Gold and Silver Prices Today, June 11, 2025: Gold at Rs 97,275, silver nears Rs 1,06,768; Check latest city-wise rates

Gold and Silver Prices Today, June 11, 2025: On Wednesday, June 11, 2025, gold and silver prices witnessed an uptick in domestic markets, mirroring global cues. On the Multi Commodity Exchange (MCX), gold futures climbed to Rs 97,275 per 10 grams while silver futures traded at Rs 1,06,768 per kilogram.

The rise in gold prices was driven by heightened uncertainty around the US-China trade agreement, which has led investors to seek safety in precious metals. Spot gold internationally rose 0.5% to $3,339.60 an ounce, while US gold futures were also up by 0.5% at $3,361.20. Spot silver remained steady at $36.56 per ounce.

Why are Prices Rising?

The precious metals market found support as negotiations between Washington and Beijing ended without final approvals. Although both nations have agreed on a framework to revive trade relations and lift export restrictions on rare earths, final nods from President Joe Biden and President Xi Jinping are still awaited.

Matt Simpson, senior analyst at City Index, noted, “The lingering uncertainty from the trade framework and anticipation of key US inflation data are pushing investors towards gold as a safe-haven asset.”

Domestic Market Movement

According to Manoj Jain, Director at India Nivesh, “Gold and silver witnessed mild profit booking in a volatile session ahead of the US inflation data. International pressure, coupled with profit-taking, kept a cap on gains, even as geopolitical tension and dollar weakness lent support.”

On Tuesday:

Gold August futures settled at Rs 96,902/10g (down 0.28%)

Silver July futures ended at Rs 1,06,749/kg (down 0.32%)

Outlook for the Week

Jain further highlighted that global volatility, including a weak dollar index and downward revision of the World Bank’s 2025 global growth forecast to 2.3%, are likely to keep gold and silver prices volatile. Support for gold is pegged at $3,300 per ounce internationally and Rs 96,600 on MCX, while silver’s support stands at $35 per ounce and Rs 1,06,000 domestically.

He recommends buying gold on dips around Rs 96,400, with a stop loss at Rs 95,800, for an upside target of Rs 97,200.

Currency Market Impact

The dollar index traded in a narrow range and settled slightly higher at 99.017 (+0.04%). Meanwhile, the USD-INR June futures closed weaker at 85.6450, down 0.09%. High volatility in the rupee is expected to persist, with the currency forecast to trade between 84.40 and 86.80 this week.

India’s equity markets received a boost following recent rate cuts by the Reserve Bank of India, improving investor sentiment and strengthening the rupee against the dollar.

Key Support and Resistance Levels (June 11):

• Gold (MCX): Support at Rs 96,600–96,180 | Resistance at Rs 97,200–97,550
• Silver (MCX): Support at Rs 1,06,000–1,05,350 | Resistance at Rs 1,07,400–1,08,200

With US inflation data due later today and the geopolitical landscape still tense, volatility in the bullion market is expected to persist. Investors are advised to remain cautious and follow key global indicators for price direction.

City-wise Gold Prices (per gram on June 10, 2025):

Gold Price in Mumbai:
In Mumbai, the price of 24-karat gold stood at Rs 9,840 per gram, while 22-karat gold was priced at Rs 9,020 per gram.

Gold Price in Delhi:
The national capital recorded 24K gold at Rs 9,835  per gram, with 22K gold available at Rs 9,035 per gram.

Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 24K gold at Rs 9,840 per gram and 22K gold at Rs 9,020 per gram.

Gold Price in Kolkata:
In Kolkata, 24-karat gold was priced at Rs 9,840 per gram, and 22-karat gold was selling at Rs 9,020 per gram.

Gold Price in Bengaluru:
Bengaluru saw 24K gold trading at Rs 9,840 per gram, while 22K gold was available at Rs 9,020 per gram.

Gold Price in Pune:
Pune saw 24K gold trading at Rs 9,840 per gram, while 22K gold was available at 9,020 per gram