Gold price in India continue to remain stable today, no Significant change have been observed over the past two days of this week. While the price of 24-carat gold witnessed a sharp decline of ₹8,100 per 100 grams at the beginning of this week, it has remained steady today.
During the months of May and June, a substantial surge in the demand for gold jewelry is typically observed due to Hindu wedding Ceremonie. However, as gold price in India have reached record highs, buyers have become more cautiou and are deferring purchase of Large jewelry piece, a trend that has Subsequently led to a decline in gold price.
On Wednesday, gold price in the global Market witnessed a Slight dip as investor monitored escalating tension in the Middle East and awaited economic data from the United State. Gold price are Currently being influenced by report Suggesting that the US Federal Reserve intends to keep interest rates elevated for an extended period. Since gold price in India generally mirror trend in the international market, any major fluctuation in global gold rate could impact price acros Indian cities.
Gold Rate in India Today June 03rd
With no significant change observed in gold price on June 03, 2026, the rate for 22-carat gold in India remains stable at ₹143,183 per 10 grams, while the rate for 24-carat gold stands at ₹156,200 per 10 grams. Similarly, the rate for 18-carat gold in India remain steady at ₹117,150 per 10 grams.
In terms of Larger quantitie, the Price for 100 grams of 24-carat gold is Currently ₹1,562,000 while the Price for 100 grams of 22-carat gold stands at ₹1,431,833 today.
Today’s Silver Rates in India:
Today, no Significant rise or fall was observed in silver price in India, the rates have remained stable at yesterday’s levels. As of today, the Price for 1 kilogram of silver stands at ₹2,80,000, while the Prevailing rate for 100 grams of Silver is ₹28,000.
Future Outlook for Gold Price:
According to Nirmal Bang Securities, there is a Possibility of a decline in gold price. Gold could be sold at ₹1,59,800, with a stop loss set at ₹1,60,500. Price could potentially range between ₹1,59,000 and ₹1,58,200. According to an ICICI Commodity Report, the likelihood of a further decline in international gold price persist. The report state that, driven by a strengthening dollar and rising US Treasury yield, spot gold price could drop to the $4,400 level. Furthermore, renewed hostilitie in the Middle East could dampen hopes for an immediate reconciliation between the US and Iran, while simultaneously reigniting concerns regarding inflation in India a scenario that could keep interest rates elevated for an extended period. At a time when diplomatic dialogue between the US and Iran has stalled, a recurrence of military strike would only serve to exacerbate these concern.
MCX Gold and Silver Futures Price:
On Wednesday, a decline was observed in gold future price on the Multi Commodity Exchange (MCX). Gold futures contract maturing on June 05, 2026, are Currently Trading at ₹1,54,700 per 10 grams reflecting a decline of 0.55% as of 11:30 AM. Similarly, silver future contract maturing on July 03, 2026, witnessed a decline of 0.48% and are Currently Trading at ₹2,65,440.
Today,s Spot Gold and Silver Price
According to a Reuters report, spot gold fell 0.3% to $4,471.38 per ounce by 0511 GMT, after having risen by more than 1% in the previou Session. US gold future for August delivery dropped 0.5% to $4,499.30. Meanwhile, spot silver declined 0.4% to $74.82 per ounce.
Disclaimer: The gold and Silver rate Published on Moneymintidea are for informational purpose only and may vary based on the City, jeweler, Making charge and Prevailing Bullion Market Condition. While we strive to provide Accurate and up to date Price Moneymintidea does not guarantee the completeness or accuracy of these rate. All user are advised to Verify price with their Local jeweler before Making any decision regarding the Purchase or investment in gold and Silver. Neither the Moneymintidea team nor its Member shall be held liable for any losses incurred as a result of using this Information.
