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Introduction:
On 29 June 2025, gold prices in India edged higher by ₹110, bringing the price of 24K gold to ₹72,110 per 10 grams. The increase came amid rising global demand for safe-haven assets, a weakening US dollar, and persistent geopolitical uncertainties. With wedding season shopping still active in several parts of India and rising interest from investors, gold continues to show strength both domestically and globally.
This marks the third day of gold maintaining a stable or upward movement, highlighting investor interest in precious metals as global markets face mixed signals.
Gold Price in India Today (Per 10 Grams):
| Purity | Price (INR) | Change |
|---|---|---|
| 24K Gold | ₹72,110 | ▲ ₹110 |
| 22K Gold | ₹66,070 | ▲ ₹90 |
| Silver (1kg) | ₹89,800 | ▲ ₹200 |
What’s Driving Gold Prices Today?
1. Safe-Haven Buying Globally:
Rising concerns over economic growth in Europe and Asia have pushed investors toward gold. With increasing tension in global trade negotiations and market volatility, gold continues to act as a safety net.
2. Weakening US Dollar:
The US dollar index slid slightly, making gold cheaper for holders of other currencies. This increased global demand, pushing gold prices up in international markets, which in turn affected Indian rates.
3. Strong Physical Demand in India:
In India, demand remains consistent due to wedding-related purchases and early festive buying. Traders and jewellers also reported increased footfall in physical stores over the weekend.
4. Speculation Around Central Bank Policies:
Investors are watching upcoming US inflation data closely. Any dovish signal from the Federal Reserve could support further gains in gold.
City-Wise Gold Prices in India (29 June 2025 – 24K):
| City | Price (INR) |
|---|---|
| Delhi | ₹72,110 |
| Mumbai | ₹72,090 |
| Chennai | ₹72,280 |
| Kolkata | ₹72,050 |
| Bengaluru | ₹72,120 |
| Hyderabad | ₹72,100 |
Expert Opinion:
“Gold’s steady climb reflects a mix of global risk aversion and domestic seasonal demand. Unless there’s a major shock, ₹72,000 could become the new base.”
— Richa Verma, Senior Commodity Analyst, IndiaBullion
Silver Market Movement:
Silver prices followed gold’s upward path and gained ₹200, trading at ₹89,800 per kilogram. Industrial demand from the electronics and solar sectors remains strong, while retail investors continue to show interest in silver as a cheaper alternative to gold.
Gold Investment Outlook:
For both new and seasoned investors, gold continues to offer safety and stability. With expectations of geopolitical uncertainty and moderate inflation, gold could maintain its upward trend into July.
Investment Tips:
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Long-term investors should consider Sovereign Gold Bonds (SGBs) for tax benefits and interest income.
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Short-term traders should monitor resistance near ₹72,300 and support at ₹71,800.
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Digital gold and gold ETFs remain popular among young investors due to convenience and safety.
Comparison With Other Assets – June 2025:
| Asset Class | June Return | Volatility | Investor Sentiment |
|---|---|---|---|
| Gold | +0.9% | Low | Positive |
| Silver | +1.7% | Medium | Positive |
| Equity (Nifty) | +1.4% | High | Mixed |
| FD/Bank Savings | +0.5% | Low | Stable |
Analysts believe that if global risk factors persist and economic recovery slows, gold could test ₹72,300–₹72,500 in the coming weeks. Much depends on upcoming economic releases from the US and Europe, along with monsoon progress in India that influences rural demand.
Conclusion:
On 29 June 2025, gold prices in India rose by ₹110, closing at ₹72,110 per 10 grams. Strong global demand, a weakening US dollar, and steady domestic buying helped support this upward movement. As we enter July, gold continues to be seen as a stable and secure investment, appealing to both retail consumers and financial investors.
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