Gold Prices in Chennai, Bangalore, June 10; 24K Gold Down Rs. 20,200/100g in 3 Days, 3% Below Record High

Gold price today continues to bring relief for buyers, as rates have declined for the third time in the last four days across major southern cities like Chennai and Bangalore. The ongoing dip in prices is largely due to low demand from local buyers and investors, which has eased the gold rate in India.

Over the past three days, the 24-carat gold price has dropped by ₹20,200 per 100 grams, making this a favourable time to buy gold. People who are interested in gold are hoping to make the most of this correction, as gold prices are currently 3% from the record high level that they touched in April 2025.

Gold Rate in Chennai Today

As of 10th June, the 24-carat gold rate in Chennai fell once again by Rs. 110 per 10 grams to cost Rs. 97,758 per 10 grams. While the 22-carat gold prices in Chennai today dropped by Rs. 100 and currently cost Rs. 89,450 per 10 grams. Even the 18-carat gold rate today declined by Rs 80 per 10 grams to cost Rs 73,190.

Gold rate in Bangalore today

The 24-carat gold prices in Bangalore declined by Rs. 110, bringing the rate down to Rs. 97,758 per 10 grams. Similarly, the price of 22-carat gold in Bangalore fell by Rs. 100 and now stands at Rs. 89,450 per 10 grams. Even 18-carat gold saw a decline of Rs. 80, with the latest rate at Rs. Rs.73,190 per 10 grams.

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MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on August 5th are currently lower by 0.48% at Rs 96,710. Similarly, silver futures, which are set to expire on July 4, 2025, also slipped by 0.55% and are trading at Rs 1,06,498 at the time of writing on June 10th.

As per the ICICI Commodity Report, "MCX Gold Aug is expected to slip towards the ₹96,100 level as long as it stays below the ₹97,500 level. While MCX Silver July is expected to correct towards the ₹105,000 level as long as it trades below the ₹107,500 level."

Silver Rate in Chennai Today

Silver prices in Chenani today Saw some gains for the Sixth Tie this month, rising Rs. 9000 per kilogram so far. Currently, 1 kg of silver in Chenani costs Rs 119,000 after jumping Rs 1,000. While 100 g of silver rates in India cost Rs 11,900, which rose Rs 100.

Silver Rate in Bangalore Today

Silver rate in Bangalore today mirrored Chennai's rise. At present, 1 kg of silver in Bangalore costs Rs. 1,09,000, which surged by Rs. 1000. While 100 g of silver rates in India cost Rs 10,900 after rising Rs 100.

Spot Gold Prices + Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold fell 0.6% to $3,307.72 an ounce, as of 0502 GMT. U.S. gold futures slipped 0.8% to $3,327.50. Spot silver was down 0.5% to $36.52 per ounce."

"Spot gold prices ended on a positive note, gaining 0.48%, while silver prices gained more than 2% yesterday on weakness in the dollar and softening of U.S. treasury yields. Further, demand for safe havens increased with rising geopolitical tension in Eastern Europe and as traders kept a close eye on the ongoing U.S.-China trade talks. Spot gold is likely to slip towards the $3270 level as long as it stays below the $3340 level." According to the ICICI Commodity Report

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