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Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 16

Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 16

Mint16-06-2025

Gold, silver prices in your city, June 16: With the Isarel-Iran conflict on the brink of full-blown war as both countries trade attacks after Israel took aim at Iran's nuclear facilities and the latter responded with drone attacks, has pushed up gold prices due to fears of a full-blown war in the region.
Experts are firm that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets. According to Sugandha Sachdeva, Founder of SS WealthStreet, the geopolitical tensions have 'significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset'.
As for gold, prices have risen 31 per cent year-to-date (YTD) with consistent record highs solidifying its position among 2025's top-performing asset classes and a reliable hedge.
Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years.
Further, silver has also proved resilient. Prices have held above the ₹ 1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent.
Prices opened higher today at 6.20 am on June 16. The MCX gold index was at ₹ 1,00,314/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,06,474/kg, it showed.
Further, 24-carat gold was priced at ₹ 1,00,470/10 gm, according to data on the Indian Bullion Association (IBA) at 6.20 am on June 16. Further, 22-carat gold was priced at ₹ 92,098/10 gms. Silver prices today are at ₹ 1,06,920/kg (Silver 999 Fine), as per the IBA website.
So, check here gold prices and silver rates in your city today on June 16 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
• Gold bullion rates in Kolkata — ₹ 1,00,160/10 gm.
• MCX Gold rate in Kolkata — ₹ 1,00,314/10 gm.
• Silver bullion rate in Kolkata — ₹ 1,06,580/kg.
• MCX Silver 999 rate in Kolkata — ₹ 1,06,474/kg.
• Gold bullion rates in Mumbai — ₹ 1,00,290/10 gm.
• MCX Gold rate in Mumbai — ₹ 1,00,314/10 gm.
• Silver bullion rate in Mumbai — ₹ 1,06,720/kg.
• MCX Silver 999 rate in Mumbai — ₹ 1,06,474/kg.
• Gold bullion rates in Hyderabad — ₹ 1,00,450/10 gm.
• MCX Gold rate in Hyderabad — ₹ 1,00,314/10 gm.
• Silver bullion rate in Hyderabad — ₹ 1,06,890/kg.
• MCX Silver 999 rate in Hyderabad — ₹ 1,06,474/kg.
• Gold bullion rates in New Delhi — ₹ 1,00,120/10 gm.
• MCX Gold rate in New Delhi — ₹ 1,00,314/10 gm.
• Silver bullion rate in New Delhi — ₹ 1,06,540/kg.
• MCX Silver 999 rate in New Delhi — ₹ 1,06,474/kg.
• Gold bullion rates in Chennai — ₹ 1,00,580/10 gm.
• MCX Gold rate in Chennai — ₹ 1,00,314/10 gm.
• Silver bullion rate in Chennai — ₹ 1,07,030/kg.
• MCX Silver 999 rate in Chennai — ₹ 1,06,474/kg.
• Gold bullion rates in Bengaluru — ₹ 1,00,370/10 gm.
• MCX Gold rate in Bengaluru — ₹ 1,00,314/10 gm.
• Silver bullion rate in Bengaluru — ₹ 1,06,810/kg.
• MCX Silver 999 rate in Bengaluru — ₹ 1,06,474/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Fordoward Thinking
Fordoward Thinking

