On June 4, 2026, India's precious metals market saw gold and silver prices remain largely stable across major cities. Despite minor fluctuations influenced by global geopolitical tensions and mixed signals from the US dollar, domestic demand and cautious investor sentiment kept prices from sharp movements.
India Gold and Silver Prices on June 4, 2026
Precious metals, traditionally viewed as safe-haven assets, displayed a steady trend today. Retail prices for 24-carat gold averaged around ₹15,621 per gram, while 22-carat gold was priced at approximately ₹14,319 per gram across the country.
Silver, a metal sensitive to industrial demand, traded at elevated levels, with an average price of around ₹2,79,900 per kilogram in the domestic bullion market.
City-Wise Gold Rates (Per Gram)
- Delhi: 24K gold at ₹15,636, 22K gold at ₹14,334
- Mumbai: 24K gold at ₹15,621, 22K gold at ₹14,319
- Kolkata: 24K gold at ₹15,621, 22K gold at ₹14,319
- Chennai: 24K gold at ₹15,817, 22K gold at ₹14,499
City-Wise Silver Rates (Per Kilogram)
- Delhi: ₹2,79,900
- Mumbai: ₹2,79,900
- Kolkata: ₹2,79,900
- Chennai: ₹2,89,900
Factors Influencing Precious Metal Prices
Several factors contribute to the daily fluctuations in India's gold and silver markets. These include international bullion rates, the movement of the Indian rupee against the US dollar, prevailing import duties, and seasonal demand for jewellery. With upcoming wedding and festive seasons in some regions, stable retail demand is helping to prevent significant price corrections.
Silver prices, in particular, are more susceptible to global manufacturing trends and industrial demand, making them potentially more volatile during periods of economic uncertainty compared to gold.
MCX Futures Market Overview
On the Multi Commodity Exchange (MCX), precious metal futures saw a slight dip in the last trading session on June 3, 2026. Gold (July futures) settled marginally lower at ₹1,58,985 per 10 grams, marking a 0.22% decrease. Silver (August futures) also experienced selling pressure, falling by nearly 0.13% to ₹2,66,230 per kilogram.
Analysts note that traders are maintaining a cautious stance, awaiting further global macroeconomic cues, currency movements, and geopolitical developments that are expected to shape the next trend in precious metals.