Gold Rate in India Jumps Nearly Rs 40,000 In Single Day; Will Gold Price Today Continue Rally Amid Ceasefire?

Gold rates in India staged a strong recovery in the latest trading session after witnessing a sharp decline over the previous two days. The rebound was supported by improving global sentiment following the US-Iran ceasefire agreement, which eased geopolitical tensions and softened safe-haven demand volatility.

Huge Jump of Nearly Rs 40,000 in Gold Rates After US-Iran Ceasefire & RBI Rate Cut Decision

Additionally, the Reserve Bank of India's decision to maintain a stable policy stance further reinforced market confidence, contributing to price stability across domestic markets. As a result, gold prices moved higher across all purity levels.

Gold Rate in India: Check Latest 22K, 24K & 18K Prices Per Gram

24 Karat Gold Rate Today in India

In the retail market as per the latest trading session, 24 Karat (24K) gold rose to Rs 15,382 per gram, registering a gain of Rs 398 compared to the previous session. On a broader scale, 8 grams of 24K gold climbed to Rs 1,23,056, while 10 grams reached Rs 1,53,820, up by Rs 3,980. For bulk buyers, 100 grams of 24K gold surged to Rs 15,38,200, marking a sharp jump of Rs 39,800 in a single session.

22 Karat Gold Rate Today in India

Similarly, 22 Karat (22K) gold prices also moved higher. The rate for 1 gram stood at Rs 14,100, reflecting an increase of Rs 365. For 8 grams, prices rose to Rs 1,12,800, while 10 grams were priced at Rs 1,41,000, up by Rs 3,650. On a larger scale, 100 grams of 22K gold reached Rs 14,10,000, gaining Rs 36,500.

18 Karat Gold Rate Today in India

The price for 1 gram of 18K increased to Rs 11,537, up by Rs 299. Meanwhile, 8 grams were priced at Rs 92,296 and 10 grams stood at Rs 1,15,370, rising by Rs 2,990. For 100 grams, the rate climbed to Rs 11,53,700, registering an increase of Rs 29,900.

MCX Gold Rate Trends

On the futures front, MCX Gold for the June 5 expiry recorded significant gains. Prices rose by over Rs 4,000 during the session, touching a high of Rs 1,43,934 per 10 grams, reflecting strong buying interest in the derivatives market.

"Gold traded sharply higher with gains of around Rs 2,900 at Rs 153000, tracking strength in COMEX gold near $4800, although rupee appreciation capped further upside in MCX. The rally is largely driven by relief sentiment after the US-Iran ceasefire," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Spot Gold Price Trends

In the international market, spot gold prices also surged, rising nearly 2% to $4,790 per ounce. The metal touched its highest level since March 19, supported by easing geopolitical tensions following the announcement of a temporary ceasefire between the United States and Iran.

The recovery in gold prices comes after improved global sentiment, with US President Donald Trump describing the ceasefire agreement as a "big day for World Peace" and signalling efforts to ease congestion in the Strait of Hormuz. Additionally, the Reserve Bank of India's decision to keep the repo rate unchanged has contributed to stabilising market sentiment, further supporting gold prices.

"Gold rose to near three-week highs after President Trump announced a temporary US-Iran ceasefire and Iran agreed to reopen the Strait of Hormuz, easing global tensions and boosting risk sentiment. Technically, gold has broken above $4,800 with a target of $5,000, indicating continued bullish momentum if geopolitical stability holds," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd.

With both domestic and global cues aligning positively, gold prices are expected to remain firm in the near term, although currency movements and geopolitical developments will continue to influence market direction.

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