Time of India

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  • Time of India

Fordoward Thinking

Iran may still negotiate with US, taking a long view, while skirmishing with Israel. Even if its nuclear infra is damaged, its knowhow isn't. But if the conflict spreads, welfare of 9mn Indians in the region will be New Delhi's first concern For two decades every United States administration said it might someday bomb Iran's enrichment plants. On Saturday night that 'someday' arrived. B-2 stealth bombers dropped 30,000-pound 'bunker buster' bombs while submarines and aircraft launched Tomahawks at Fordow, Natanz and Isfahan, the three most consequential nodes in Iran's IAEA monitored nuclear network. Trump declared that 'Fordow is gone', and that Tehran must 'agree to end this war'. The flourish was vintage Trump – muscular and headline grabbing. But behind the applause lines lies a strategic gamble whose downsides may echo far beyond Qom. Trump crossed a threshold earlier presidents tiptoed around, turning an Israel-Iran slugfest into a US-Iran confrontation. He insists the raid was a 'one-off', intended to cripple enrichment. Although neither US nor Israel has produced evidence that Iran was on the brink of building a bomb, the Pentagon's quick look report claims the strikes set the programme back by years at minimal cost. Physics, however, counsels humility. Centrifuges are hardware while enrichment expertise is software lodged in scientists' heads. Bombs can destroy cylinders but not knowledge. Hardliners in Tehran will now argue that only a nuclear weapon can deter the next bunker buster. Did the raid delay a bomb or make it inevitable? Iran accused US of a grave violation of the UN Charter, NPT and international law and vowed that it will not go unanswered. The easiest escalation is to menace the Strait of Hormuz through which about a fifth of global oil passes every day. Next may come missile salvos on Gulf energy infra or on US installations, and then the possible activation of proxies from Lebanon to Yemen. With Iran's parliament reportedly approving the closure of the strait, Brent could easily move past $100 a barrel. Oxford Economics projects $130 if flows are disrupted, a level that would push world inflation back toward 6%. Traders are already paying a war premium in afterhours quotes. Jerusalem meanwhile is jubilant. Netanyahu called the strike a bold decision. Strategically Israel has shifted part of the fight and the risk to Washington. If Iran retaliates, Americans rather than Israelis will calibrate the counterpunch. That is deterrence by entanglement in the short run. Over time it hands Iran a larger menu of US targets and risks dragging America into a war it does not want. Russia immediately cited the bombing as proof of US recklessness while Beijing called it a serious violation of international norms. Any condemning move at the Security Council will face a US veto. However, in the General Assembly the Global South is expected to side with Iran in significant numbers. For India the strike lands like a thunderclap at a cricket match. New Delhi has tried to balance a growing partnership with Washington, deep defence ties with Israel and consequential arrangements with Tehran, from the Chabahar port to International North-South Transit Corridor and once-robust crude imports. That balancing act has lately been criticised by the main opposition party. ● The immediate anxiety is economic. The Gulf supplies 54% of India's oil, generates about 40% of its remittances and accounts for more than $170bn in two-way trade. India imports more than 80% of its crude; every ten dollar rise in Brent adds about one billion dollars a month to the import bill and pressures the rupee. Consumer inflation just slipped below 5%; a Hormuz scare could undo that gain and complicate RBI's plan to cut rates. GOI is already moving to secure supplies, eyeing the strategic petroleum reserve and talking to several producers to ensure continuity. ● A second priority is the safety of nearly nine million Indians working in the region. Evacuation from Iran and Israel is underway. Operation Sankalp ships in the region can be helpful, if required. Diplomatically India has open channels with Washington, Tehran and Jerusalem, but leverage is thin while missiles fly. Still New Delhi may be able to offer discreet messages that help each side edge away from the brink, just like back-channel efforts by Qatar and Muscat. Meanwhile others such as Saudi Arabia and UAE are actively counselling restraint. The key actors need face-saving options. That also means Washington spelling out what de-escalation looks like. Would it accept enrichment capped below weapons grade? Does it envisage returning to the JCPOA framework with phased sanctions relief? Absent clarity Tehran will read 'time for peace' as code for surrender. In US, supporters have praised decisive action; critics have warned that the President had bypassed Congress and demanded a War Powers vote. Trump's boast that the mission was historic and limited is politically smart yet strategically ambiguous. If Iran swallows the blow and returns to talks the White House can claim victory. If Tehran retaliates Washington can strike again and say it had no choice. Either way the attack chips away at the nonproliferation regime and bets that humiliation will not ignite a wider war. The US entry into another West Asian conflict recalls 1991 and 2003, but this round involves nuclear facilities, peer power pushback and an energy hungry Global South. Fordow's tunnels may indeed be rubble, yet geopolitics rarely collapses neatly. US strikes may be tactically brilliant. Strategically they kick a radioactive can down a much steeper road. That road needs to be kept from becoming a cratered battlefield. The test is whether diplomacy can move faster than the bunker busters. The writer is former permanent representative of India to UN and served as an international civil servant at IAEA Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.

Iran mulls to block Strait of Hormuz
Iran mulls to block Strait of Hormuz

Hans India

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  • Hans India

Iran mulls to block Strait of Hormuz

New Delhi: Iran's Parliament has approved the closing of the Strait of Hormuz, though the final decision will be taken by the Supreme National Security Council. After the US struck three Iranian military sites, all eyes are now on Iran's potential retaliation. In the range of options Iran has, possibly the most discussed is the threat to block the Strait of Hormuz. So far, most experts had agreed that Iran would not go that far. America's actions on Sunday seemed to have changed that. Iran's Foreign Minister Seyed Abbas Aragchi, when asked by reporters about Hormuz, said simply that 'a variety of options are available with Iran'. The Strait, a vital chokepoint for global oil shipments, handles nearly a fifth of the world's petroleum trade. It handles around 20 million barrels of crude oil per day — nearly one-fifth of global daily consumption. A closure would cripple oil exports from key Gulf producers, including Saudi Arabia, Iraq, the UAE, and Kuwait. While some alternate pipelines exist, they can only handle a small share — roughly 2.6 million barrels per day. Qatar's liquefied natural gas (LNG) exports, vital to Asia and Europe, would also be disrupted. A global oil shock would ripple across economies already grappling with inflation. Energy costs would spike, supply chains would slow, and shipping insurers are already pricing in new war-risk premiums. Economists warn a sustained disruption could slash global GDP by 1–2%, raising the risk of a worldwide recession. India, which imports 90% of its crude — with over 40% coming through Hormuz — is especially vulnerable. A cut-off would affect refinery operations, trade balances, and drive inflation through soaring fuel prices. The rupee would likely come under pressure, and the government may be forced to dip into its 74-day oil reserves. Major General Kowsari, a member of the parliament's National Security Committee, confirmed the development, stating that the proposal reflects national sentiment but awaits the green light from the country's highest decision-making body on security matters. The escalation comes amid rising tensions following Israel's ongoing military operations against Iran-linked targets and a deadly regional standoff.

Stock Market LIVE: GIFT Nifty down; Asia falls on US entry in Israel-Iran war
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