Gold and Silver Prices in Mumbai: June 11 Updates

Gold and silver prices are witnessing positive movement today in Mumbai, as global economic uncertainty continues to influence market trends. As of June 11, 2025, gold prices are showing an upward trend due to ongoing concerns over the trade war between the United States and China, and upcoming data on the US consumer price index (CPI), which investors believe may provide vital clues regarding the US Federal Reserve's stance on interest rates.

Despite signs of a slowdown in the US economy, experts predict the Fed may not cut rates immediately due to inflation concerns linked to the trade conflict. This uncertainty has driven many investors to turn to precious metals like gold and silver as a safe haven during these volatile times.

Gold and Silver Price Trends in Mumbai – June 11, 2025

As of 10 AM on June 11, 2025, the price of 24-carat gold in Mumbai stands at ₹97,300 per 10 grams, while 22-carat gold is priced at ₹89,129 per 10 grams. In comparison, silver prices have held firm above ₹1 lakh per kilogram, with silver priced at ₹1,07,090 per kilogram, according to the Indian Bullion Association (IBA).

Gold continues to demonstrate a strong performance, with a 30% price jump over the past year and a 15% compounded annual growth rate (CAGR) since 2001. Over the past two decades, gold has significantly outpaced inflation, making it a preferred investment choice.

Gold and Silver Rates Across Indian Cities – June 11

 

Mumbai:

24-carat Gold: ₹97,300 per 10 grams

22-carat Gold: ₹89,129 per 10 grams

Silver: ₹1,07,090 per kilogram
 

Bengaluru: Prices vary slightly depending on local market conditions.

Gold bullion rates in Bengaluru — ₹97,120/10 gm.
MCX Gold rate in Bengaluru — ₹97,234/10 gm.
Silver bullion rate in Bengaluru — ₹1,06,810/kg.
MCX Silver 999 rate in Bengaluru — ₹1,06,726/kg.

Chennai: Prices generally align with national trends.

Gold and Silver Prices in Chennai — June 11
Gold bullion rates in Chennai — ₹97,290/10 gm.
MCX Gold rate in Chennai — ₹97,234/10 gm.
Silver bullion rate in Chennai — ₹1,06,900/kg.
MCX Silver 999 rate in Chennai — ₹1,06,726/kg.

Hyderabad: Rates similar to Bengaluru and Mumbai.

Gold bullion rates in Hyderabad — ₹97,160/10 gm.
MCX Gold rate in Hyderabad — ₹97,234/10 gm.
Silver bullion rate in Hyderabad — ₹1,06,750/kg.
MCX Silver 999 rate in Hyderabad — ₹1,06,726/kg.

New Delhi: Gold prices reflect the ongoing national trends.

Gold bullion rates in New Delhi — ₹96,870/10 gm.
MCX Gold rate in New Delhi — ₹97,234/10 gm.
Silver bullion rate in New Delhi — ₹1,06,540/kg.
MCX Silver 999 rate in New Delhi — ₹1,06,726/kg.

For retail customers, it's important to note that jewellers often add making charges, taxes, and GST to the base price, which could increase the final cost of gold and silver.

Looking Ahead: Market Expectations for Gold and Silver

Given the prevailing global uncertainties and the ongoing trade disputes, experts believe that gold and silver will continue to perform well in the coming months. Investors looking for safe haven assets are likely to keep gold and silver in their portfolios, with prices expected to rise further as the US Fed's interest rate decisions unfold. The long-term outlook for these commodities remains strong, with gold continuing to offer a hedge against inflation and market instability.