Gold Rate In India Crashed By Rs 15,300 In 2 Days Due To Israel-Iran Ceasefire; June 25 Gold Prices Outlook

Gold rates in India crashed significantly for two consecutive days due to ceasefire implementation between Israel and Iran, which pushed the 24 carat gold price in 100 grams to erase Rs 10 lakh mark and 10 grams of gold to fall below the Rs 1 lakh zone. Appetite for safe haven assets like gold weakened as tensions eased in the Middle East. On June 25, gold prices are expected to be volatile.

Gold Prices In India:

On June 24th, gold price witnessed its biggest crash in 10 days with 100 grams of 24 carat slipping by Rs 14,700 to Rs 9,92,200. While 10 grams of 24 carats dropped by Rs 1,470 to Rs 99,220. This comes after 100 grams and 10 grams of gold were down by Rs 600 and Rs 60 on June 23.

Together, 24-carat gold prices declined by Rs 15,300 in 100 grams and by Rs 1,530 in 10 grams from June 23-25.

At present, the 22-carat gold price is at Rs 90,940 per 10 grams and at Rs 9,09,400 per 100 grams. Meanwhile, 18-carat gold prices stood at Rs 74,410 per 10 grams and Rs 7,44,100 per 100 grams.

Due to the latest fall, the returns of yellow metal have been narrowed to an upside of just 2% in June month so far.

Silver Prices In India:

Silver also faced a similar trend. 1KG Silver dipped by Rs 1,000 to Rs 1,09,000 on June 24, while 100 grams and 10 grams silver rates are at Rs 10,900 and Rs 1,090 respectively.

It needs to be noted that silver has outperformed gold in June. Silver rates are by a little over 9% in the current month.

MCX Gold, Silver Prices:

Due to the Iran-Israel ceasefire, MCX gold price with August 2025 expiry, nosedived by a massive Rs 2,394 or 2.41% to end at Rs 96,994 per 10 grams on June 24. However, MCX silver price with July 2025 expiry, edged lower by Rs 50 or 0.05% to finish at Rs 1,04,867 per 1 kg.

"Gold prices traded sharply lower in the Indian market as double pressure from a $25 decline in Comex gold and rupee appreciation of 0.75% weighed heavily on MCX prices. Domestic gold fell by approximately Rs 2,000, trading near ₹97,350," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold Price Outlook For June 25:

According to the analyst, the decline was further triggered by reports of a possible ceasefire between Iran and Israel, alongside official announcements from the US indicating progress on de-escalation. As geopolitical tensions ease, safe-haven demand for gold has weakened.

On Wednesday, Trivedi added, that gold is expected to remain volatile, with the immediate range seen between Rs 96,000 and Rs 98,000 in MCX. A sustained move below Rs 96,000 may indicate further correction, while a recovery above Rs 98,000 could revive bullish sentiment.

Data from CapitalMind revealed that gold prices have skyrocketed to $3,417 per troy ounce, doubling in just two years. Geopolitical tensions, a weakening dollar, fears of U.S. fiscal instability, and strong central bank buying have fueled demand. Gold is reasserting its role as the ultimate hedge against crisis, inflation, and systemic risk.

Spot Gold On June 25:

COMEX gold showed a slight upside to trade around $3,330 per ounce in the early hours of Wednesday, making a mild recovery from its two-week low performance.

Gold prices edged higher to around $3,330 per ounce on Wednesday, slightly recovering from a two-week low, as markets weighed the stability of the Iran-Israel ceasefire.

A preliminary US intelligence assessment indicated that recent US strikes on three Iranian nuclear facilities have only temporarily delayed Tehran's nuclear program, fueling concerns of renewed regional tensions. The US-brokered truce also appears fragile, with both sides accused of launching attacks shortly after it took effect. On the monetary policy front, Federal Reserve Chair Powell signalled that interest rates would likely remain unchanged until the impact of new tariffs becomes clearer, but he did not rule out a potential rate cut in July during his testimony before Congress. His remarks contrast with recent comments from other Fed officials, some of whom have expressed support for easing policy amid signs of a weakening labor market and slowing inflation, as per Trading Economics data.