Gold Rate in India Hits 10-Day Low! 24K Gold Price Sinks Rs 6,000/100 gm; Time To Buy? Check Rates on June 28

Gold Rate in India Today: The price of gold in India continued its downward trajectory and brought cheers among gold jewellery buyers. Falling gold rate in India today is a reflection of consolidating international prices of the bullion amid easing geopolitical tensions and improving trade prospects.

Gold Rate in India today has plunged to its 10-day low mark of Rs 97,420 per 10 gram amid easing tensions between Israel and Iran. The precious metal prices jumped phenomenally over the past few days as clashes between the two nations were followed by United States air strikes on Iranian nuclear sites. The development sparked fears of wider conflict, however, Iran and Israel agreed to a fragile ceasefire agreement (as of now).

Gold Rate in India Today

Back in India, the improving geopolitical situation has raised hope among retail gold buyers of further decline in the gold prices in India. Till then, take a look at the latest gold rates in India today.

The price of 24 karat gold declined by Rs 6,000 to Rs 9,74,200 per 100 gram. Likewise, the price of 22 karat gold in India fell by Rs 5,500 to Rs 8,93,000 per 100 gram. The price of 18 karat gold, which is also known as 999 gold, fell by Rs 4,500 to Rs 7,30,700 per 100 gram.

Commenting on the gold price outlook, brokerage Nirmal Bang noted, "Gold prices are expected to correct. Traders can sell at 96700 with a stop loss of 97100 for the target at 96300-96000."

Gold rate touched its 10 day-high mark of Rs 10,07,500 per 100 gram on June 21 amid heightened geopolitical tensions and fears of further escalation of the situation. The gold prices have been fluctuating significantly over the past few months due to heightened volatility, global trade tensions, tensions.

The price of yellow metal has surged more than 25% since the beginning of year 2025 as the United States President Donald Trump's policy shift has sparked fears of a US-led global economic slowdown across the world.

Silver Rate in India Today

Silver rates today have followed the gold price trend and have declined to widen the gap between their current rates and their all-time highs. Silver rate in India today stood at Rs 107.8 per gram and Rs 1,07,800 per kilogram on Saturday, June 28. The silver prices are still close to their all-time high mark amid sudden spurt in the demand for the precious metal, especially because of its industrial usage.

International Gold Rate Today

The gold prices declined nearly 1.5% and dipped below $3,270 per ounce on Friday. With this drop, international gold rate today stands with a 3% weekly decline. The third weekly loss in the price of the precious metal has come against the backdrop of easing geopolitical tensions and improving global trade prospects. Due to this, there has been a slight reduction in the demand for safe-haven assets like gold. Many investors see the situation as a profit-booking.

In addition to the easing Iran-Israel tensions, positive developments relate to US-China trade talks have further fuelled the optimism among global investors about the economy. Additionally, the US data has showed that the core PCE index rose slightly above expectations and remained constant. For India, the country has successfully managed to increase its current account surplus in the March quarter of financial year 2024-25.

India's current account balance witnessed a surplus of $13.5 billion in the fourth quarter of FY25 against a surplus of $4.6 billion a year earlier. Meanwhile, India had reported a current account deficit of $11.3 billion in Q3FY25, revealed the RBI data on Friday.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.