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Gold Price Today, June 5: The price of gold stands at Rs 91,300 per 10 grams for 22-carat and Rs 99,600 per 10 grams for 24-carat in Mumbai. With 3% GST, it stands at Rs 1,02,588.
Gold Prices Today, June 5.
Gold Rates Today In India, June 5: Gold prices on Thursday rose as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. In Mumbai, the price of gold stood at Rs 91,300 per 10 grams for 22-carat and Rs 99,600 per 10 grams for 24-carat.
The price of silver jumped by Rs 2,000 to Rs 1,04,000 per kg in Mumbai.
With 3% GST, gold prices in Mumbai stand at Rs 1,02,588 per 10 grams.
Also Read: Gold Prices May Fall Below Rs 85,000 In 2 Months: What’s Behind The Big Decline?
On the MCX, gold was trading lower by 0.33 per cent to trade at Rs 98,255 per 10 grams. Silver was, however, also trading up by 0.18 per cent to trade at Rs 1,01,477 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 5, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,450 | Rs 99,750 |
| Jaipur | Rs 91,450 | Rs 99,750 |
| Ahmedabad | Rs 91,350 | Rs 99,650 |
| Patna | Rs 91,350 | Rs 99,650 |
| Mumbai | Rs 91,300 | Rs 99,600 |
| Hyderabad | Rs 91,300 | Rs 99,600 |
| Chennai | Rs 91,300 | Rs 99,600 |
| Bengaluru | Rs 91,300 | Rs 99,600 |
| Kolkata | Rs 91,300 | Rs 99,600 |
Silver Price In India Today (June 5, 2025)
The price of silver on Thursday jumped by Rs 2,000 to Rs 1,04,000 per kg in Mumbai, according to goodreturns.in.
In the international market, spot gold was steady at $3,372.82 an ounce, as of 0210 GMT. U.S. gold futures edged down 0.1% to $3,395.50.
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “Gold and silver prices rose on Wednesday as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. This boosted demand for non-yielding assets like gold.”
Nevertheless, Fed officials remain cautious about easing too quickly, particularly amid ongoing trade tensions marked by new tariffs and faltering US-China talks. Investors now turn their attention to Friday’s nonfarm payroll report for further policy cues, he added.
‘Gold May Fall 12-15% In Two Months’
According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months.
“Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” Quant Mutual Fund stated in its latest ‘Factsheet for June 2025’.
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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