Gold Rate Rally Continues in India: 24K, 22K & 18K Gold Prices Rise Amid Global Tensions & Fed Rate Cut Bets

Gold prices in India have been steadily climbing over the past two days, reflecting strong bullish momentum across the precious metals market. As a traditional safe-haven asset, gold continues to attract investor interest amid global uncertainties and domestic demand. On June 12, 2025, the price of 24 Karat gold surged to Rs 9,928 per gram, marking an increase of Rs 88 from the previous day, while 22 Karat gold rose to Rs 9,100, up by Rs 80. This follows a similar uptick on June 11, when 24K and 22K gold gained Rs 82 and Rs 75 respectively.

Whether you are investing or buying jewellery, keeping track of the latest gold rates is crucial as prices continue to rise. Here is a look at the current per gram rates for 22 Karat, 24 Karat, and 18 Karat gold across India.

24 Karat Gold Rate in India Today on June 12, 2025

Starting with 24 Karat gold, the price has risen to Rs 9,928 per gram, compared to Rs 9,840 yesterday, reflecting a gain of Rs 88. For larger quantities, the price of 8 grams now stands at Rs 79,424, up by Rs 704, while 10 grams is priced at Rs 99,280, an increase of Rs 880. A 100-gram purchase will cost Rs 9,92,800, which is Rs 8,800 more than the previous day's rate.

22 Karat Gold Rate in India Today on June 12, 2025

22 Karat gold, which is commonly used in jewellery, is also trading higher today. The rate per gram is now Rs 9,100, up Rs 80 from Rs 9,020 yesterday. The price for 8 grams has moved up to Rs 72,800, while 10 grams costs Rs 91,000, showing a jump of Rs 800. For those looking to buy in bulk, 100 grams of 22 Karat gold is now priced at Rs 9,10,000, up Rs 8,000.

18 Karat Gold Rate in India Today on June 12, 2025

Meanwhile, 18 Karat gold, often preferred for lightweight or designer jewellery, is priced at Rs 7,446 per gram, compared to Rs 7,380 yesterday - a gain of Rs 66. The cost of 8 grams is Rs 59,568, up Rs 528, and 10 grams is now Rs 74,460, reflecting an increase of Rs 660. The rate for 100 grams has climbed to Rs 7,44,600, a jump of Rs 6,600 from the previous day.

City-wise Gold Prices in India Today: Check 22k, 24k and 18K Gold Rate Per Gram in Top Cities on June 12, 2025

In Chennai, the price of 24 Karat gold stands at Rs 9,928 per gram, while 22 Karat gold is priced at Rs 9,100 per gram. For 18 Karat gold, the rate is Rs 7,480 per gram.

Mumbai sees the 24 Karat gold rate at Rs 9,928 per gram, with 22 Karat gold also at Rs 9,100 per gram. The 18 Karat gold price here is Rs 7,446 per gram.

In Delhi, 24 Karat gold is slightly higher at Rs 9,943 per gram, and 22 Karat gold is Rs 9,115 per gram. The 18 Karat gold rate is Rs 7,458 per gram.

Kolkata maintains the 24 Karat gold rate at Rs 9,928 per gram, with 22 Karat gold at Rs 9,100 per gram. The 18 Karat gold price is Rs 7,446 per gram.

In Bangalore, the rates are similar with 24 Karat gold at Rs 9,928 per gram, 22 Karat at Rs 9,100 per gram, and 18 Karat at Rs 7,446 per gram.

Hyderabad shows the same prices as Bangalore, with 24 Karat gold at Rs 9,928, 22 Karat at Rs 9,100, and 18 Karat at Rs 7,446 per gram.

In Kerala, gold rates are consistent with other cities - Rs 9,928 for 24 Karat, Rs 9,100 for 22 Karat, and Rs 7,446 for 18 Karat gold per gram.

Finally, in Pune, the prices hold steady with 24 Karat gold at Rs 9,928, 22 Karat gold at Rs 9,100, and 18 Karat gold at Rs 7,446 per gram today.

What's Driving the Recent Surge in Gold Prices? Check Expert's View

The upward trend in yellow metal prices aligns with global developments, where gold has surged close to $3,370 per ounce amid escalating US-Iran tensions and growing expectations of a US Federal Reserve rate cut.

"Gold prices rose on the back of cooler-than-expected U.S. inflation numbers, strengthening investor expectations that the Federal Reserve would start cutting interest rates by September. Data showed the CPI increased 0.1% last month after rising 0.2% in April, against the estimates of 0.2% and increasing 2.5% year-on-year. Traders are currently pricing in a 68% chance of an interest-rate cut by the U.S. central bank in
September, according to the CME FedWatch tool," said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd.

The Motilal Oswal expert further said, "On the trade front, U.S. President Donald Trump, opens new tab said a deal with China was done, with Beijing supplying magnets and rare earth minerals, while Washington would allow Chinese students at its colleges and universities. Meanwhile, US officials mentioned that Israel could be ready to launch an operation in Iran, increasing the geo-political tensions. Focus now shifts to US PPI data scheduled later in the day."

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.