Gold prices surged across major Indian cities on June 3 amid rising global uncertainty. Investors turned to gold and silver as safe haven assets, driven by Donald Trump’s tariff standoff with China and the EU, ongoing Russia-Ukraine tensions, and anticipation around the US Federal Reserve’s rate decision.
On June 2, gold futures for June 5 delivery jumped 1.7% (₹1,630), pushing MCX gold to an intraday high of ₹97,505/10 gm. COMEX gold was also up 1.74% at $3,373. Meanwhile, silver crossed the ₹1 lakh/kg mark.
At 7:20 AM on June 3, 24-carat gold was priced at ₹98,010/10 gm and 22-carat gold at ₹89,843/10 gm, as per the Indian Bullion Association. Silver (999 Fine) was trading at ₹1,01,300/kg.
Here are the latest city-wise bullion and MCX rates for gold and silver:
Mumbai
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Gold Bullion: ₹97,830/10 gm
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Silver Bullion: ₹1,01,120/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Delhi
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Gold Bullion: ₹97,660/10 gm
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Silver Bullion: ₹1,00,940/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Kolkata
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Gold Bullion: ₹97,700/10 gm
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Silver Bullion: ₹1,00,980/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Chennai
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Gold Bullion: ₹98,110/10 gm
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Silver Bullion: ₹1,01,410/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Bengaluru
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Gold Bullion: ₹97,910/10 gm
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Silver Bullion: ₹1,01,200/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Hyderabad
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Gold Bullion: ₹97,980/10 gm
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Silver Bullion: ₹1,01,280/kg
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MCX Gold: ₹96,781/10 gm
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MCX Silver: ₹1,00,098/kg
Note: Retail prices may vary due to taxes, making charges, and GST.
