Gold Prices In India Today, June 24: Gold and silver prices in India on Tuesday fell sharply following the reports of Iran-Israel ceasefire, halting the days of escalation. In Mumbai, the price of gold stood at Rs 91,550 per 10 grams for 22-carat and Rs 99,870 per 10 grams for 24-carat. Silver was also trading down at Rs 1,00,900 per kg in the city.

Gold futures on the MCX experienced volatility, with prices falling about 1.23% to around Rs 98,168 per 10 grams after peaking above Rs 1,00,000 earlier this month. This decline comes after reports of a ceasefire between Israel and Iran, which has eased safe-haven demand for gold.

Silver futures on the MCX have also seen a pullback, trading at approximately Rs 1,05,962 per kg, down 0.75%. This follows a high of Rs 1,10,000 per kg in August futures earlier in the month, driven by heightened Middle East tensions. The ceasefire news has tempered speculative buying, with silver prices reflecting a cautious market sentiment.