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- Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver prices drop further; Gold & Silver ETFs down
THE TIMES OF INDIA | Jun 11, 2026, 21:00:05 IST
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Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver prices drop further; Gold & Silver ETFs down
Gold, Silver Rate Today Live Updates: Gold and silver prices have resumed their downtrend on fresh escalation in US-Iran tensions that has led to a spike in global crude oil prices. Meanwhile, domestic gold prices have risen. The recovery in domestic prices has come despite weakness in international markets. Market participants attributed the up move to the decline in the US dollar and renewed buying interest among investors.
According to the CME FedWatch tool, traders are now assigning a probability of more than 70% to a Federal Reserve rate hike by December. Where are gold and silver prices headed in the coming days and is the long-term outlook intact? Track TOI’s live coverage on gold, silver prices:
According to the CME FedWatch tool, traders are now assigning a probability of more than 70% to a Federal Reserve rate hike by December. Where are gold and silver prices headed in the coming days and is the long-term outlook intact? Track TOI’s live coverage on gold, silver prices:
LIVE RATES · INDIA
5:28:01 am
21:00 (IST) Jun 11
Gold Rate Today: Silver extends losses for fifth session as stronger dollar weighs on metals
Silver futures remained under pressure for a fifth straight session on Thursday, falling Rs 1,705, or 0.72 per cent, to Rs 2,33,800 per kilogram on the Multi Commodity Exchange. Analysts said investors continued to favour the US dollar amid escalating tensions in West Asia and concerns over persistent inflation.
According to PTI, Motilal Oswal Financial Services analyst Manav Modi said stronger Treasury yields and a firmer dollar have reduced demand for precious metals. In international markets, Comex silver futures for July delivery declined 1.48 per cent to USD 63.78 per ounce. Investors are now awaiting the US Producer Price Index report and comments from Federal Reserve officials for clues on interest rates.
20:33 (IST) Jun 11
Gold Rate Today: Gold steadies near six-month low as weak jobs data offsets inflation concerns
Gold prices held nearly steady on Thursday after touching their lowest level since November, as weaker-than-expected US labour market data countered pressure from rising inflation and expectations of higher interest rates. Spot gold was little changed at $4,076.88 an ounce, while US gold futures fell 0.9% to $4,097.10.
Reuters reported that USA's weekly jobless claims rose to 229,000, above forecasts of 219,000. However, stronger producer and consumer inflation data reinforced expectations of a tighter monetary policy. Traders are currently pricing a 69% chance of a US rate hike in December ahead of next week's Federal Reserve meeting.
19:45 (IST) Jun 11
Gold Rate Today: Closing bullion rates in Bengaluru and Mumbai
Bengaluru's closing bullion rates stood at Rs 13,750 per gram for 22-carat gold, Rs 15,000 per gram for 24-carat gold and Rs 2,48,200 per kg for silver.
In Mumbai, standard gold (99.5) closed at Rs 1,44,202 per 10 grams, pure gold (99.9) at Rs 1,44,782 and silver at Rs 2,32,591 per kg, PTI reported.
In Mumbai, standard gold (99.5) closed at Rs 1,44,202 per 10 grams, pure gold (99.9) at Rs 1,44,782 and silver at Rs 2,32,591 per kg, PTI reported.
18:53 (IST) Jun 11
Gold Rate Today: Gold falls Rs 2,100 for second day, slips to Rs 1.53 lakh per 10 grams
Gold prices declined for the second consecutive session on Thursday, falling Rs 2,100 to Rs 1,53,900 per 10 grams in the national capital, according to marketmen. The 99.9 per cent purity metal had closed at Rs 1,56,000 per 10 grams on Wednesday. Analysts attributed the weakness to persistent inflation concerns, shifting expectations around interest rate cuts and the continued strength of the US dollar and Treasury yields.
According to PTI, HDFC Securities' Saumil Gandhi said sustained outflows from gold-backed ETFs have also weighed on investor sentiment. In international markets, spot gold traded flat at $ 4,072.21 an ounce, while investors assessed the outlook for further monetary policy tightening by major central banks.
17:56 (IST) Jun 11
Gold Rate Today: Gold rebounds from six-month low as short covering lifts prices
Gold prices rose on Thursday after touching their lowest level since November, with investors covering short positions following a prolonged sell-off. Spot gold gained 0.6% to $4,097.01 an ounce by 0836 GMT, after earlier hitting a six-month low. However, gains remained limited amid concerns over persistent inflation and the prospect of higher US interest rates.
According to Reuters, independent analyst Ross Norman said it was unclear whether the move signalled a broader recovery or merely profit-taking by short sellers. Investors are also watching developments in the US-Iran conflict and upcoming US producer price data. Traders are currently pricing a 67% chance of a US rate hike in December.
According to Reuters, independent analyst Ross Norman said it was unclear whether the move signalled a broader recovery or merely profit-taking by short sellers. Investors are also watching developments in the US-Iran conflict and upcoming US producer price data. Traders are currently pricing a 67% chance of a US rate hike in December.
