Gold rate today: Yellow metal rises; check the latest prices in your city on June 12

Gold rate today

Gold prices jumped on June 12 amid global uncertainties. Gold's August contracts on the Multi Commodity Exchange of India (MCX) were trading at Rs 98,239 per 10 gram 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 12:

"Gold prices rallied sharply on Comex, rising by $50 overnight as renewed concerns over the US debt ceiling and escalating geopolitical tensions with Iran triggered a flight to safe-haven assets. The rally pushed Comex gold above $3370, while MCX gold surged by Rs 1,200 to cross Rs 98,000. The broader uptrend in gold remains intact, with heightened sensitivity to geopolitical developments fueling fresh buying interest," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

"Technically, key support remains at $3290 on Comex and Rs 96,000 on MCX, while immediate resistance is seen at $3400 and Rs 99,500 respectively," he added.

Also read: Silver ETF AUM doubles in a year, outpaces gold ETFs despite lower returns

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