Gold Prices Drop for 6th Day: June 30 Rates in Bangalore, Chennai, Hyderabad
Gold buyers in India are finally seeing a long-awaited price correction. As of June 30, 2025, gold prices have fallen for the sixth consecutive day, making it a promising time for those planning to invest in the yellow metal. Major cities like Bangalore, Chennai, and Hyderabad saw significant dips in both 22-carat and 24-carat gold prices, while silver prices also edged lower.
🟡 Gold Prices Today (June 30, 2025)
Across major South Indian cities, gold has become cheaper by up to ₹160 per 10 grams. Here’s a city-wise breakdown:
📍 Bangalore
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22-carat gold: ₹89,150 per 10 grams (down ₹150)
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24-carat gold: ₹97,260 per 10 grams (down ₹160)
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18-carat gold: ₹72,940 per 10 grams (down ₹130)
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Silver: ₹1,07,700 per kg (down ₹100)
📍 Chennai
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22-carat gold: ₹89,150 per 10 grams (down ₹150)
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24-carat gold: ₹97,260 per 10 grams (down ₹160)
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18-carat gold: ₹72,940 per 10 grams (down ₹130)
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Silver: ₹1,17,700 per kg (down ₹100)
📍 Hyderabad
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22-carat gold: ₹89,150 per 10 grams (down ₹150)
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24-carat gold: ₹97,260 per 10 grams (down ₹160)
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18-carat gold: ₹72,940 per 10 grams (down ₹130)
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Silver: ₹1,17,700 per kg (down ₹100)
🌍 Global Gold Trends
On the international front, spot gold prices dipped to $3,277.62 per ounce, continuing the bearish momentum. This downward trend is partly supported by a weaker US Dollar Index, which is down 0.29% and currently at a three-year low.
According to analysts, gold is facing pressure due to global risk-on sentiment, as countries including the U.S. push for trade agreements before a crucial July 9 deadline.
📈 Gold Price Forecast & Target
According to a Nirmal Bang Securities report:
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Buy at: ₹95,250
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Stop Loss: ₹94,950
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Target: ₹95,700–₹96,000
Alternatively, traders may also consider selling at ₹96,000 with a stop loss at ₹96,300 depending on market momentum.
💹 MCX Futures Update
At the Multi Commodity Exchange (MCX):
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Gold (Aug 5 expiry): Trading at ₹95,925 per 10 grams, up 0.48%
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Silver (July 4 expiry): Trading at ₹1,05,600 per kg, up 0.35%
However, according to ICICI Securities:
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Gold may face resistance at ₹96,500 and slide down to ₹94,050
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Silver could fall to ₹1,03,400 if it stays under ₹1,06,800
💬 Expert Insight
While the international market remains mixed, the consistent fall in domestic gold prices has opened a buying window for retail investors and jewellers. With gold becoming more affordable, it may be a good time for long-term buyers to make a move — but caution is advised as prices may still fluctuate in the coming days.
📌 Final Takeaway
With gold rates dropping for six straight sessions, the metal is now significantly cheaper than it was just a week ago. Whether you’re a casual buyer, an investor, or shopping for a wedding, today’s lower rates may be the right moment to enter the market.
However, keep an eye on market updates and expert advice before making a decision. Precious metals often respond to global cues — including currency movements, international trade policies, and inflation concerns.
Reference from:- https://www.goodreturns.in/news/gold-prices-down-bangalore-hyderabad-chennai-6th-consecutive-fall-june-30-mcx-24k-22k-18k-gold-silve-1439307.html