Gold price prediction today 24 karat India: Where is gold rate headed amidst Iran-Israel tensions? Here's the outlook
24 Karat gold price could remain subdued in the near term amid lack of fresh demand cues in global markets. (AI image)
Gold price prediction today: Gold rates have been in focus for the last few days due to increased safe haven demand amidst the escalating Iran-Israel conflict. All eyes this week will be on the US Federal Reserve's commentary on rate cut possibility.
Gold prices are expected to remain volatile in the near future.
Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations:
Gold prices ended the last week with gains amid escalating Middle-East tensions & rising bets of a Federal Reserve (Fed) rate cut. Investors ignored the upbeat US economic data released last week as geopolitical tensions remained the major focus of the current week.
In other news, due to a combination of central bank gold buying & surging price of gold, the yellow metal overtook the euro as the world's number two reserve asset as gold made up 19.6 percent of global reserves, with the Euro accounting for 15.9 percent.
The survey carried out by World Gold Council expected 95% of respondents believing that global central bank gold reserves to increase over the next 12 months as a record 43% of respondents also believe that their own gold reserves will also increase over the same period and none anticipate a decline in gold holdings.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Godrej Majesty | Luxurious 3 & 4 BHK Homes at ₹2.39 Cr*
Godrej Majesty
Learn More
Undo
In China, the recent US-China trade truce still faced challenges as military-use rare earth exports were unresolved. This remained after China refused to approve exports of specific rare earth metals used in US weapon systems, maintaining a chokepoint in the global supply chain.
Focus this week to remain on any escalation in the middle east crisis, along with global central banks including US monetary policy meetings.
The Bank of Japan had foregone another interest rate hike this year due to uncertainty over US tariff policy.
However, all eyes remain on the June 18 Fed meeting, where the dot plot and Powell's tone may define gold's path for the rest of 2025. US Policymakers are expected to monitor inflation through the coming months till September before considering any moves. Overall Markets continue to price in two rate cuts later this year, likely in the second half.
On the other hand, traders may also closely monitor further rise in Oil prices which may keep Indian rupee under pressure keeping domestic prices elevated in near sessions. For Gold, a breach of all time high levels in spot markets cannot be completely ruled out in the coming week while volatility & profit booking moves could also persist at higher levels. On the lower side a resistance turned support around $ 3360 per oz remains critical on a weekly basis, a sustainable breach below which only prices could drift lower towards $ 3280-3250 levels in Spot.
Gold Price Weekly View: Volatile (1 – 2 Weeks)
Broad trading range on MCX futures (Aug CMP Rs 99,385) remains around Rs 97,200 - 1,02,500 per 10 gm
Meanwhile Silver is expected to trade with a positive bias as it may test Rs 1,10,000 - 1,13,000 per Kg on MCX (Aug) futures contract on the higher side in 1 - 2 weeks perspective.
Gold rate in India has seen a notable decrease across all purities and quantities in the last few days as higher prices have continued to dampen physical demand in India especially for jewellery.
24 Karat gold price
could remain subdued in the near term amid lack of fresh demand cues in global markets.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
14 minutes ago
- Time of India
Virgo Daily Health Horoscope Today, June 21, 2025: A moment of reflection brings peace
Virgo, daily horoscopes await your discovery according to how mighty planets act on your health and vitality. Get helpful insights to coordinate your day with clarity and confidence. Maintain your balance and bask in the good cosmic vibes. T oday invites you to pause and reflect deeply on your path. Taking time for quiet thought will bring much-needed peace and clarity. Let go of rushing or overthinking. Trust that stepping back will help you see solutions and new directions clearly. Your thoughtful nature is your strength, so nurture it by listening to your inner self with patience and kindness. Virgo Health Horoscope Today Your health needs gentle care today. Avoid pushing yourself too hard and give your body the rest it needs. Eating light and nutritious food will boost your energy. Pay attention to any signs of stress and try simple relaxation techniques. Drinking enough water and sleeping well are important. Small acts of self-care now will improve your overall wellness. Virgo Wellness Horoscope Today Wellness will come through calm and balance today. Meditation, journaling, or deep breathing will help clear your mind. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Avoid multitasking or chaotic environments that cause stress. Surround yourself with calm energy and positive thoughts. Focusing on inner peace will refresh your spirit. Trust your ability to restore harmony through thoughtful self-care. Virgo Love Horoscope Today Your love life benefits from honest conversations today. Express your feelings with care and listen patiently. If single, quiet reflection may help you understand what you truly want. Don't rush relationships but let them develop naturally. Small gestures of kindness and attention will strengthen bonds and bring emotional comfort to your heart. Virgo Career Horoscope Today In your career, patience and clarity will help you make better decisions. Avoid hasty moves or impulsive actions. Take time to analyse situations carefully before proceeding. Your attention to detail and careful planning will impress others. Collaborate with colleagues to find balanced solutions. Your steady approach now will lead to long-term success. Virgo Money Horoscope Today Financial matters improve when you plan calmly and think practically. Reflection on your spending and saving habits will help you make better choices. Trust your ability to manage money wisely without stress. New opportunities for income may come through steady efforts and smart decisions. Believe that calm focus will attract financial stability. Virgo Affirmation Today: I find peace through quiet reflection and thoughtful care today. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