17:00 (IST) Jun 11
Gold Rate Today: Volatile trade
“Gold prices witnessed volatile trade with a gap-down opening near ₹146500, but lower levels attracted buying interest, helping prices recover towards the ₹148000 zone. Rupee weakness provided additional support to MCX Gold, allowing prices to bounce back despite mixed global cues.
Crude oil, after a sharp gap-up opening and an attempt to cross $95, witnessed profit booking of more than 2%, slipping back towards $91.50. However, as long as crude prices remain elevated, inflation concerns and expectations of a tighter interest rate environment are likely to keep pressure on bullion sentiment.
Overall, profit booking continues to be visible in gold, and the market remains sensitive to movements in crude oil, the rupee, and broader macroeconomic developments,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Crude oil, after a sharp gap-up opening and an attempt to cross $95, witnessed profit booking of more than 2%, slipping back towards $91.50. However, as long as crude prices remain elevated, inflation concerns and expectations of a tighter interest rate environment are likely to keep pressure on bullion sentiment.
Overall, profit booking continues to be visible in gold, and the market remains sensitive to movements in crude oil, the rupee, and broader macroeconomic developments,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
15:55 (IST) Jun 11
Gold Rate Today: Gold prices rise internationally
Gold prices advanced on Thursday, recovering from a six-month trough as traders moved to cover bearish positions. However, persistent worries over elevated inflation and the prospect of higher US interest rates limited the upside.
Spot gold was up 0.6% at $4,097.01 per ounce by 0836 GMT, after earlier touching its weakest level since November 21.
Meanwhile, US gold futures for August settlement edged 0.4% lower to $4,118 per ounce.
According to independent analyst Ross Norman, gold appears to be heavily oversold at current levels. He said it remains uncertain whether the latest move reflects the beginning of a sustained recovery or is simply the result of short sellers locking in profits after the recent decline.
Spot gold was up 0.6% at $4,097.01 per ounce by 0836 GMT, after earlier touching its weakest level since November 21.
Meanwhile, US gold futures for August settlement edged 0.4% lower to $4,118 per ounce.
According to independent analyst Ross Norman, gold appears to be heavily oversold at current levels. He said it remains uncertain whether the latest move reflects the beginning of a sustained recovery or is simply the result of short sellers locking in profits after the recent decline.
15:31 (IST) Jun 11
Gold Rate Today: How to trade gold
Manoj Kumar Jain of Prithvi Finmart told ET that for the current trading session, gold is expected to find support between $4,040 and $3,985 per troy ounce, while resistance is likely in the $4,155-$4,210 range. For silver, support levels are placed at $62.50-$61.10 per troy ounce, whereas resistance is seen between $66.60 and $69.10 per troy ounce.
In the domestic market, MCX gold has support positioned in the Rs 1,47,200 to Rs 1,45,800 zone, with resistance projected at Rs 1,49,100-Rs 1,50,500. MCX silver, meanwhile, is supported in the Rs 2,32,200-Rs 2,28,800 band and may encounter resistance between Rs 2,39,100 and Rs 2,42,400.
According to Jain, traders may consider accumulating gold within the Rs 1,47,000-Rs 1,45,800 range, maintaining a strict stop loss below Rs 1,44,400. The upside targets are pegged at Rs 1,49,800 and Rs 1,51,100. For silver, he advises buying in the Rs 2,34,000-Rs 2,31,000 range, with a stop loss below Rs 2,26,600 and price objectives of Rs 2,39,100, Rs 2,42,400 and Rs 2,45,000.
In the domestic market, MCX gold has support positioned in the Rs 1,47,200 to Rs 1,45,800 zone, with resistance projected at Rs 1,49,100-Rs 1,50,500. MCX silver, meanwhile, is supported in the Rs 2,32,200-Rs 2,28,800 band and may encounter resistance between Rs 2,39,100 and Rs 2,42,400.
According to Jain, traders may consider accumulating gold within the Rs 1,47,000-Rs 1,45,800 range, maintaining a strict stop loss below Rs 1,44,400. The upside targets are pegged at Rs 1,49,800 and Rs 1,51,100. For silver, he advises buying in the Rs 2,34,000-Rs 2,31,000 range, with a stop loss below Rs 2,26,600 and price objectives of Rs 2,39,100, Rs 2,42,400 and Rs 2,45,000.
14:39 (IST) Jun 11
Gold Rate Today: Gold slumps over 5% on rate fears
Re-escalation of tensions between Iran and the US coupled with red hot US inflation data for May weighed heavily on the yellow metal sending it over 5% down yesterday as it fell through the cycle low of $4099 to close at $4047. Investors seeking liquidity for SpaceX IPO could also have been instrumental in the selloff.
US CPI inflation rose to 4.2% in May (forecast 4.2%, prior 3.5%), its third straight monthly acceleration and fastest in more than three years. President Trump threatened Iran with fresh strikes as the countries engaged in the worst skirmish since the ceasefire began in April.
Investors price in one full rate hike by the year-end, while another hike next year looks quite probable.
