On June 21, 2024, 24K gold prices rose across several Indian cities, with Chennai quoted at Rs 14,837 per gram—about Rs 230 higher than other major markets. Across key cities nationwide, 24K gold was largely listed in the Rs 14,608–14,837 per gram range. Silver prices were unchanged at Rs 250 per gram, extending a flat run for multiple days. The article linked the price swings to uncertainty tied to the “ongoing US war against Iran,” describing it as continued geopolitical-risk pricing without citing fresh evidence of escalation.

On June 17, gold and silver prices in India rose sharply as the US war against Iran fuelled safe-haven demand. MCX gold futures (August) touched an intraday high of Rs 1,53,829 per 10 grams, while silver futures (July) climbed to Rs 2,53,345 per kg. Chennai posted the highest 24K gold rate at Rs 15,337 per gram, and silver was quoted at Rs 264.90 per gram.