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**Gold Prices Dip Slightly Amid Geopolitical Shifts, Silver Remains Strong**

**[City, Date – June 28, 2024]** – Gold prices on the Multi Commodity Exchange (MCX) experienced a slight dip for the second consecutive day, influenced by easing tensions between Israel and Iran and a strengthening US dollar. As of 8:21 AM today, the MCX gold index stood at ₹95,524 per 10 grams.

Despite the short-term pullback, gold remains a popular safe-haven asset. Over the past two decades, gold prices have surged an impressive 1,200%, reaching over ₹1,00,000 by June 2024. Year-to-date, gold has gained 31%, consistently hitting new record highs, making it an attractive option for investors seeking stability in volatile markets.

Silver prices continue to demonstrate remarkable resilience, holding above ₹1 lakh per kilogram for the past three weeks. In the last 20 years, silver has risen 668.84 percent. As of this morning, MCX silver prices were at ₹1,05,300 per kilogram.

**Here’s a breakdown of today’s bullion rates in major cities (as of 8:25 AM, IBA data):**

* **Mumbai:** Gold – ₹95,600/10 gm, Silver – ₹1,05,660/kg
* **New Delhi:** Gold – ₹95,440/10 gm, Silver – ₹1,05,470/kg
* **Kolkata:** Gold – ₹95,470/10 gm, Silver – ₹1,05,520/kg
* **Bengaluru:** Gold – ₹95,680/10 gm, Silver – ₹1,05,740/kg
* **Hyderabad:** Gold – ₹95,750/10 gm, Silver – ₹1,05,820/kg
* **Chennai:** Gold – ₹95,880/10 gm, Silver – ₹1,05,960/kg

*(Note: Prices may vary depending on the jeweller and include making charges, taxes, and GST.)*

Looking ahead, the market will closely monitor the reciprocal tariff deadline of July 9th announced by US President Donald Trump. This deadline could potentially impact gold prices, highlighting the continued sensitivity of precious metals to global economic and political developments.

*Disclaimer: Investment decisions should be made after consulting with a certified financial expert.*

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