The European Central Bank is widely expected to hike the benchmark rate by a quarter percentage today as inflation risks outweigh the slow growth risk. Hawkish hike will be bearish for the metal.
Gold, currently trading with a gain of 0.50% at $4095, may test $4000 mark and fall to $3900 in the near future, though it may consolidate its losses in short run.
Resistance is at $4200/$4275, says Praveen Singh, Head of commodities at Mirae Asset ShareKhan.
13:31 (IST) Jun 11
Gold Rate Today: Gold prices under pressure
Gold prices came under heavy pressure, falling more than 4% as investors favored the US dollar amid escalating tensions between the US and Iran and higher US inflation data.
Market sentiment deteriorated after fresh US military strikes on Iranian targets and increasingly aggressive rhetoric from President Trump, who warned that Iran would “pay the price” for delaying a peace agreement and signaled further military action if negotiations continued to stall.
The ongoing closure of the Strait of Hormuz has intensified concerns over global energy supplies, keeping oil prices elevated and sustaining fears of energy-driven inflation. While US CPI data for May matched expectations, with headline inflation rising 0.5% month-on-month and 4.2% year-on-year, the highest annual reading since April 2023, softer core inflation figures provided some relief. Inflation remains heavily influenced by surging energy costs, with gasoline prices rising over 40% annually.
The combination of elevated inflation, resilient labor market conditions, higher Treasury yields and a stronger dollar continues to weigh on non-yielding assets such as gold. Focus now shifts to the US PPI report and upcoming officials commentary for further clues on the interest-rate outlook, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
Market sentiment deteriorated after fresh US military strikes on Iranian targets and increasingly aggressive rhetoric from President Trump, who warned that Iran would “pay the price” for delaying a peace agreement and signaled further military action if negotiations continued to stall.
The ongoing closure of the Strait of Hormuz has intensified concerns over global energy supplies, keeping oil prices elevated and sustaining fears of energy-driven inflation. While US CPI data for May matched expectations, with headline inflation rising 0.5% month-on-month and 4.2% year-on-year, the highest annual reading since April 2023, softer core inflation figures provided some relief. Inflation remains heavily influenced by surging energy costs, with gasoline prices rising over 40% annually.
The combination of elevated inflation, resilient labor market conditions, higher Treasury yields and a stronger dollar continues to weigh on non-yielding assets such as gold. Focus now shifts to the US PPI report and upcoming officials commentary for further clues on the interest-rate outlook, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
12:31 (IST) Jun 11
Gold Rate Today: Gold, silver ETFs plunge
Gold and silver exchange-traded funds (ETFs) came under sharp selling pressure on Thursday, declining by as much as 7% after precious metal prices opened significantly lower on the Multi Commodity Exchange (MCX). Investor sentiment weakened amid escalating geopolitical tensions in the Middle East and a surge in crude oil prices following fresh US military strikes on Iran.
SBI Gold ETF emerged as the biggest loser among gold-backed funds, falling 7% to an intraday low of Rs 116.32 from its previous close of Rs 125. Nippon India ETF Gold BeES, Tata Gold ETF, HDFC Gold ETF and Kotak Gold ETF also witnessed notable declines of around 6% each. The remaining gold ETFs in the segment registered losses ranging from 1% to 5%.
The weakness extended to silver-backed funds as well. All 18 silver ETFs traded in negative territory, recording declines of up to 3%. ICICI Prudential Mutual Fund's Silver ETF posted the steepest fall among its peers during the session.
SBI Gold ETF emerged as the biggest loser among gold-backed funds, falling 7% to an intraday low of Rs 116.32 from its previous close of Rs 125. Nippon India ETF Gold BeES, Tata Gold ETF, HDFC Gold ETF and Kotak Gold ETF also witnessed notable declines of around 6% each. The remaining gold ETFs in the segment registered losses ranging from 1% to 5%.
The weakness extended to silver-backed funds as well. All 18 silver ETFs traded in negative territory, recording declines of up to 3%. ICICI Prudential Mutual Fund's Silver ETF posted the steepest fall among its peers during the session.
11:31 (IST) Jun 11
Gold Rate Today: MCX Gold, MCX Silver futures drop further
Gold and silver prices witnessed a sharp decline at the opening on the Multi Commodity Exchange (MCX) on Thursday as renewed geopolitical tensions in the Middle East and higher crude oil prices dampened investor sentiment following fresh US military action against Iran.
In domestic trade, MCX silver contracts for July 2026 delivery fell Rs 5,012, or around 2%, to Rs 2,30,492 per kg. Gold futures for August 2026 delivery dropped Rs 1,573, or about 1%, to Rs 1,46,444 per 10 grams. In the previous session, gold had settled lower, while silver managed modest gains.
Inflation concerns have also emerged as a key factor weighing on market sentiment. Rising tensions in West Asia have pushed up energy prices, contributing to stronger inflationary pressures in the United States and reinforcing expectations that the Federal Reserve could keep interest rates elevated for a prolonged period.
