Gold Prices Today: Check Rates in Top Indian Cities on June 9
Gold Prices Today: A Safe-Haven Asset Amid Market Volatility
Gold prices have moderated following weak US economic data and ahead of the Federal Reserve’s decision on benchmark interest rates. The yellow metal has seen a nearly 30% year-on-year increase, with a compound annual growth rate (CAGR) of around 15% since 2001.
Current Gold and Silver Prices in India
On June 9, the MCX gold index stood at ₹97,051 per 10 grams, while MCX silver prices were recorded at ₹1,05,525 per kilogram. According to the Indian Bullion Association (IBA), 24-carat gold was priced at ₹97,160/10 gm, and 22-carat gold was priced at ₹89,063/10 gm.
Gold and Silver Prices in Top Indian Cities
Here are the current gold and silver prices in Mumbai, Delhi, Kolkata, Hyderabad, Bengaluru, and Chennai:
Mumbai
- Gold bullion rates: ₹96,980/10 gm
- MCX Gold rate: ₹97,051/10 gm
- Silver bullion rate: ₹1,05,720/kg
- MCX Silver999 rate: ₹1,05,525/kg
Delhi
- Gold bullion rates: ₹96,810/10 gm
- MCX Gold rate: ₹97,051/10 gm
- Silver bullion rate: ₹1,05,540/kg
- MCX Silver999 rate: ₹1,05,525/kg
Kolkata
- Gold bullion rates: ₹96,850/10 gm
- MCX Gold rate: ₹97,051/10 gm
- Silver bullion rate: ₹1,05,580/kg
- MCX Silver999 rate: ₹1,05,525/kg
Hyderabad
- Gold bullion rates: ₹97,140/10 gm
- MCX Gold rate: ₹97,051/10 gm
- Silver bullion rate: ₹1,05,890/kg
- MCX Silver999 rate: ₹1,05,525/kg
What Drives Gold Prices?
Gold and silver continue to serve as safe-haven commodities for investors looking to safeguard their portfolios amid market volatility. The precious metals have historically outperformed inflation, with gold surpassing it by more than 2-4% since 1995.
Future Outlook
As the global economic landscape continues to evolve, investors are keeping a close eye on gold and silver prices. With ongoing price volatility, it’s essential to stay informed about market trends and fluctuations.
For retail customers, jewellers may add making charges, taxes, and GST to the bill, which could hike the final price.
