Gold rate today: Check the latest prices in your city on June 25

Gold rate today

Gold prices have been dropping recently as buzz around Israel-Iran ceasefire boosted risk-on sentiment. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,311 per 10 grams on June 25.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on June 25:

"Gold prices held their ground in early morning trade as a tentative ceasefire between Iran and Israel dampened safe-haven demand, though a weaker dollar and bargain-hunting after bullion's decline in the previous session helped limit losses. Iran and Israel signalled a halt to their air war following U.S. President Donald Trump's public reprimand over ceasefire violations announced earlier that day," said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services.

Also read: Is the glitter gone in gold?

"U.S. consumer confidence unexpectedly deteriorated in June as households increasingly worried about job availability, another indication that labor market conditions were softening against the backdrop of rising economic uncertainty because of the Trump administration's tariffs. Dollar index fell below 98 once again marking a one-week low, meanwhile USDINR fell by more than 70 paise in yesterday’s trade weighing on domestic prices. Federal Reserve Bank of Cleveland President Hammack said that she sees no pressing need to cut interest rates when there's still a lot of uncertainty what trade tariffs will do to inflation, which is still above the central bank's target. Focus now also shifts to US GDP, inflation and durables goods orders data," he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.