The news of a ceasefire in Iran-Israel amidst heavy tension in West Asia has led to a big fall in the price of gold and silver on Tuesday. In the financial capital Mumbai, 22 carat gold is being sold at the rate of Rs 91,550 per 10 grams, while 25 carat gold is trading at Rs 99,870. Similarly, silver price is also trading at Rs 1,00,900 per kg during business.

Gold futures on MCX are trading at Rs 98,168 to Rs 98,168 after coming to Rs 1,00,000 earlier this month. Whereas, the silver futures on MCX are selling 0.75 percent to Rs 1,05,962 per kg.

The fresh sense of your city-the fresh sense of gold and silver

In the national capital Delhi, 22 carat gold is trading at Rs 92,440 per 10 grams and 24 carat gold is trading at Rs 1,00,830. Similarly, in Ahmedabad, 22 carat gold is being sold at Rs 91,600 and 24 carat gold is being sold at Rs 99,920. In Patna too, 22 carats and 24 carat gold are being sold at the rate of Ahmedabad. Whereas, the price of 22 carat gold in Hyderabad, Chennai, Bangalore and Kolkata is Rs 91,550. So at the same time, 24 carat gold is trading in these cities at Rs 99,970.

Significantly, this decline has been seen on the first day after ceasefire in Iran-Israel. However, market experts believe that some more fast may be seen in it next month.

Which factor are fixed by prices?

In fact, gold and silver prices are fixed from several factor, including exchange rates, dollar prices fluctuations and upheaval in the global market. Apart from this, customs also affect it and its prices are fixed on daily basis.

In Indian society, gold is quite important in both economic and cultural terms. Gold is considered very auspicious in any wedding or festival festival. Apart from this, it is also the most suitable for investment. No matter how much inflation, gold has proved herself the most return.

Also read: Iran-Israel ceasefire has a stock market, 800 points shifted Sensex, Nifty crossing 25200

Amidst tension in the Middle East, Iran’s Parliament has now been approved to close the hormun Strait. After this, now the supply chain of crude oil is expected to be affected due to its closure. However, Petrol Minister Hardeep Singh Puri said that there is no shortage of crude oil and the government is closely eyeing it. But, despite the US air strike on Iran’s nuclear installations, if the oil transport sea route closes the Iran Hormun Strait, then India is not going to make much difference.

Straight of hormun closure will not affect

According to industry experts, if the hormun strandary is closed, then there will be many options to import oil across India. From countries from Russia to America and Brazil, India can import oil of its need as an alternative source.

As soon as the tension between Iran and Israel increased the Iranian Parliament has approved the closure of Hormun Strait. From here, about 20 percent of the total oil and gas supply of the world is transported by this waterway. India imports about 40 percent of its oil and gas needs from this part. This hormuz is located between Iran in the north and Oman in the south and the United Arab Emirates. It is a major part of oil transport from major oil producing countries Saudi Arabia, Iran, Iraq, Kuwait and UAE.

India depends on imports 90% oil

India imports about 90 percent of its needs, out of which about 40 percent of which comes from the countries of Midil East via this hormun Strait. India imports about 51 lakh barrels of oil, which is converted to the refinery and prepared petrol and diesel.

But, due to the closure of this route, India oil prices are sure to increase, but it will not have much effect in India. As soon as tension in the middle East increased, India increased the purchase of oil from Russia in June. Middle East supplier increased oil imports from countries such as Saudi Arabia and Iraq. The oil hormun imported from Russia comes via a suicide canal separate from the strait. Apart from this, countries like America, West Africa, Latin America are also in option for oil backup countries as an alternative.

Also read: Gold became cheaper amidst tension in the middle East, know the fresh sense of your city on 23 June 2025

US President Donald Trump has made a big claim about Iran’s Supreme Leader Ayatollah Ali Khamenei. He said that we know very well where the Supreme leaders of Iran are hiding. Trump threatened Khamenei and said that he is a very easy target for us. The United States President Donald Trump wrote on social media platform Truth Social, ‘We are well aware of where the story of Iran is hidden. They are a very easy target for us, but at the moment they are safe because we do not want to kill them right now.

US President Donald Trump has made a big claim about Iran’s Supreme Leader Ayatollah Ali Khamenei. He said that we know very well where the Supreme leaders of Iran are hiding. Trump threatened Khamenei and said that he is a very easy target for us. The United States President Donald Trump wrote on social media platform Truth Social, ‘We are well aware of where the story of Iran is hidden. They are a very easy target for us, but at the moment they are safe because we do not want to kill them right now.

Israel Attacks Iran: On Sunday, Iran once again fired missiles on Israel, causing further confrontation between the two countries. The Israeli army said, “Iranian missiles are coming, sirens are ringing in Jerusalem.” Video has surfaced on social media, in which missiles are seen flying over Tel Aviv and Jerusalem. Many of these missiles were destroyed by Israeli’s air security system in the air itself.

Israeli’s counter attack and fire in Haifa
According to local media reports, Israel carried out counter -air strikes on Iran. After this, the air defense system was activated in the southwestern areas of the country. The Israeli army said many locations were targeted by Iranian missiles. A major explosion and fire was seen in the city of Haifa, which has been described as the effect of the Iranian attack. According to a RT International post, four people have been injured so far. This information has been quoted by Israeli officials, but their names have not been mentioned.

Explosion in Iran, fire in oil depot
In the pictures from Tehran, it was seen that there was a big explosion in the sky at night. This fire started due to attacks on Iran’s oil and gas sector by Israel. This is expected to affect Iran’s economy and government functioning. At the same time, the threat on the global economy has also increased.

IDF’s longest distance attack
A video showed that the Israeli army killed 20 drones of Iran in just one hour. Earlier, the Israeli Defense Force (IDF) said that he targeted an Iranian aircraft at Iran’s Mashhad Airport. The attack was carried out about 2,300 km from Israel. IDF said that this is the longest distance attack ever, which was done under “Operation Rising Lion”. The Israeli army says that the purpose of these attacks is to eliminate Iran’s nuclear and ballistic missile programs, it is not their goal to change the government.

Israel -ran conflict: The tension between Israel and Iran has taken a dangerous turn. Israel carried out the most terrible airstrikes ever under Operation Rising Lion on Saturday (14 June 2025). In these attacks, nuclear plants and military bases of major cities like Iran’s Natanj, Isfahan and Tehran were targeted. After the attacks, Israeli Prime Minister Benjamin Netanyahu warned, “What he has felt so far is nothing compared to the coming days.”

According to Iranian media, many senior military officers and nuclear scientists were killed in these attacks. There was news of a fierce fire in the South Paras gas area, which was later taken under control. Tehran termed these attacks as a declared war and canceled the ongoing nuclear conversation with the US with immediate effect. Iran says that such a conversation is not practical and safe in the current situation.

Attack with over 200 missiles and drones

Iran responded to these attacks within 24 hours. Tehran targeted several Israeli cities with more than 200 ballistic missiles and drones. However, most of the Israeli air defense systems intercepted, but some attacks were taken on successful targets. Tehran also said that if the attacks continue, his response will be more deadly next time. Earlier, many scientists and top commanders of Iran have died in the Israeli attack on Friday (June 13). Because of this, Iran is quite furious.

America and UN worried

The United Nations Secretary -General has appealed to both countries to exercise restraint, calling this situation dangerous. The US, who was already playing the role of a mediator in nuclear dialogue with Iran, wants to avoid getting caught in this struggle, but is also under pressure on being Israel’s strategic ally.

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