June 11, 2025: Gold prices edged higher on Wednesday amid market volatility following a federal appeals court ruling allowing the US government to continue collecting President Donald Trump’s sweeping import taxes.
Also Read: Indian Stock Market Set for Positive Open Amid Global Optimism on US-China Trade Talks
In Mumbai, 22-carat gold was priced at Rs 90,200 per 10 grams, while 24-carat gold stood at Rs 98,400 per 10 grams. Silver also gained momentum, trading up by Rs 100 to Rs 1,09,100 per kg in Mumbai.
On the Multi Commodity Exchange (MCX), gold futures climbed 0.33% to Rs 97,220 per kg, and silver futures rose 0.07% to Rs 1,06,824 per kg.
Here’s a detailed breakdown of gold prices across key cities (June 11, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 89,590 | Rs 97,720 |
| Jaipur | Rs 89,590 | Rs 97,720 |
| Ahmedabad | Rs 89,490 | Rs 97,620 |
| Patna | Rs 89,490 | Rs 97,620 |
| Mumbai | Rs 90,200 | Rs 98,400 |
| Hyderabad | Rs 90,200 | Rs 98,400 |
| Chennai | Rs 90,200 | Rs 98,400 |
| Bengaluru | Rs 90,200 | Rs 98,400 |
| Kolkata | Rs 90,200 | Rs 97,570 |
Market Insights and Outlook
Aksha Kamboj, Vice-President of the India Bullion and Jewellers Association, explained the current volatility:
“Gold prices remain volatile as investors await clearer signals from ongoing US-China trade talks in London. A positive outcome could push gold prices lower. Market watchers are also eyeing upcoming inflation data from India and the UK, as well as Thursday’s auction of long-term US Treasury bonds, which may influence price trends.”
According to Quant Mutual Fund’s June 2025 Factsheet, gold has seen a strong rally recently but could correct by 12-15% in dollar terms over the next two months. However, the fund maintains a positive medium- and long-term outlook on precious metals, advising investors to keep a meaningful portion of their portfolios in gold.
Cultural and Economic Importance of Gold in India
Gold’s cultural significance in India is unmatched, especially during weddings and festivals, making it a preferred investment and a symbol of wealth and prosperity. The 24-carat variety attracts buyers looking for purity, while 22-carat gold balances durability with elegance, remaining popular among jewellery lovers and investors.
What Influences Gold Prices in India?
Gold prices in India are shaped by international market trends, import duties, taxes, and exchange rate fluctuations. These factors collectively impact the daily price movements investors and traders monitor closely.
Silver Price Today (June 11, 2025)
Silver followed gold’s upward trend, trading higher by Rs 100 in Mumbai, with the price touching Rs 1,09,100 per kg.
Summary of June 11, 2025 Prices (Mumbai)
| Metal | Price per 10 grams/kg |
|---|---|
| 22-carat gold | Rs 90,200 (10 grams) |
| 24-carat gold | Rs 98,400 (10 grams) |
| Silver | Rs 1,09,100 (per kg) |
For the latest updates on gold and silver rates, investors are advised to stay tuned to market trends and official exchanges.