Did you hear, "Gold prices fell to their lowest in nearly two weeks on Tuesday (June 24 2025)?" But how much?”
Well, the gold price dropped 0.5% to $3,351.47 an ounce, while the US gold futures declined 0.9% to $3,365.30 an ounce, the lowest level since June 11.
What Would Drive the Price of Gold Down?
Well, "Markets are pricing in signs of de-escalation between the US and Iran," said Ilya Spivak, Head of Global Macro at Tastylive.
In India, 24-karat gold was priced at Rs.1,00,680 per 10 grams. Rates for 22-karat and 18-karat gold were Rs. 92,290 and Rs75,510 per 10 grams, respectively.
Experts have also noted that easing geopolitical tensions pulls investors away from traditional safe-haven assets like Gold Mutual Funds or gold ETFs.
"Despite short-term volatility, gold has surged nearly 30% so far this year," said Riya Singh, Research Analyst at Emkay Global Financial Services. She added that domestic prices rose 4% in June, even as jewellery demand softened.
Gold ETFs continue to attract strong investor interest. In May, Indian gold ETFs saw net inflows of Rs.290 crore, with assets under management jumping 97% year-on-year to Rs.62,400 crore. At the same time, imports fell 13% annually in May to $2.5 billion, reflecting cautious demand at elevated price levels.
Also Read: Gold Hits New Highs: Time to Cash Out or Stay Invested
Analysts say gold prices could remain firm in the medium term, supported by lingering inflation risks, uncertain oil markets, and cautious central bank moves.
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