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Gold And Silver Prices Today, June 3: In Mumbai, the price of gold stood at Rs 90,610 per 10 grams for 22-carat and Rs 98,850 per 10 grams for 24-carat.
Gold Price Today, June 3.
Gold Rates Today In India, June 3: Gold prices on Tuesday rose amid a weaker dollar and an increased investor demand for safe-haven assets amid escalating geopolitical and economic uncertainties. In Mumbai, the price of gold stood at Rs 90,610 per 10 grams for 22-carat and Rs 98,850 per 10 grams for 24-carat.
The price of silver, however, rose by Rs 100 to Rs 1,00,100 per kg in Mumbai.
However, in the futures market, on the MCX, gold was trading lower by 0.26 per cent to trade at Rs 97,701 per 10 grams. Silver was also trading down by 1.01 per cent to trade at Rs 99,993 per kg in the morning trade.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (June 3, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,760 | Rs 99,000 |
| Jaipur | Rs 90,760 | Rs 99,000 |
| Ahmedabad | Rs 90,660 | Rs 98,900 |
| Patna | Rs 90,660 | Rs 98,900 |
| Mumbai | Rs 90,610 | Rs 98,850 |
| Hyderabad | Rs 90,610 | Rs 98,850 |
| Chennai | Rs 90,610 | Rs 98,850 |
| Bengaluru | Rs 90,610 | Rs 98,850 |
| Kolkata | Rs 90,610 | Rs 98,850 |
Silver Price In India Today (June 3, 2025)
The price of silver on Tuesday rose by Rs 100 to Rs 1,00,100 per kg in Mumbai, according to goodreturns.in.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold prices hit 3-week highs and silver prices also hit 2-month highs in the international markets. The rally was driven by increased investor demand for safe-haven assets amid escalating geopolitical and economic uncertainties. A 0.7% decline in the US dollar further supported foreign inflows.”
Investor sentiment turned defensive as President Trump’s announcement to double tariffs on steel and aluminium, rekindling trade war concerns with China. Escalating tensions in the Russia-Ukraine conflict further strengthened the safe-haven demand, he added.
In the international market, spot gold fell 0.3% to $3,369.98 an ounce, as of 0249 GMT, after hitting its highest level since May 8 earlier in the session. US gold futures were steady at $3,390.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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