Data released by the US Labor Department's Bureau of Labor Statistics on Wednesday showed that consumer inflation accelerated to its highest level in three years in May, driven by a sharp increase in gasoline and other energy-related costs amid the ongoing Middle East conflict.
The Consumer Price Index (CPI) rose 4.2% in the 12 months to May, marking the steepest annual increase since April 2023.
In domestic trade, MCX silver contracts for July 2026 delivery fell Rs 5,012, or around 2%, to Rs 2,30,492 per kg. Gold futures for August 2026 delivery dropped Rs 1,573, or about 1%, to Rs 1,46,444 per 10 grams. In the previous session, gold had settled lower, while silver managed modest gains.
Inflation concerns have also emerged as a key factor weighing on market sentiment. Rising tensions in West Asia have pushed up energy prices, contributing to stronger inflationary pressures in the United States and reinforcing expectations that the Federal Reserve could keep interest rates elevated for a prolonged period.
Data released by the US Labor Department's Bureau of Labor Statistics on Wednesday showed that consumer inflation accelerated to its highest level in three years in May, driven by a sharp increase in gasoline and other energy-related costs amid the ongoing Middle East conflict.
The Consumer Price Index (CPI) rose 4.2% in the 12 months to May, marking the steepest annual increase since April 2023.
10:32 (IST) Jun 11
Gold Rate Today: Interest rate hike coming?
Although gold is widely regarded as a hedge against inflation, higher interest rates generally reduce the appeal of the non-yielding asset.
According to the CME FedWatch tool, traders are currently assigning a probability of more than 70% to a US interest-rate increase by December.
On the geopolitical front, the US military confirmed on Wednesday that it had launched another round of strikes on multiple targets in Iran overnight, hours after President Donald Trump warned of further action if efforts to secure a peace agreement fail.
Crude oil prices also rose sharply, gaining more than $2 a barrel after Iran announced the closure of the Strait of Hormuz in response to the US attacks.
Among other precious metals, spot silver advanced 0.3% to $63.86 per ounce, platinum rose 0.6% to $1,673.75, while palladium jumped 2.2% to $1,239.89 per ounce.
According to the CME FedWatch tool, traders are currently assigning a probability of more than 70% to a US interest-rate increase by December.
On the geopolitical front, the US military confirmed on Wednesday that it had launched another round of strikes on multiple targets in Iran overnight, hours after President Donald Trump warned of further action if efforts to secure a peace agreement fail.
Crude oil prices also rose sharply, gaining more than $2 a barrel after Iran announced the closure of the Strait of Hormuz in response to the US attacks.
Among other precious metals, spot silver advanced 0.3% to $63.86 per ounce, platinum rose 0.6% to $1,673.75, while palladium jumped 2.2% to $1,239.89 per ounce.
09:31 (IST) Jun 11
Gold Rate Today: Inflation data in focus
Matt Simpson, Senior Analyst at StoneX told Reuters that the approach towards the $4,000 mark had created a significant support zone, encouraging bearish traders to lock in profits while also attracting buyers who had been waiting on the sidelines.
He added that the US dollar had failed to strengthen meaningfully after Wednesday's Consumer Price Index data, suggesting that gold could see a technical recovery in the near term unless the upcoming Producer Price Index figures deliver an unexpected surprise.
Recent data showed that consumer inflation in the United States accelerated at its fastest pace in three years during May, driven largely by higher energy costs linked to the ongoing conflict in the Middle East.
Market participants are now focused on the May Producer Price Index report, due later in the day, for further indications on the Federal Reserve's next policy move.
He added that the US dollar had failed to strengthen meaningfully after Wednesday's Consumer Price Index data, suggesting that gold could see a technical recovery in the near term unless the upcoming Producer Price Index figures deliver an unexpected surprise.
Recent data showed that consumer inflation in the United States accelerated at its fastest pace in three years during May, driven largely by higher energy costs linked to the ongoing conflict in the Middle East.
Market participants are now focused on the May Producer Price Index report, due later in the day, for further indications on the Federal Reserve's next policy move.
08:26 (IST) Jun 11
Gold Rate Today: Gold prices rise from 6-month lows
Gold prices recovered on Thursday after touching their lowest level in six months, with short-covering activity helping the metal bounce back as investors waited for a key US inflation report that could offer fresh clues on the Federal Reserve's policy path.
Spot gold gained 0.4% to $4,089.12 per ounce by 0215 GMT, rebounding from an intraday low of $4,022.09, its weakest level since November 21. Meanwhile, US gold futures for August delivery were trading 0.5% lower at $4,111.10 per ounce.
Spot gold gained 0.4% to $4,089.12 per ounce by 0215 GMT, rebounding from an intraday low of $4,022.09, its weakest level since November 21. Meanwhile, US gold futures for August delivery were trading 0.5% lower at $4,111.10 per ounce.
07:31 (IST) Jun 11
Gold Rate Today: Smuggling risks seen rising amid high tariffs
Industry officials and bullion dealers said India’s sharp increase in gold import tariffs is fuelling a resurgence in smuggling activity.
