Gold prices climb across major indian cities as global tensions shake markets

Gold prices moved higher across India on Saturday as global uncertainty continued to push investors towards safe-haven assets. Rising tensions between the United States and Iran kept bullion markets volatile through the week. As a result, jewellers, traders and retail buyers closely tracked every movement in international prices.

In Delhi, 24-carat gold sold at Rs 15,287 per gram, while 22-carat gold reached Rs 14,009 per gram. At the same time, 18-carat gold traded at Rs 11,465 per gram.

Mumbai also witnessed firm prices. Traders quoted 24-carat gold at Rs 15,267 per gram. Meanwhile, 22-carat gold stood at Rs 13,994 and 18-carat gold touched Rs 11,450 per gram.

Chennai recorded the highest rates among major metro cities. There, 24-carat gold climbed to Rs 15,385 per gram. Similarly, 22-carat gold reached Rs 14,103, while 18-carat gold sold at Rs 11,773 per gram.

In Kolkata, rates matched Mumbai levels. Gold dealers sold 24-carat gold at Rs 15,267 per gram and 22-carat gold at Rs 13,994.

Across jewellery markets, buyers remained cautious despite the steady rise. In Delhi’s Chandni Chowk and Mumbai’s Zaveri Bazaar, shop owners reported slower walk-ins during the morning hours. However, many customers still purchased small quantities because they expected further increases if geopolitical tensions worsened.

Bullion traders said international developments continue to drive domestic prices. The latest jump came after reports of military confrontation between American and Iranian naval forces near the Strait of Hormuz. That region remains crucial for global oil shipments and trade routes. Consequently, investors shifted money towards gold to reduce risk exposure.

On Friday, both gold and silver prices gained strength in commodity markets. Analysts linked the rally directly to fears of wider instability in West Asia. Investors worldwide often move towards precious metals during periods of conflict because gold traditionally holds value during economic uncertainty.

On the Multi Commodity Exchange, gold futures opened strongly. The June contract started at Rs 1,52,672 per 10 grams, higher than the previous close of Rs 1,52,261. Later in the session, prices climbed further to Rs 1,52,853.

During intraday trade, the contract even crossed Rs 1,53,000 per 10 grams. That sharp rise reflected strong investor demand as global markets reacted to fresh geopolitical developments.

Market experts believe volatility may continue over the coming days. Much now depends on the next move in the US-Iran standoff and fluctuations in the dollar index. Any further escalation could push bullion prices even higher.

Despite expensive rates, many Indian households continue to view gold as a trusted long-term investment. Traders expect demand to remain active ahead of the festive and wedding season, especially in southern and western India where gold buying traditionally rises during celebrations.