Gold rates in India are at their new all-time high as of June 15, 2025, with 24-carat gold at Rs 101,680 per 10 grams. 100 grams of gold, meanwhile, has surged by a whopping Rs 41,000 from June 11-15, while 10 grams in 24 carats surged by Rs 4,100. For the trading week from June 16 to June 20, MCX, gold may range from Rs 95,500 to Rs 106,000, and silver from Rs 100,000 to Rs 110,000. Accordingly, gold and silver prices are both expected to extend their record-high rallies this week if Israel and Iran's geopolitical tensions are heightened.
As of June 16, 2025, gold prices in India are at their highest level. 10 grams gold price is Rs 1,01,680 for 24 carats, Rs 93,200 for 22 carats, and at Rs 76,260 for 18 carats.
Meanwhile, 100 grams gold rates stood at Rs 10,16,800 in 24 carat, at Rs 9,32,000 in 22 carat, and at Rs 7,62,600 in 18 carat.
Gold rates have been on a winning streak since June 11. Although prices were unchanged, gold held its new lifetime high levels on June 15, which was followed by a Rs 2800 surge in 100 grams of 24 carats on June 14. The same 100 grams of gold climbed the most by Rs 21,200 on June 13, followed by an Rs 8800 upside on June 12 and an Rs 8200 surgeon on June 11. During these five days, gold prices are up by Rs 41,000 and Rs 4,100 in 100 grams and 10 grams of 24 carats.
So far in June, silver rates have skyrocketed by 10%. On June 15th and June 14th, silver held its record-high level of Rs 1,10,000 per 1kg. The prices climbed on June 13 sharply after Israel carried surprise attack on Iran's military and nuclear facilities. 100 grams and 10 grams silver prices are at Rs 11,000 and Rs 1,100 respectively, which is also their new peaks.
MCX Gold, Silver Prices:
On Friday, the MCX gold price, with an August 2025 expiry, surged to a new all-time high of Rs 1,00,681 per 10 grams before ending at Rs 1,00,314 per 10 grams, up marginally.
Meanwhile, MCX silver price, with July 2025 expiry, neared to its record high. This commodity touched an intraday high of Rs 1,06,940 per 1kg on June 13, before correcting in closing bell. Silver closed at Rs 1,06,474 per 1kg, down marginally but near its lifetime high of Rs 1,07,369 per 1kg.
Gold & Silver Prices Weekly Outlook:
"Bullion counter witnessed a strong rally, with gold reaching its highest level in over a month as investors turned to safe-haven assets amid intensifying geopolitical tensions and economic uncertainty," said SMC Global Securities weekly commodities outlook report.
SMC's analysts explained that the demand surged further after Israel launched a preemptive strike on Iran, escalating fears of a broader Middle East conflict. Israeli Defense Minister Israel Katz declared a special state of emergency, warning of an imminent missile and drone attack on civilians.
Simultaneously, the analysts note added, U.S. President Donald Trump threatened unilateral tariffs to pressure trade partners, though Treasury Secretary Scott Bessent hinted at a possible extension of the current 90-day tariff pause. On the economic front, weaker-than-expected U.S. consumer and producer inflation data raised hopes for additional Fed rate cuts this year, supporting non-yielding assets like gold.
Also, Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management, noted that the fresh inflation data gives the Federal Reserve cover to wait for more clarity on how new tariffs and ongoing trade talks might impact price stability.
Further, the note said, the U.S. dollar, weighed down by low inflation, rising geopolitical tensions, and the fragile U.S.-China trade truce, fell to its lowest since April 2022. So far in 2025, the dollar has lost nearly 10% against a basket of currencies. Inflation remained subdued in May due to falling prices in gasoline, housing, cars, and air transport. On Thursday, the U.S. Labor Department reported softer-than-expected producer prices, driven by declining service costs.
For the June 16-20 weekly trade, SMC's note said, on COMEX, gold is trading near record highs; a breakout above $3,520 could pave the way for $3,650, while support lies near $3,310. Silver remains bullish, likely to trade between $34 and $38. On MCX, gold may range from Rs 95,500 to Rs 1,06,000, and silver from Rs 1,00,000 to Rs 1,10,000 in the coming week.
If gold and silver at MCX touch the Rs 1,06,000 and Rs 1,10,000 mark this week, then it will be their fresh record highs.
Gold Price Outlook On Monday, June 16:
"Gold prices surged sharply crossing 100000rs in MCX, Geopolitical issues escalating further with Israel attacks on Iran and Nuclear sites rumoured to be targeted. Prices react with 1500-1900rs gains as Iran retaliate treats looms which can create war situations between the two. In comex prices surged passed 3425$ gains of 50$ but Indian price rose 2% due to rupee weakness which fell by 0.60rs to 86.10. Support now looked at 98000 and major resistance which is extended levels at 102500 in short term," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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