Gold Rate Today, June 10: Prices drop by up to ₹4,300/10 gm as West Asia tensions escalate; check rates

Gold prices after a one-day breather again lost ground on Wednesday (June 10, 2026). According to GoodReturns.in after gaining by ₹147 per gm in the previous session, 24 carat gold decreased in price by ₹430 per gm to ₹14,886, while 22 carat gold declined by ₹395 to ₹13,645. Also, 18 carat gold decreased in price by ₹323 to ₹11,164 per gm.

For past few days, gold was on a losing streak amid gains in the dollar index and rising treasury yield. Also, bets of a higher-for-longer interest rate scenario, together with the inflationary pressure had been weighing on gold prices

On June 10, 2026, gold prices across major brands are as below:

Kalyan Jewellers: 22 carat gold is priced for ₹14,040 and 24 carat gold is retailing at ₹15,316 per gm. The price of 18 carat gold is ₹11,487 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,040 per gm. 24 carat gold quoted at ₹15,316 per gm, while 18 carat gold was retailing at ₹11,487.

Factors influencing gold rate today

Gold prices fell sharply on the MCX amid renewed hostilities between the US and Iran. At around 9:30 am, August gold futures were down by 1.5% or ₹2,325 at ₹1,50,118 per 10 gm.

US August gold futures were dragged even more sharply by as much as 1.84% at $78.81 per ounce.

The dollar index climbed, rendering greenback-priced gold expensive for holders of other currencies.

Oil prices also rose, with Brent crude last trading higher by over $90 per barrel.

On Tuesday, the US launched attacks against Iran after President Trump said Iranians shot down one of their helicopters in the Strait of Hormuz, clouding hopes of a possible truce.

Amid all the noise around the escalating geo-political tensions as well as interest rate hike worries, analysts broadly foresee correction in gold prices in the near-term.