Gold Rate Drops For 3rd Day In Bangalore & Chennai: Check Latest 24K, 22K, 18K Prices

Gold prices in South India continued to drop for the third straight day, mainly due to the ceasefire agreement between Israel and Iran. As tensions in the Middle East eased, investors pulled back from gold, which is usually considered a safe-haven investment during times of global uncertainty.

The demand for gold prices in Bangalore and Chennai fell slightly, causing prices to come down. On June 25, 2025, the price of 24-carat gold dropped by Rs 2,700 per 10 grams, bringing it down to about Rs 98,950. This marks a noticeable drop from recent high levels.

However, despite this short-term fall, the overall trend for gold in June 2025 is still positive. Experts believe that market conditions, inflation concerns, and global economic factors could still push gold prices higher in the coming weeks.

Gold Rate in Bangalore Today:

On June 25th, the 22-carat gold price in Bangalore went down by Rs. 250 per 10 grams, now costing Rs. 90,700. Meanwhile, 24-carat gold saw a downfall of Rs. 270, bringing its price to Rs.98,950 per 10 grams. Similarly, 18-carat gold prices dropped by Rs 210, now priced at Rs 74,210 for 10 grams. This small dip in prices could be a good opportunity for those planning to invest in or purchase gold.

Just like that, the cost of 100 grams of 22-carat gold now stands at Rs 9,07,000, showing a Rs 2,500 reduction, while 100 grams of 24-carat gold rates in Bangalore have decresed by Rs 2,700, retailing at Rs 9,89,500. The 18-carat of the same quantity is now available at Rs 7,42,100 down by Rs 2,100.

Gold Rate in Chennai Today:

On June 25, gold prices in Chennai dropped slightly across all types. The price of 22-carat gold went down by Rs 250, bringing it to Rs 90,700 for 10 grams. Similarly, 24-carat gold saw a decrease of Rs 270, now priced at Rs 98,950 for 10 grams. The price of 18-carat gold also fell by Rs 150, making it Rs 74,750 for 10 grams.

While the price per gram of 24-carat gold in Chennai became affordable by Rs 27, now priced at Rs 9,895. Similarly, 22-carat gold, which is commonly used for jewellery, has fallen by Rs 25 and is now priced at Rs 9,070 per gram. The rate for 18-carat gold has also gone down by Rs 15, now costing Rs 7,475 per gram. These changes reflect a minor decline, but gold remains a valuable and stable investment.

Silver Prices In Bangalore And Chennai:

Silver prices in Bangalore And Chennai also went down. On June 25, the price of 1 kg of silver dropped by Rs 1,000, bringing it to Rs 1,08,000. The price for 100 grams of silver is now Rs 10,800, and for 10 grams, it stands at Rs 1,080.

Why Are Gold Prices Falling?

"Gold prices have stabilized at lower levels and are now consolidating within a range after recent selling pressure. With tensions in the Middle East easing, attention has shifted back to key factors such as the U.S. tariffs, economic performance, and the Federal Reserve's interest rate outlook. In the near term, markets will be closely watching Friday's U.S. PCE data for further direction," said Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures.

Gold And Silver Future Prices On MCX:

On the Multi Commodity Exchange (MCX), the gold futures for August 5th delivery is slightly up by 0.34% or 330 points, at Rs. 97,353 per 10 grams. Similarly, silver futures for the July 4th expiry has marginally gained today, 0.47% or 495 points, trading at Rs 1,05,411 at 1.45 pm.

Gold & Silver Outlook:

"Gold has support at $3300-3277 while resistance at $3348-3365. Silver has support at $35.50-35.20 while resistance is at $36.30-36.55. In INR gold has support at Rs96,450-95,910 while resistance at Rs97,650-98,100. Silver has support at Rs104,280-103,600 while resistance at Rs1,05.850-1,06,500," Rahul Kalantri, VP Commodities, Mehta Equities.

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, investment, or credit advice. The views and recommendations mentioned are based on publicly available data and expert opinions at the time of writing. Neither the author nor GoodReturns endorses any specific product or financial decision. GoodReturns.in and its affiliates are not responsible for any loss or damage resulting from reliance on the information presented.