Gold rate today: Yellow metal gets cheaper; check the latest prices in your city on June 18

Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,372 per 10 grams today.

Gold prices remained volatile on June 18 amid heightened tensions between Israel and Iran. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,372 per 10 grams today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on June 18:

Amit Jain, Co-Founder of Ashika Global Family Office Services, said, "The recent Middle East tensions have added volatility to global equities, but this isn’t a time to panic. Historically, such geopolitical shocks cause sharp, short-lived market reactions unless they escalate into wider economic disruptions. Investors should stay disciplined, not reactive, maintaining a balanced portfolio with exposure to defensives, gold, and quality large caps...Gold and silver, despite nearing highs, still offer strategic value as hedges against inflation and currency risk."

Also read: Weighed by global conflicts, central banks see gold reserves on the rise

Kaynat Chainwala, AVP - Commodity Research at Kotak Securities, said, "Today, gold remained steady above the $3,400 mark as rising risks of a broader war in the Middle East continued to lend safe-haven support. Investors are also focused on today’s FOMC meeting. While the Fed is widely expected to keep interest rates unchanged, attention will be on its economic projections for forward guidance regarding the timing and extent of possible future rate cuts."

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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.