They estimated illegal inflows could exceed 100 metric tons this year, as grey market margins allow smugglers to undercut banks and refiners.
The trend highlights ongoing challenges for enforcement agencies as price gaps between official and unofficial channels widen.
They estimated illegal inflows could exceed 100 metric tons this year, as grey market margins allow smugglers to undercut banks and refiners.
The trend highlights ongoing challenges for enforcement agencies as price gaps between official and unofficial channels widen.
06:01 (IST) Jun 11
Gold Rate Today: Technical signals point to further weakness
Analysts noted that gold’s fall below its 200-day moving average is a bearish technical signal that could trigger additional selling. Market strategist Lukman Otunuga said the breakdown may add momentum to the downside move, supported by weakening fundamentals.
Traders are watching whether technical levels continue to hold or accelerate the current decline.
Traders are watching whether technical levels continue to hold or accelerate the current decline.
04:29 (IST) Jun 11
Gold Rate Today: Markets price 70% chance of US rate hike
Traders are currently pricing in a 70% chance of a US interest rate hike in December, according to CME FedWatch data. The expectation of higher rates is adding pressure on gold, which does not yield interest.
Investors are closely watching upcoming US inflation data for further signals on the Federal Reserve’s policy direction in the months ahead.
Investors are closely watching upcoming US inflation data for further signals on the Federal Reserve’s policy direction in the months ahead.
03:00 (IST) Jun 11
Gold Rate Today: US inflation data and Fed outlook remain key focus
Investors are closely watching incoming US economic data for signals on the Federal Reserve’s next move. The US labour department reported that the Consumer Price Index excluding food and energy rose 0.2% month-on-month in May, after increasing 0.4% in April.
Markets are now awaiting Thursday’s Producer Price Index report for further clues on the inflation outlook.
Despite the recent sell-off, Paul Wong of Sprott Asset Management said inflation concerns, central bank purchases and worries over currency debasement continue to provide longer-term support for gold prices.
Markets are now awaiting Thursday’s Producer Price Index report for further clues on the inflation outlook.
Despite the recent sell-off, Paul Wong of Sprott Asset Management said inflation concerns, central bank purchases and worries over currency debasement continue to provide longer-term support for gold prices.
01:29 (IST) Jun 11
Gold Rate Today: Spot gold drops 2.7% to lowest since March 23
Spot gold fell 2.7% to $4,148.86 per ounce by 1159 GMT, marking its weakest level since March 23. US gold futures for August delivery also declined 2.7% to $4,169.90.
The simultaneous drop in both spot and futures prices highlights broad-based selling pressure in global bullion markets as traders react to geopolitical developments and changing rate expectations.
The simultaneous drop in both spot and futures prices highlights broad-based selling pressure in global bullion markets as traders react to geopolitical developments and changing rate expectations.
00:01 (IST) Jun 11
Gold Rate Today: Gold falls to over two-month low amid Middle East tensions
Gold prices slipped to a more than two-month low on Wednesday as renewed fighting in the Middle East dampened hopes of de-escalation in the US-Israeli conflict with Iran.
The escalation has increased concerns over inflation and potential interest rate hikes, adding pressure on bullion markets. Investors are now reassessing safe-haven demand as geopolitical risks intensify while monetary policy expectations shift.
The escalation has increased concerns over inflation and potential interest rate hikes, adding pressure on bullion markets. Investors are now reassessing safe-haven demand as geopolitical risks intensify while monetary policy expectations shift.
23:10 (IST) Jun 10
Gold Rate Today: Trump warns Iran as markets assess fallout from escalating conflict
Gold markets remained under pressure as investors reacted to fresh warnings from US President Donald Trump over Iran. Trump said Tehran had taken too long to negotiate a deal and would now “have to pay the price”, later adding that the US would attack Iran “very hard” if no peace agreement is reached.
The remarks came after Iran launched missile and drone attacks on US bases in Jordan, Kuwait and Bahrain. Traders said the growing geopolitical uncertainty is being overshadowed by concerns that the conflict could fuel inflation and keep interest rates higher for longer.
The remarks came after Iran launched missile and drone attacks on US bases in Jordan, Kuwait and Bahrain. Traders said the growing geopolitical uncertainty is being overshadowed by concerns that the conflict could fuel inflation and keep interest rates higher for longer.
22:16 (IST) Jun 10
Gold Rate Today: Import tariffs raised to 15% last month
India last month increased import tariffs on gold and silver to 15% from 6% as part of efforts to curb overseas purchases and reduce pressure on foreign exchange reserves.
The policy shift had initially pushed domestic prices higher.
The latest correction now brings market rates back below earlier levels, offsetting some of the impact of the duty hike, traders said.
The policy shift had initially pushed domestic prices higher.
The latest correction now brings market rates back below earlier levels, offsetting some of the impact of the duty hike, traders said.
21:22 (IST) Jun 10
Gold Rate Today: Higher imports likely if demand strengthens
Market observers said the drop in prices could lead to higher gold imports in India if demand improves. As the world’s second-largest consumer of gold, India typically sees import volumes rise when domestic prices ease.
