Gold prices declined on June 23, beating expectations of a sharp rise as escalating geopolitical tensions in the Middle East temporarily boosts its safe haven appeal. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,100 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 23:
| City | Price of 24k gold | Price of 22k gold |
| Delhi | Rs 1,00,840/10g | Rs 92,450/10g |
| Mumbai | Rs 1,00,690/10g | Rs 92,300/10g |
| Chennai | Rs 1,00,690/10g | Rs 92,300/10g |
| Kolkata | Rs 1,00,690/10g | Rs 92,300/10g |
| Bengaluru | Rs 1,00,690/10g | Rs 92,300/10g |
| Jaipur | Rs 1,00,840/10g | Rs 92,450/10g |
| Lucknow | Rs 1,00,840/10g | Rs 92,450/10g |
| Hyderabad | Rs 1,00,690/10g | Rs 92,300/10g |
| Ahmedabad | Rs 1,00,740/10g | Rs 92,350/10g |
(According to data on Good Returns)
"Over the weekend, the US conducted airstrikes on nuclear facilities in Iran, raising fears of further escalation in the region. However, in the morning session, gold is trading lower by ~0.4% as markets await Iran’s response. We expect continued volatility in gold prices amid rising geopolitical risks and a data-heavy week from the US," said Axis Securities.
Also read: Gold edges higher in Asia after US joins Israeli attacks on Iran
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