know, gold tends to dance to the tune of economic news. Key indicators to watch will be inflation readings, currency strength, and geopolitical developments. In short, gold’s price continues to be shaped by a tug-of-war between concerns (which lift it) and cooling factors (which ease it). For now, with analysts calling the market “fragile”, many consumers and investors see the latest dip as a chance to buy or brace for whatever the economy brings next.

Sources: Gold price data and trends are drawn from recent market reports and news analysis. Economic factors and expert quotes are from financial news and research (Reuters, Goodreturns, etc.). Each cited source provides the basis for the figures and commentary above.