However, analysts also noted that policy changes and global price trends will continue to influence import flows in the coming weeks.
However, analysts also noted that policy changes and global price trends will continue to influence import flows in the coming weeks.
20:26 (IST) Jun 10
Gold Rate Today: Demand may rebound as prices correct
Dealers said the price correction in gold could help revive jewellery demand, which has been subdued in recent weeks.
A Mumbai-based bullion dealer with a private bank said lower prices may encourage buyers to return to the market.
India’s gold consumption often responds quickly to price movements, and traders are watching whether this decline triggers a short-term pickup in retail buying activity.
A Mumbai-based bullion dealer with a private bank said lower prices may encourage buyers to return to the market.
India’s gold consumption often responds quickly to price movements, and traders are watching whether this decline triggers a short-term pickup in retail buying activity.
19:28 (IST) Jun 10
Gold Rate Today: Futures slip to 149,500 rupees per 10 grams
Domestic gold futures fell 1.93% on Wednesday to 149,500 rupees per 10 grams, the lowest since May 5. The drop reflects broader weakness in global gold markets and continued volatility in bullion trading.
Market participants said the correction has brought prices back to levels last seen before recent tax changes, creating a more competitive buying environment for consumers and jewellers.
Market participants said the correction has brought prices back to levels last seen before recent tax changes, creating a more competitive buying environment for consumers and jewellers.
18:38 (IST) Jun 10
Gold Rate Today: Indian gold prices fall nearly 2% to lowest since early May
Indian gold prices dropped nearly 2% on Wednesday, hitting their lowest level since early May, as global bullion prices fell sharply. The decline pushed domestic rates below pre-duty-hike levels, marking a key correction in the market.
Dealers said the fall could revive retail demand in India, the world’s second-largest gold consumer, and potentially lift imports in the coming weeks if prices remain subdued.
Dealers said the fall could revive retail demand in India, the world’s second-largest gold consumer, and potentially lift imports in the coming weeks if prices remain subdued.
17:32 (IST) Jun 10
Gold Rate Today: Gold prices to find support in coming months
"The recent correction in gold prices is largely driven by a stronger US dollar, supported by robust economic data, which has reinforced expectations of prolonged higher interest rates. Elevated bond yields have further reduced the appeal of non-yielding assets like gold. At the same time, fluctuating safe-haven demand amid ongoing US–Iran tensions and delays in reaching a ceasefire has added uncertainty, limiting upside momentum. For investors, the decline presents an opportunity to accumulate through a staggered SIP approach or on dips. Meanwhile, a weaker rupee and the onset of festive and wedding demand in India are expected to support domestic prices in the coming months,” says Hareesh V, Head of Commodity Research, Geojit Investments Limited.
16:31 (IST) Jun 10
Gold Rate Today: When will gold prices rise?
“The import duty hike helped gold achieve the ₹165,000 target almost immediately, but that move was largely policy-driven and created a profit-booking opportunity rather than a fresh long-term breakout. Going ahead, investors should avoid lump-sum buying and instead accumulate on declines. The ₹140,000 zone appears to be a strong long-term demand area, while ₹125,000 could offer an even better accumulation opportunity if global interest rates remain elevated. For gold to reclaim and sustain above ₹175,000, we would need a combination of lower interest rates, a weaker dollar, softer crude prices, and a complete resolution of major geopolitical tensions,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
15:31 (IST) Jun 10
Gold Rate Today: Why gold is extending its decline
Spot gold has extended its decline today as US-Iran tensions have resurfaced.
The US military’s Central Command (CENTCOM) carried out self-defence strikes against Iran in response to the downing of a US helicopter by Iranian forces on Monday. In reaction, Iran’s Islamic Revolutionary Guard Corps (IRGC) attacked the United States' forces in Bahrain, Jordan and Kuwait.
Although crude oil, US Dollar Index and US yields are largely steady, gold is under intense downside pressure.
Selloff in gold is coming on US ten-year yields staying above 4.50%; expectations of hot CPI inflation data that is to be released today; continuing impact of strong US nonfarm payroll data; weak ETF flows; and technical breakdown below 200DMA around $4425.
Gold, currently trading 2.2% lower at $4166, is expected to trade with a bearish bias.
Bears eye test of the cycle low support at $4099. Resistance is at $4366/$4400, says Praveen Singh, Head of commodities at Mirae Asset ShareKhan.
The US military’s Central Command (CENTCOM) carried out self-defence strikes against Iran in response to the downing of a US helicopter by Iranian forces on Monday. In reaction, Iran’s Islamic Revolutionary Guard Corps (IRGC) attacked the United States' forces in Bahrain, Jordan and Kuwait.
Although crude oil, US Dollar Index and US yields are largely steady, gold is under intense downside pressure.
Selloff in gold is coming on US ten-year yields staying above 4.50%; expectations of hot CPI inflation data that is to be released today; continuing impact of strong US nonfarm payroll data; weak ETF flows; and technical breakdown below 200DMA around $4425.
Gold, currently trading 2.2% lower at $4166, is expected to trade with a bearish bias.
