• Source:JND
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Demand for safe-haven assets amid rising Middle East tensions, especially the Israel-Iran conflict, drove gold prices to a new all-time high on the Multi Commodity Exchange (MCX) on Monday, June 16, 2025. The August 5 gold futures contract began the session at Rs 1,00,470 per 10 grams, a significant gain of Rs 1,094 over the previous close of Rs 1,00,276.

Soon after, the rally gained momentum, and prices broke through the Rs 1.01 lakh barrier to reach a new all-time high of Rs 1,01,078 per 10 grams. Later in the session, though, some profit booking was observed, which caused prices to decline. The contract hit an intraday low of Rs 1,00,060 and was trading at Rs 1,00,165 at the time of the last count, down Rs 111 or 0.11%.

Trends in the Global Gold Market

The price of gold was also rising on the international market. Gold was trading at about $3,449 per troy ounce on the COMEX. Around 10:25 am IST, spot gold was valued at $3,428.69 an ounce, indicating that investors are still interested in using the yellow metal as a hedge against economic and geopolitical risks.

Gold Price In Different Cities

The prices of 24-carat and 22-carat gold in major Indian cities are shown below:

Delhi: Rs 93,200 (22-carat), Rs 1,01,660 (24-carat) per 10 grams

Mumbai: Rs 93,050 (22-carat), Rs 1,01,510 (24-carat) per 10 grams

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Kolkata: Rs 93,050 (22-carat), Rs 1,01,151 (24-carat) per 10 grams

Chennai: Rs 92,950 (22-carat), Rs 1,01,510 (24-carat) per 10 grams