Gold Price Today: Yellow Metal Steady, Check City-Wise Rates On June 06
Last Updated:June 06, 2025, 11:15 IST
According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months.
Gold Prices Today In India on June 06, 2025.
Gold Rates Today In India, June 6: Gold prices on Friday saw a marginal gain after dropping below Rs 1-lakh per 10 gram mark. In Mumbai, the price of gold stood at Rs 91,310 per 10 grams for 22-carat and Rs 99,610 per 10 grams for 24-carat.
The price of silver jumped by Rs 100 to Rs 1,04,100 per kg in Mumbai.
Also Read: Gold Prices May Fall Below Rs 85,000 In 2 Months: What’s Behind The Big Decline?
On the MCX, gold was trading higher by 0.50 per cent to trade at Rs 98,361 per 10 grams. Silver was, however, also trading up by 1.03 per cent to trade at Rs 1,05,520 per kg in the morning trade.
Rahul Kalantri, VP Commodities, Mehta Equities said that after an early rally to a four-week high, gold prices slipped on Thursday as short-term futures traders booked profits. Meanwhile, silver continued its strong upward momentum, Silver prices surged to $36 per ounce, reaching their highest point since February 2012.
In INR gold has support at Rs97,420-96,990 while resistance at Rs98,350-98,640. Silver has support at Rs103,560-102,750 while resistance at Rs1,05,850-1,06,750.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (June 6, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,460 | Rs 99,760 |
| Jaipur | Rs 91,460 | Rs 99,760 |
| Ahmedabad | Rs 91,360 | Rs 99,660 |
| Patna | Rs 91,360 | Rs 99,660 |
| Mumbai | Rs 91,310 | Rs 99,610 |
| Hyderabad | Rs 91,310 | Rs 99,610 |
| Chennai | Rs 91,310 | Rs 99,610 |
| Bengaluru | Rs 91,310 | Rs 99,610 |
| Kolkata | Rs 91,310 | Rs 99,610 |
Silver Price In India Today (June 6, 2025)
The price of silver on Thursday jumped by Rs 100 to Rs 1,04,100 per kg in Mumbai, according to goodreturns.in.
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “Gold and silver prices rose on Wednesday as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. This boosted demand for non-yielding assets like gold.”
‘Gold May Fall 12-15% In Two Months’
According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months.”Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” Quant Mutual Fund stated in its latest ‘Factsheet for June 2025’.What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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