Gold Rate In India Jumped After Rs 13,100 Crash; Know 24K, 22K, 18K Gold Prices; June 19 Gold Outlook Here

Gold rate in India will react to the US Federal Reserve's policy outcomes on Thursday, June 19. Geopolitical tensions and developments in global trade negotiations are other key triggers for the precious metals. Gold prices in India surged on June 18, after crashing by Rs 13,100 per 100 grams in 24 carats for the prior two consecutive days. Gold prices have reached a new peak, while silver price hold Rs 1,11,000 per 1kg level.

Market participants are closely watching three key macro triggers, as per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities:

- The US Fed's interest rate decision

- Geopolitical tensions between Iran and Israel

- Progress in global trade negotiations

For June 19, Trivedi said, "These factors are expected to drive volatility and set the directional tone for gold. The current trading range for gold is seen between Rs 98,500 to Rs 1,00,500 in the near term."

Even when the Fed believes the US economy has defied all shocks time after time and is currently solid, it decided to keep the federal funds rate at 4-1/4 to 4-1/2 per cent, unchanged for the fourth consecutive policy this year.

Gold Prices In India:

The yellow metal touched its new all-time high on June 18. 24 carat gold prices in 100 grams and 10 grams surged by Rs 5,400 and Rs 540 to Rs 10,09,100 and Rs 1,00,910 respectively.

Also, 22 carats gold prices climbed by Rs 5,000 to Rs 9,25,000 per 100 grams, and up by Rs 500 to Rs 92,500 in 10 grams. Meanwhile, 18 carats gold prices soared by Rs 4,100 to Rs 7,56,900 per 100 grams and was higher by Rs 410 to Rs 75,690 per 10 grams.

The latest surge halted yellow metal's two consecutive selling pressures.

From June 16-17, gold prices were in deep red. 100 grams gold price in 24 carats dropped sharply by Rs 11,400 and by Rs 1,140 for 10 grams on June 17. Gold was also under pressure on June 16, with Rs 1,700 and Rs 170 drops in 100 grams and 10 grams. Together, from June 16-17, gold prices in 24 carats plunged by Rs 13,100 and Rs 1,310 per 100 grams and 10 grams respectively.

Silver Prices In India:

1KG silver price in India surged by Rs 1,000 to Rs 1,11,000 on June 18. 100 grams and 10 grams silver rates were up to Rs 11,100 and Rs 1,110 respectively.

MCX Gold, Silver Prices:

MCX gold, with August 2025 expiry, stood at Rs 99,510 per 10 grams, marginally down, after hitting an intraday high of Rs 99,771 per 10 grams on June 18.

Additionally, MCX silver price, with July 2025 expiry, dipped mildly to Rs 1,08,535 per 1kg on June 18, after hitting an intraday high of Rs 1,09,748.

Spot Gold Price:

Spot Gold inched lower to below $3,370 per ounce on Wednesday, as investors weighed the Federal Reserve's latest policy decision and rising geopolitical tensions in the Middle East. The Fed held its benchmark rate steady at 4.25%-4.5% and signaled two possible cuts later in 2025, despite persistent inflation and slowing economic growth, as per Trading Economics.

It further said, gold maintained its safe-haven appeal as Iran's Supreme Leader rejected Trump's call for unconditional surrender, prompting mass evacuations from Tehran amid intensifying Israeli airstrikes. The escalating conflict added to global market unease. Although the metal briefly neared a record high earlier in the week, it has since pulled back slightly. Meanwhile, a World Gold Council survey revealed that 95% of central banks expect global gold reserves to rise over the next year, with a record 43% planning to boost their own holdings.

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