Synopsis: Gold prices in India fell on June 10 due to early pressure from US-China trade talks but recovered on a weak dollar. Silver also saw a marginal dip. Experts suggest gold may correct up to 15% in the short term, but long-term prospects remain strong.
Gold, Silver Price Update – June 10, 2025
Gold prices across major Indian cities witnessed slight volatility on Tuesday as international events like US-China trade negotiations weighed in. However, gold recovered later in the day, buoyed by a weakening dollar and lower US bond yields.
Here are the rates:
- Mumbai:
- 22-carat gold: ?89,540/10g
- 24-carat gold: ?97,680/10g
- Silver: ?1,08,100/kg
On the MCX (Multi Commodity Exchange):
- Gold futures dipped 0.72%, trading at ?96,475/kg
- Silver futures fell 0.40%, at ?1,06,655/kg
Expert Take & Market Sentiment
Rahul Kalantri, VP (Commodities), Mehta Equities, remarked that volatility defined the precious metals market at the week’s start. While geopolitical developments initially pulled prices down, gold regained footing due to a soft dollar and the People’s Bank of China’s gold purchases for the seventh consecutive month.
Notably, silver hit a 13-year high before retreating slightly, driven by industrial demand and global monetary cues.
Gold May Correct by 12–15% Soon
In a note of caution, Quant Mutual Fund warned that gold may see a 12-15% correction in dollar terms over the next two months, citing overbought technical levels. However, the brokerage firm maintained a positive long-term outlook, urging investors to maintain exposure to precious metals in their portfolios.
Why Gold Prices Fluctuate in India?
- Global Spot Prices
- Import Duties & GST
- Currency Exchange Rate
- Market Demand & Festive Buying
- Central Bank Policies
Gold remains a symbol of wealth and investment stability in Indian culture, making its price movements highly monitored and impactful.
Disclaimer: This content is for informational purposes only. Readers should consult certified financial experts before making investment decisions.
