Gold Prices Surge Today: Check Latest Rates in Delhi, Mumbai & More!

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.