Gold Rate Update: Check 24K, 22K, 18K Gold Prices in Bangalore/ Chennai/ Hyderabad; Will It Rise More?

Gold prices today in South Indian cities such as Bengaluru, Chennai, and Hyderabad have seen a slight dip, but the overall trend for gold in June 2025 remains bullish. The precious metal has already surged 3.4% in June, due to consistent demand despite occasional intraday declines. The commodity market is seeing heightened volatility as geopolitical tensions escalate into a near full-blown war between Iran and Israel.

Historically, gold demand rises during war-like situations, and the current conflict in the Middle East is no exception. On Monday, spot gold slipped 0.4% to USD 3,354.03, as some investors turned to the U.S. dollar for safety following America's military strikes on Iranian nuclear facilities over the weekend. However, market analysts suggest that gold may regain momentum depending on Iran's response and further developments in the region.

Gold Rate in Chennai Today

On June 23rd, the 22-carat gold rate in Chennai declined by Rs. 50 per 10 grams to cost Rs. 92,300 per 10 grams. While the 24-carat gold prices in Chennai today fell by Rs. 60 and are currently retailing at Rs. 1,06,900 per 10 grams. Similarly, the 18-carat gold rate today also declined by Rs 40 per 10 grams to cost Rs 75,520.

Gold rate in Bangalore today

The 22-carat gold rate in Bangalore fell by Rs. 50 per 10 grams, bringing the price down to Rs. 92,300 per 10 grams. Meanwhile, the 24-carat gold price in Bangalore dropped by Rs. 60, now retailing at Rs. 1,06,900 per 10 grams. The 18-carat gold also saw a decline of Rs. 40 per 10 grams, currently priced at Rs. 75,520.

Gold rate in Hyderabad today

On June 23, 2025, gold prices in Hyderabad also declined across all purity levels. The 22-carat gold rate in Hyderabad dropped by Rs. 50 per 10 grams, now priced at Rs. 92,300 per 10 grams. Meanwhile, the 24-carat gold price in Hyderabad today fell by Rs. 60, bringing the rate down to Rs. 1,06,900 per 10 grams. Even the 18-carat gold rate in Hyderabad saw a dip of Rs. 40, currently retailing at Rs. 75,520 per 10 grams.

Gold Target Price Ahead

"Gold prices are expected to rise. One can buy at Rs. 98800 with a stop loss of Rs. 98400 for the target at Rs. 99400-99700." as per the Nirmal Bang Securities report.

"Spot Gold is expected to hold support near USD 3340 and move towards USD 3400 amid safe haven buying. Escalating geopolitical tension between Israel and Iran would support the bullion prices. Further, involvement of the US in the war would outweigh the Fed's hawkish tone. The US has launched strikes on three Iranian nuclear facilities. The fear of broader regional conflict in the Middle East would force investors to go after the safe haven assets and support bullion prices to stay higher," as per the commodity report by ICICI Direct.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on August 5 are trading at Rs. 98,964 after declining 0.15%. Similarly, silver futures, which are set to expire on July 4, 2025, rose by 0.51% and are currently trading at Rs 106,771 at 12:28 PM on Monday.

"MCX Gold Aug is expected to move in the band of the ₹98,200 and ₹99,900 level with a bullish bias. A move below ₹98,200 would bring a correction in price towards ₹97,800. • MCX Silver July is expected to hold the support of the 20-day EMA at ₹104,600 and move higher to the ₹108,400 level amid safe haven demand." according to the ICICI Direct Commodity Research Report.

Silver Prices in Chennai Today

Silver prices in Chennai today observed no movement, as 1 kg of silver in Chennai costs Rs 1,20,000. While 100 g of silver rates in India currently cost Rs 12,000.

Silver Prices in Bangalore Today

Bangalore silver prices today also experienced no change. On June 23rd, 1 kg of silver in Bangalore cost Rs. 1,10,000. While 100 g of silver rates in India cost Rs 11,000.

Silver Prices in Hyderabad Today

The silver rate in Hyderabad stayed stable, as 1 kg of silver priced in Hyderabad retails at Rs. 120,000. While 100 g of silver rates in India cost Rs 12,000

Spot Gold Prices + Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold was down 0.4% at USD 3,354.03 an ounce, as of 05:32 GMT. U.S. gold futures fell 0.5% to USD 3,369.10. Spot silver rose 0.1% to $36.02 per ounce."

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