Gold prices in India have been on a steady rise over the past two days, driven by strong bullish momentum in the global precious metals market. As a traditional safe-haven asset, gold continues to attract investor interest amid ongoing global uncertainties and robust domestic demand.
On June 12, 2025, the price of 24 Karat gold jumped to Rs 9,928 per gram, marking an increase of Rs 88 from the previous day. Similarly, 22 Karat gold rose to Rs 9,100 per gram, up Rs 80. This follows a comparable uptick on June 11, when 24 Karat and 22 Karat gold prices gained Rs 82 and Rs 75 respectively.
Current Gold Rates Across India
Tracking the latest gold rates is essential for investors and buyers of jewellery as prices continue to climb. Here is a detailed look at gold prices per gram for 24K, 22K, and 18K gold on June 12, 2025.
24 Karat Gold: The price rose to Rs 9,928 per gram from Rs 9,840 the previous day, a gain of Rs 88. For larger quantities, 8 grams cost Rs 79,424 (up Rs 704), 10 grams are priced at Rs 99,280 (up Rs 880), and 100 grams cost Rs 9,92,800, up Rs 8,800.
22 Karat Gold: Commonly used in jewellery, 22 Karat gold reached Rs 9,100 per gram, up Rs 80 from Rs 9,020. Prices for 8 grams increased to Rs 72,800, 10 grams are at Rs 91,000 (up Rs 800), and 100 grams now cost Rs 9,10,000, rising Rs 8,000.
18 Karat Gold: Preferred for lightweight and designer jewellery, 18 Karat gold is priced at Rs 7,446 per gram, up Rs 66 from Rs 7,380. The cost of 8 grams is Rs 59,568 (up Rs 528), 10 grams cost Rs 74,460 (up Rs 660), and 100 grams are Rs 7,44,600, an increase of Rs 6,600.
City-wise Gold Prices on June 12, 2025
Gold rates remain largely consistent across major Indian cities with minor variations:
- Chennai: 24K at Rs 9,928/g, 22K at Rs 9,100/g, 18K at Rs 7,480/g
- Mumbai: 24K at Rs 9,928/g, 22K at Rs 9,100/g, 18K at Rs 7,446/g
- Delhi: 24K slightly higher at Rs 9,943/g, 22K at Rs 9,115/g, 18K at Rs 7,458/g
- Kolkata, Bangalore, Hyderabad, Kerala, Pune: 24K at Rs 9,928/g, 22K at Rs 9,100/g, 18K at Rs 7,446/g
Factors Behind the Gold Price Surge
The recent surge in gold prices is closely linked to global developments. Gold is nearing $3,370 per ounce as geopolitical tensions, especially between the US and Iran, escalate. Additionally, expectations of a US Federal Reserve interest rate cut are boosting investor confidence in gold.
“Gold prices climbed following cooler-than-expected US inflation data, which strengthened expectations of a Federal Reserve rate cut by September,” said Manav Modi, Senior Analyst at Motilal Oswal Financial Services Ltd. “The Consumer Price Index rose by just 0.1% last month, down from 0.2% in April, lower than forecasted. Currently, there is a 68% chance of a rate cut by the US central bank, according to the CME FedWatch tool.”
On the trade front, Modi noted progress in US-China relations, with agreements involving rare earth minerals and Chinese students studying in the US. However, rising geopolitical risks remain as reports suggest Israel may launch an operation in Iran, adding to market uncertainty. Investors are also eyeing upcoming US Producer Price Index data for further market cues.
