CURRENT NEWS
Gold climbs ₹10 to ₹1,01,410; silver jumps ₹100 to trade at ₹1,10,100
SUMMARY
The Business Standard article reports that on June 14, 2025, gold and silver prices in India saw slight increases.
Key details
- Gold Prices: The price of 24-carat gold rose by ₹10, with ten grams trading at ₹1,01,410, according to GoodReturns. The price of 22-carat gold also increased by ₹10, with ten grams selling at ₹92,960. In Mumbai, Kolkata, and Chennai, ten grams of 24-carat gold was priced at ₹1,01,410, while in Delhi, it was ₹1,01,560.
- Silver Prices: The price of silver jumped by ₹100, with one kilogram trading at ₹1,10,100. In Chennai, one kilogram of silver was priced higher at ₹1,20,100.
- Global Context: U.S. gold prices reached their highest level in nearly two months, driven by safe-haven demand following Israeli military strikes on Iran's nuclear facilities. Spot gold rose 1.2% to $3,423.30 per ounce, with a weekly gain of over 3.4%. U.S. gold futures increased 1.2% to $3,444.50. Spot silver, however, fell 0.3% to $36.25 per ounce, though it was set for a weekly gain.
The rise in gold prices was attributed to heightened geopolitical tensions in the Middle East, particularly Israel-Iran conflicts, boosting demand for safe-haven assets.
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