On June 3, 2025, gold prices in the Indian market witnessed a slight increase. Weakening of the dollar and global volatility have driven investors back towards gold. Updated rates for 22-karat and 24-karat gold have been released in Delhi, Mumbai, Patna, and other major cities. Silver prices also experienced some fluctuation.
Global Conditions Influence Prices
After a decline in the previous few days, gold prices showed a marginal increase on June 3, 2025. The weakening of the US dollar and global economic uncertainties have led investors to once again choose gold as a safe investment option.
In Mumbai, India's financial capital, 22-karat gold traded at ₹90,610 per 10 grams, and 24-karat gold at ₹98,850 per 10 grams. Silver prices increased by ₹100, reaching ₹100,100 per kilogram.
MCX Prices Decline
However, during the morning trading session on the Multi Commodity Exchange (MCX), both gold and silver prices saw a decline.
- Gold: Decreased by 0.26% to ₹97,701 per 10 grams
- Silver: Fell by 1.01% to ₹99,991 per kilogram
This decline reflects the temporary fluctuations of the futures market, which are based on international signals and investor buying trends.
Latest Gold Rates in Major Cities (June 3, 2025)
Gold prices in India fluctuate daily, and these rates may vary slightly from city to city due to factors such as taxes, jeweler costs, and supply and demand. Below are the latest rates for 22-karat and 24-karat gold per 10 grams in major Indian cities on June 3, 2025:
| City | 22 Karat (₹) | 24 Karat (₹) |
| Delhi | ₹90,760 | ₹99,000 |
| Mumbai | ₹90,610 | ₹98,850 |
| Chennai | ₹90,610 | ₹90,610 |
| Bengaluru | ₹90,610 | ₹98,850 |
| Kolkata | ₹90,610 | ₹98,850 |
| Patna | ₹90,660 | ₹98,900 |
| Jaipur | ₹90,760 | ₹99,000 |
| Ahmedabad | ₹90,660 | ₹98,900 |
| Hyderabad | ₹90,610 | ₹98,850 |
Factors Affecting Prices
Gold prices in India depend on several domestic and international factors, including:
- Supply and demand in international markets
- The status of the US dollar and exchange rates
- Seasonal increases in demand (e.g., festivals, weddings)
- Global political or financial instability
Furthermore, gold in India is considered significant not only as an investment but also from a social and cultural perspective. Demand significantly increases during weddings, festive seasons, and family occasions.
