June 29, 2025 — If you’ve been holding off on purchasing gold in hopes of a price correction, this might be your moment. After consistent increases earlier this month, gold prices have now dropped significantly, giving some relief to buyers across the country.
According to data from the Indian Bullion Jewellers Association (IBJA) and MCX, gold has become cheaper by nearly ₹5,000 per 10 grams in just one week.
Massive Price Fall on MCX
On the Multi Commodity Exchange (MCX), 24-carat gold with August 5 expiry was trading at ₹99,109 per 10 grams on June 20. By June 27, the same was trading at ₹95,524 per 10 grams, reflecting a sharp weekly decline of ₹3,585.
As per the IBJA, 999 purity gold dropped from ₹98,691 per 10 grams (June 20) to ₹95,780 per 10 grams (June 27) — a notable ₹2,911 drop.
Latest Gold Rates in Top 10 Indian Cities (Per 10 Grams)
Here’s a snapshot of today’s gold rates in both 22-carat and 24-carat purity:
| City | 22-Carat Gold | 24-Carat Gold |
|---|---|---|
| Delhi | ₹89,450 | ₹97,570 |
| Kolkata | ₹89,300 | ₹97,420 |
| Chennai | ₹89,300 | ₹97,420 |
| Mumbai | ₹89,300 | ₹97,420 |
| Jaipur | ₹89,450 | ₹97,570 |
| Lucknow | ₹89,450 | ₹97,570 |
| Chandigarh | ₹89,450 | ₹97,570 |
| Hyderabad | ₹89,300 | ₹97,420 |
| Bhopal | ₹89,350 | ₹97,470 |
| Ahmedabad | ₹89,350 | ₹97,470 |
Note: Prices may slightly vary based on local taxes and jewellers’ margins.
Why Are Gold Prices Falling?
The decline in gold prices comes amid global economic signals, a stronger dollar index, and reduced investor appetite for bullion. Experts suggest this is a temporary dip, and prices could fluctuate again based on international trends, including interest rate decisions and geopolitical developments.
Should You Buy Now?
If you’re planning to buy gold for investment or jewellery purposes, this price correction could be an ideal window. However, with the global market being volatile, staying updated with daily prices is recommended.
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- My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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