Gold prices declined on June 20 after US Fed kept its interest rates unchanged and tensions between Israel and Iran escalated. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,847 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 20:
| City | Price of 24k gold | Price of 22k gold |
| Delhi | Rs 1,00,630/10g | Rs 92,250/10g |
| Mumbai | Rs 1,00,480/10g | Rs 92,100/10g |
| Chennai | Rs 1,00,480/10g | Rs 92,100/10g |
| Kolkata | Rs 1,00,480/10g | Rs 92,100/10g |
| Bengaluru | Rs 1,00,480/10g | Rs 92,100/10g |
| Jaipur | Rs 1,00,630/10g | Rs 92,250/10g |
| Lucknow | Rs 1,00,630/10g | Rs 92,250/10g |
| Hyderabad | Rs 1,00,480/10g | Rs 92,100/10g |
| Ahmedabad | Rs 1,00,530/10g | Rs 92,150/10g |
"Gold’s prices rally took breather this week on profit-booking, after U.S. Fed's hawkish comments on interest rates and easing geo-political risk premium following reports that U.S. President Donald Trump likely decide on entering the Iran-Israel war in two weeks - leaving some room for Iran to negotiate on its nuclear program," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services.
Also read: In 2025, platinum has outrun gold and silver with a near 49 percent rally to hit a decade high
"Geopolitical developments added to market uncertainty, as President Trump floated the idea of meeting with Iran over the Iran-Israel conflict, and Russian President Putin expressed readiness for substantive peace talks with Ukraine. There is still no resolution on the Israel and Iran and the war like situation continues however expectations of an ease off is weighing on prices. US weekly jobless claims also was reported lower than expectations giving a jerk to prices," said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services.
Also read: Silver extends rally to hit fresh all-time high, gold loses shine: What lies ahead?
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