Bears eye test of the cycle low support at $4099. Resistance is at $4366/$4400, says Praveen Singh, Head of commodities at Mirae Asset ShareKhan.
14:31 (IST) Jun 10
Gold Rate Today: Gold futures drop
Gold prices declined on Wednesday in futures trading, falling by Rs 1,593 per 10 grams amid weaker demand in the physical market.
On the Multi Commodity Exchange (MCX), gold contracts scheduled for August delivery were trading at Rs 1,50,850 per 10 grams, down Rs 1,593 or 1.04%, with a turnover of 1,629 lots.
Market analysts attributed the decline in domestic gold prices to subdued trends in international bullion markets.
In global trade, gold futures in New York slipped 0.96% to USD 4,220.05 per ounce.
On the Multi Commodity Exchange (MCX), gold contracts scheduled for August delivery were trading at Rs 1,50,850 per 10 grams, down Rs 1,593 or 1.04%, with a turnover of 1,629 lots.
Market analysts attributed the decline in domestic gold prices to subdued trends in international bullion markets.
In global trade, gold futures in New York slipped 0.96% to USD 4,220.05 per ounce.
13:31 (IST) Jun 10
Gold Rate Today: Chennai opening bullion rates on Wednesday
1 Gm Gold 22 Kt: Rs 13,800.00
1 Gm Gold 18 Kt: Rs 11,570.00
1 Gm Silver: Rs 260.00
1 Gm Gold 18 Kt: Rs 11,570.00
1 Gm Silver: Rs 260.00
12:30 (IST) Jun 10
Gold Rate Today: Gold prices fall to below duty hike levels
Gold prices in India fell nearly 2% on Wednesday, slipping to their lowest level since early May and dropping below levels seen before the recent import duty increase, as a sharp correction in global bullion markets weighed on domestic rates.
Market participants said the decline could revive buying interest in the world's second-largest gold-consuming nation and potentially support an increase in imports.
Domestic gold futures dropped 1.93% to Rs 1,49,500 per 10 grams, marking their weakest level since May 5.
Last month, India increased import duties on gold and silver to 15% from 6% as part of measures aimed at reducing purchases from overseas markets and easing pressure on the country's foreign exchange reserves.
Market participants said the decline could revive buying interest in the world's second-largest gold-consuming nation and potentially support an increase in imports.
Domestic gold futures dropped 1.93% to Rs 1,49,500 per 10 grams, marking their weakest level since May 5.
Last month, India increased import duties on gold and silver to 15% from 6% as part of measures aimed at reducing purchases from overseas markets and easing pressure on the country's foreign exchange reserves.
11:19 (IST) Jun 10
Gold Rate Today: How to trade gold
Manoj Kumar Jain of Prithvi Finmart told ET that gold is expected to find support in the $4,220-$4,174 per troy ounce range, while resistance levels are placed between $4,340 and $4,385 per troy ounce.
For silver, he identified support at $61.20-$59.10 per troy ounce and resistance in the $67.70-$70.00 range.
In the domestic market, Jain expects gold on the MCX to have support between Rs 1,51,150 and Rs 1,50,000, while resistance is seen at Rs 1,53,500-Rs 1,54,400.
Silver, meanwhile, is likely to find support in the Rs 2,33,300-Rs 2,28,800 band, with resistance levels placed at Rs 2,41,400-Rs 2,45,000.
Jain advised traders to avoid taking fresh positions in gold and silver at current levels and wait for greater clarity in price action. However, he said long-term investors may use the ongoing correction to gradually build exposure through the SIP route.
For silver, he identified support at $61.20-$59.10 per troy ounce and resistance in the $67.70-$70.00 range.
In the domestic market, Jain expects gold on the MCX to have support between Rs 1,51,150 and Rs 1,50,000, while resistance is seen at Rs 1,53,500-Rs 1,54,400.
Silver, meanwhile, is likely to find support in the Rs 2,33,300-Rs 2,28,800 band, with resistance levels placed at Rs 2,41,400-Rs 2,45,000.
Jain advised traders to avoid taking fresh positions in gold and silver at current levels and wait for greater clarity in price action. However, he said long-term investors may use the ongoing correction to gradually build exposure through the SIP route.
11:17 (IST) Jun 10
Gold Rate Today: MCX Gold, MCX Silver plunge around 2%
Gold and silver prices witnessed a sharp decline at the opening on the Multi Commodity Exchange (MCX) on Wednesday as renewed tensions in the Middle East, a stronger US dollar and higher crude oil prices dampened sentiment after Iran responded to recent US airstrikes.
In domestic trade, MCX silver contracts for July 2026 delivery fell Rs 4,528, or around 2%, to Rs 2,34,000 per kg. Gold futures for August 2026 delivery dropped Rs 2,555, also nearly 2%, to Rs 1,49,888 per 10 grams. Both precious metals had ended the previous session with losses.
The strengthening dollar added pressure to bullion prices by making gold costlier for investors using other currencies. Meanwhile, crude oil prices rose about 1%, reviving concerns over inflation and strengthening expectations that interest rates could stay higher for an extended period.
