Gold Prices Dip on June 3; Check 22K, 24K Rates Across Cities

New Delhi | June 3, 2026 Gold prices slipped on Wednesday, June 3, as global market uncertainty and renewed tensions in West Asia impacted investor sentiment. Rising oil prices and concerns over inflation also contributed to the decline, while traders awaited key US economic data for further direction.

In Mumbai, 24-carat gold was priced at Rs 1,56,220 per 10 grams, while 22-carat gold stood at Rs 1,43,220 per 10 grams, excluding GST and making charges. Similar rates were recorded in cities including Kolkata, Chennai, Bengaluru, Hyderabad, and Pune.

In Delhi and Jaipur, 24K gold was priced at Rs 1,56,370 per 10 grams, while 22K gold stood at Rs 1,43,270. Ahmedabad recorded 24K gold at Rs 1,56,270 and 22K gold at Rs 1,43,270.

On the Multi Commodity Exchange (MCX), gold futures declined 0.14% to Rs 1,59,127 per 10 grams during opening trade. Silver also witnessed a drop, falling 0.43% to Rs 2,65,553 per kilogram.

Globally, gold prices weakened despite geopolitical concerns after fresh hostilities in the Gulf region and stalled US-Iran diplomatic talks. Analysts say higher oil prices could fuel inflation and keep interest rates elevated, making gold less attractive as a non-yielding asset.

Gold prices in India are influenced by international market trends, import duties, taxes, exchange rates, and seasonal demand during weddings and festivals.

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