Gold and silver prices remained largely steady on June 4, with 24-carat gold trading at ₹15,621 per gram and silver hovering near ₹2,79,900 per kg amid global market uncertainty.
Gold and silver prices in India remained broadly stable on June 4, 2026, with only marginal variations recorded across key metropolitan markets.
The precious metals segment showed limited movement despite ongoing geopolitical developments in West Asia and fluctuating trends in the US dollar, suggesting that investors are maintaining a cautious stance while domestic demand continues to provide support.
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According to the latest retail bullion rates, 24-carat gold is being sold at approximately ₹15,621 per gram, while 22-carat gold is available at around ₹14,319 per gram.
Silver is trading near ₹2,79,900 per kilogram in the domestic market. Rates differ slightly from one city to another because of factors such as local levies, transportation expenses and individual jewellers' pricing policies.
Market experts note that domestic gold prices are largely driven by movements in international bullion markets, fluctuations in the rupee-dollar exchange rate, import duty structures and seasonal buying patterns.
Gold prices in major cities (per gram)
| City | 24K Gold (₹) | 22K Gold (₹) |
| Delhi | 15,636 | 14,334 |
| Mumbai | 15,621 | 14,319 |
| Kolkata | 15,621 | 14,319 |
| Chennai | 15,817 | 14,499 |
With wedding-related purchases and regional festive demand expected in the coming weeks, consumer interest in gold has remained steady, helping prices avoid any significant decline.
Silver prices in major cities
Silver continues to command strong valuations compared to its historical averages. The metal is drawing support from both industrial consumption and investment demand.
| City | Silver (₹ per 10gm) | Silver (₹ per kg) |
| Delhi | 2,799 | 2,79,900 |
| Mumbai | 2,799 | 2,79,900 |
| Kolkata | 2,799 | 2,79,900 |
| Chennai | 2,899 | 2,89,900 |
Unlike gold, however, silver tends to react more sharply to changes in manufacturing activity and broader economic conditions, making it comparatively more volatile during periods of uncertainty.
MCX closing prices
On the Multi Commodity Exchange (MCX), gold futures ended Wednesday's session at ₹1,58,985 per 10 grams, registering a modest decline.
| Commodity | Price (MCX) | Change |
| Gold (July futures) | ₹1,58,985 per 10 grams | Down 0.22% |
| Silver (August futures) | ₹2,66,230 per kg | Down 0.13% |
The weakness came as physical bullion prices softened amid renewed geopolitical concerns in West Asia and stronger-than-expected economic indicators from the United States.
Silver futures also closed lower during the session, slipping around 0.13% to ₹2,66,230 per kilogram. Recent futures market activity indicates that bullion prices remain under mild pressure, with silver witnessing a comparatively larger correction than gold.
Analysts believe traders are adopting a wait-and-watch approach as they assess upcoming global economic data, currency market movements and geopolitical developments.
These factors are expected to play a key role in determining the near-term direction of both gold and silver prices.
Published: 04 Jun 2026, 10:34 am IST
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