While gold is often regarded as a safeguard against inflation, a rising interest-rate environment tends to reduce the attractiveness of the non-interest-bearing metal.
In domestic trade, MCX silver contracts for July 2026 delivery fell Rs 4,528, or around 2%, to Rs 2,34,000 per kg. Gold futures for August 2026 delivery dropped Rs 2,555, also nearly 2%, to Rs 1,49,888 per 10 grams. Both precious metals had ended the previous session with losses.
The strengthening dollar added pressure to bullion prices by making gold costlier for investors using other currencies. Meanwhile, crude oil prices rose about 1%, reviving concerns over inflation and strengthening expectations that interest rates could stay higher for an extended period.
While gold is often regarded as a safeguard against inflation, a rising interest-rate environment tends to reduce the attractiveness of the non-interest-bearing metal.
08:23 (IST) Jun 10
Gold Rate Today: Revival in smuggling?
In India, a sharp increase in gold import duties has reportedly led to a revival in smuggling activity, with estimates suggesting illicit inflows could surpass 100 metric tonnes this year as widening grey-market margins allow smugglers to offer gold at prices below those of banks and refiners.
08:23 (IST) Jun 10
Gold Rate Today: Gold price round-up from Monday
Gold prices bounced back on Tuesday, rising by Rs 1,500 to move above the Rs 1.60 lakh per 10 grams level in the national capital, supported by a softer US dollar and improved sentiment in the bullion market.
According to local traders, gold of 99.9% purity advanced to Rs 1,60,300 per 10 grams, inclusive of taxes, compared with Monday's closing price of Rs 1,58,800 per 10 grams.
According to local traders, gold of 99.9% purity advanced to Rs 1,60,300 per 10 grams, inclusive of taxes, compared with Monday's closing price of Rs 1,58,800 per 10 grams.
08:23 (IST) Jun 10
Silver Rate Today: Silver prices drop over 1%
Among other precious metals, spot silver declined 1.4% to $64.48 per ounce. Platinum fell 1.5% to $1,700.38, while palladium slipped 0.8% to $1,212.67 per ounce.
08:22 (IST) Jun 10
Gold Rate Today: Crude oil gains 1%
A stronger US dollar added pressure on bullion prices by making gold more expensive for buyers using other currencies.
Fresh geopolitical tensions emerged after the United States launched strikes on Iran on Tuesday. The action followed President Donald Trump's claim that Iran had shot down a US Apache helicopter near the Strait of Hormuz, further clouding prospects for a peace agreement and putting additional strain on an already fragile ceasefire.
Crude oil prices gained around 1%, reviving fears that higher energy costs could fuel inflation and keep interest rates elevated for longer.
Fresh geopolitical tensions emerged after the United States launched strikes on Iran on Tuesday. The action followed President Donald Trump's claim that Iran had shot down a US Apache helicopter near the Strait of Hormuz, further clouding prospects for a peace agreement and putting additional strain on an already fragile ceasefire.
Crude oil prices gained around 1%, reviving fears that higher energy costs could fuel inflation and keep interest rates elevated for longer.
08:22 (IST) Jun 10
Gold Rate Today: Gold prices drop over 1%
Gold prices declined by more than 1% on Wednesday as rising crude oil prices, triggered by renewed tensions between the United States and Iran, heightened concerns about inflation and the possibility of further interest rate increases.
Spot gold dropped 1.4% to $4,203.20 per ounce by 0050 GMT. The precious metal had already touched its lowest level since March 23 during Tuesday's session.
US gold futures for August delivery also fell 1.4% to $4,227 per ounce.
Spot gold dropped 1.4% to $4,203.20 per ounce by 0050 GMT. The precious metal had already touched its lowest level since March 23 during Tuesday's session.
US gold futures for August delivery also fell 1.4% to $4,227 per ounce.
Gold, Silver Rate Today Live Updates: Although gold is often viewed as a safeguard against inflation, higher interest rates generally reduce the appeal of the non-yielding asset.
Investors are awaiting important US inflation data due this week, including the Consumer Price Index (CPI) report scheduled for release later on Wednesday and the Producer Price Index (PPI) data due on Thursday. The figures are expected to provide further clues on the Federal Reserve's policy direction.
Investor confidence has earlier improved after Iran and Israel agreed to suspend attacks, while remarks by US President Donald Trump suggesting progress towards a formal ceasefire strengthened hopes of a diplomatic solution to the conflict. But fresh tensions have led to gold prices dropping.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
Investors are awaiting important US inflation data due this week, including the Consumer Price Index (CPI) report scheduled for release later on Wednesday and the Producer Price Index (PPI) data due on Thursday. The figures are expected to provide further clues on the Federal Reserve's policy direction.
Investor confidence has earlier improved after Iran and Israel agreed to suspend attacks, while remarks by US President Donald Trump suggesting progress towards a formal ceasefire strengthened hopes of a diplomatic solution to the conflict. But fresh tensions have led to gold prices dropping.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
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