Sharp Fall in Gold Price Today in India: 24K, 22K & 18K Rates Drop After Israel-Iran Ceasefire; MCX, COMEX Dip

Gold prices in India have steadily gone down over the last three days, with all categories-24 Karat, 22 Karat, and 18 Karat-showing a downward trend. This drop is mainly due to global factors, especially after a ceasefire was announced between Israel and Iran. As tensions eased, the demand for gold and silver, which are usually seen as safe-haven investments during uncertain times, also fell.

On 25 June, the price of 24K gold is Rs 9,895 per gram, which is Rs 27 less than the day before. Similarly, 22K gold was priced at Rs 9,095 per gram, also dropping slightly by Rs 25. These small changes followed bigger price falls earlier in the week, suggesting that gold prices may be starting to settle for now. Check latest retail gold rates in India on June 25 below:

24 Karat Gold Rate Today

The price of 24 Karat gold, which is the purest form of gold used for investment purposes and high-quality jewellery, has slightly decreased across India. The rate of 24K per gram on Wednesday stands at Rs 9,895, marking a decline of Rs 27 from yesterday's rate of Rs 9,922. For bulk purchases, 8 grams of 24K gold are now priced at Rs 79,160, down by Rs 216. Similarly, 10 grams cost Rs 98,950, a reduction of Rs 270, while 100 grams are valued at Rs 9,89,500, showing a significant drop of Rs 2,700 compared to the previous day.

22 Karat Gold Rate Today

In the case of 22 Karat gold, which is most commonly used for making traditional jewellery in India, the rates have also declined on June 25. The price of 22K gold today is Rs 9,070 per gram, down by Rs 25 from yesterday's Rs 9,095. Accordingly, 8 grams are available at Rs 72,560 with a drop of Rs 200, 10 grams at Rs 90,700 which is down by Rs 250, and 100 grams at Rs 9,07,000, a reduction of Rs 2,500 from the previous day's rates.

18 Karat Gold Rate Today

For those purchasing gold for lightweight or budget-friendly jewellery, 18 Karat gold also witnessed a decline in prices on Wednesday. The current rate is Rs 7,421 per gram, Rs 21 less than yesterday's rate of Rs 7,442. A quantity of 8 grams now costs Rs 59,368, down by Rs 168, 10 grams are priced at Rs 74,210 with a fall of Rs 210 and 100 grams stand at Rs 7,42,100, a decrease of Rs 2,100 from yesterday's price.

Notable Drop in Gold and Silver Prices: Check Commodity Outlook

"Gold fell the most in more than five weeks as Israel and Iran appeared to be honoring a
ceasefire agreement, dimming demand for the metal as a haven asset. Bullion declined as much as 2.2% to below $3,296 an ounce on Tuesday, the biggest intraday loss since May 16. The truce between Israel and Iran was unexpectedly announced overnight by US President Donald Trump, but within hours, both sides breached the tentative agreement," Nirmal Bang Commodity Outlook report stated.

MCX Gold and Silver Price Today

In the Indian market, gold and silver prices saw notable declines on the Multi Commodity Exchange (MCX). The August 2025 gold contract on MCX opened at Rs 98,807, but after touching a low of Rs 96,422, it closed at Rs 97,023. This marks a sharp drop of Rs 2,365, or about 2.44%, for the day.

Silver followed a similar pattern. On the MCX, the July 2025 silver contract opened at Rs 1,06,502, touched a low of Rs 1,03,680, and ended the day at Rs 1,04,917-down Rs 1,842, or around 1.76%.

COMEX GOld and Silver Futures

On the international front, COMEX gold futures for August 2025 also dipped. The contract opened at $3,383.80, reached a high of $3,385, and fell to a low of $3,308.30 before closing at $3,333.90, resulting in a decrease of $61.10. Although the percentage change appears lower at around 0.26%, it still reflects a downtrend in global gold prices.

In the COMEX silver market, the July 2025 contract opened at $36.41, hit a high of $36.51, and a low of $35.54, before closing slightly lower at $36.07, down $0.46 (a drop of about 0.42%).