14 minutes ago
- Time of India
Insider reveals Connor McDavid's next step could surprisingly be tied to Lauren Kyle's luxury ventures
Insider reveals Connor McDavid's next step could surprisingly be tied to Lauren Kyle's luxury ventures (Image via Getty) Connor McDavid's future with the Edmonton Oilers has been the center of many talks after the team's Stanley Cup loss. But now, a new reason is coming up, one that has nothing to do with hockey stats. It's personal, and it might be powerful enough to change everything. It's about his wife, Lauren Kyle, and her growing business life in Edmonton. Connor McDavid's future may depend on wife Lauren Kyle's growing ventures in Edmonton On June 20, 2025, NHL insider Chris Johnston shared a fresh update on The Chris Johnston Show about Connor McDavid's situation. According to Johnston, one big reason why Connor McDavid may stay with the Oilers is because of his wife Lauren Kyle's success as a businesswoman in Edmonton. 'She's an entrepreneur,' J ohnston said on the show. 'She just opened a bar in Edmonton and has a lot of different ventures.' He said that Connor McDavid is signed for an eleventh season, having lived in Edmonton for ten years. The idea here is that the couple has created a life together in the city. And now with Lauren Kyle supporting nearby companies, the roots appear to be deepening. However, Johnston also gave a small warning. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Forget Furosemide, Use This Household Item To Help Drain Edema Fluid WellnessGuide Learn more Undo 'They have to give him a reason to stay,' he said, pointing to how the team must continue building a winning roster to keep their star captain interested. McDavid's close bond with teammate Leon Draisaitl could also be a big factor. Draisaitl, who is also his best friend, has just started his new eight-year contract with the team. That long-term deal could be another reason for McDavid to remain. Connor McDavid may choose a short-term contract to keep pressure on the Oilers While many expect Connor McDavid to sign a long deal, Johnston suggested something different. He said a shorter contract like four or five years is more likely than the usual eight-year max. Also Read: NHL Rumor: Connor McDavid Trade Buzz Grows As Tampa Bay Lightning Emerges As Surprise Option For Oilers Star 'I wouldn't be surprised if we're looking at a short-term deal,' Johnston said. 'Not because he wants to leave, but because it keeps his options open.' The idea is that a shorter deal would remind the Oilers that they must stay competitive. With only one season left on Connor McDavid's current contract, the pressure is now on Edmonton to prove they can win soon or risk losing their captain and star player. Johnston's full remarks can be heard starting at the 3:18 mark of the June 20 episode. Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here
Time of India
15 minutes ago
- Time of India
From high stress to headstands: Hyderabad techies quit corporate jobs to become yoga teachers; here's what they say
HYDERABAD: Even as corporate India grapples with whether to work 70 hours a week or not, many young professionals in Hyderabad are making a mid-career shift and becoming full-time yoga instructors. If it means a pay cut, so be it. Those 15-hour workdays packed with PowerPoint presentations, deadlines and unending meetings have finally got to them. TOI spoke to many techies who have swapped high-pressure jobs for the calm, flexible life of full-time yoga. Mrudula Neelam, 31, was a techie with a major corporate and spent nearly four years buried in spreadsheets and regulatory frameworks at a multinational firm. "My body just couldn't take the 14-15 hour work days any more," she says. "I was constantly sick and stressed. The turning point came during 'Wellness Fridays' at her workplace, where she began teaching yoga to colleagues. Already certified, she started taking it more seriously. A scholarship for an Ashtanga immersion course in Bali sealed the deal. "It all shifted from being a weekend side hustle to a full-time career for me." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo Mrudula now runs classes from her online studio, teaches in-person sessions, and even travels to retreats and workshops in other cities. At 25kmph, Hyderabad tops metro cities in traffic speed The city's average traffic speed of 25 kmph is the highest among major metropolitan cities in India, Hyderabad commissioner of police CV Anand said on Friday. He was speaking at the 'Traffic Action Plan' meeting held at the Telangana Integrated Command and Control Centre, Banjara Hills. "Despite the city adding nearly 1,600 new vehicles to the roads every day, we aim to improve the average speed to 27 kmph," Anand said. "Currently, about 91 lakh vehicles ply on Hyderabad roads daily, which shows a 45% surge since the Covid pandemic. The key to managing this growing volume lies in effective signal management," he added. At the event, Hyderabad city police also signed a memorandum of understanding (MoU) with Google to implement Operation Green Light, a collaborative initiative aimed at optimising traffic signals. "Every time someone uses Google Maps for navigation, data is generated about traffic flow and congestion," a senior police official explained. "With this MoU, we will use that real-time data to manage signal timings better. This will not only help reduce waiting time at signals but also cut down on greenhouse gas emissions," he said. Officials said the system will also help monitor sudden incidents or route deviations, allowing quicker alerts and responses by the traffic police. Highlighting other traffic management efforts, the city police commissioner said, "We are currently using two drones and 25 high-rise CCTV cameras for surveillance, and more will be added soon." He also lauded the role of transgender assistants deployed at traffic signals, a govt initiative introduced in Dec 2024. Anand assured that the police are also preparing for the upcoming monsoon season with appropriate precautionary measures.
