Gold: In India, gold and silver are not merely components of jewelry; they are integral to the financial security and traditions of every family. However, the significant surge in gold prices over the past few months has caused considerable hardship for the general public, particularly middle-class families. On June 24, 2025, minor fluctuations in gold and silver prices were recorded across the country. Gold remains above ₹100,000 per 10 grams, maintaining investor interest but making jewelry purchases increasingly difficult for ordinary families.
Gold Prices Remain High Despite Minor Dip
On June 24th, the price of 24-karat gold was recorded at ₹100,680 per 10 grams nationwide, compared to ₹100,740 on June 23rd. This represents a decrease of approximately ₹60. The price of 22-karat gold is ₹92,290, and 18-karat gold is ₹75,510 per 10 grams.
It's noteworthy that despite this slight dip, 24-karat gold prices remain above ₹100,000. Experts attribute the sustained high prices to the dollar's performance in the international market, fluctuating interest rates, and geopolitical instability.
Silver Prices Remain Stable
Compared to gold, silver prices have shown less fluctuation. Today, silver is stable at ₹109,900 per kilogram. This rate is largely consistent across the country. Silver is commonly used in both industrial applications and jewelry. This current stability may offer some relief to investors.
City-Wise Prices: Check the Rates in Your City
The prices of 24-karat, 22-karat, and 18-karat gold in major Indian cities on June 24, 2025, were as follows:
City 24 Karat 22 Karat 18 Karat
Delhi 1,00,680 92,440 75,630
Mumbai 1,00,680 92,290 75,510
Chennai 1,00,680 92,290 75,510
Kolkata 1,00,680 92,290 75,510
Bengaluru 1,00,680 92,290 75,510
Chandigarh 1,00,830 92,440 75,630
Amravati 1,00,680 92,290 75,510
Hyderabad 1,00,730 92,340 75,550
Ahmedabad 1,00,730 92,340 75,550
Bhopal 1,00,730 92,340 75,550
These figures show minimal price variation, although slight differences exist between cities.
Silver Prices Also Stable Across Cities
City Silver Price (per kg)
Delhi ₹1,09,900
Bengaluru ₹1,09,900
Mumbai ₹1,09,900
Hyderabad ₹1,09,900
Amravati ₹1,09,900
Chennai ₹1,09,900
Aurangabad ₹1,09,900
Bhopal ₹1,09,900
Bhiwandi ₹1,09,900
Ghaziabad ₹1,09,900
Mysore ₹1,09,900
Impact of High Gold Prices on the Middle Class
With the current economic climate and rising inflation affecting the common man, these high gold prices are a significant concern for middle-class families. Traditionally, gold purchases are made during festive seasons, weddings, and other auspicious occasions; however, current prices are causing delays in these purchases.
Reasons for Price Fluctuations
Experts believe the following are the major factors influencing current gold prices:
- Dollar strength and demand in foreign markets
- Geopolitical tensions internationally
- Central bank policies and fluctuating interest rates
- Gold considered a safe haven investment to hedge against inflation
Implications for Investors
High gold prices present a double-edged sword for investors. While it's considered a safe long-term investment, investing at such high prices can also be risky. Experts advise evaluating market conditions and individual needs before making any investment decisions.
