On June 6, 2026, the Indian bullion market saw largely stable retail prices for both gold and silver across major cities. While global markets observed geopolitical developments and US dollar movements, precious metals, traditionally considered safe-haven assets, displayed cautious investor sentiment and consistent domestic demand.
Current Gold Prices Across India
As of June 6, 2026, 24-carat gold is trading at approximately ₹15,572 per gram in the retail market. For 22-carat gold, the price stands around ₹14,274 per gram. These rates can vary slightly between cities due to local taxes, transportation costs, and the margins applied by jewelers.
City-Wise Gold Rates (Per Gram)
- Delhi: 24K - ₹15,587 | 22K - ₹14,289
- Mumbai: 24K - ₹15,572 | 22K - ₹14,274
- Kolkata: 24K - ₹15,572 | 22K - ₹14,274
- Chennai: 24K - ₹15,795 | 22K - ₹14,429
Key factors influencing gold prices in India include international bullion rates, the exchange rate between the Rupee and the US Dollar, import duties, and seasonal demand for jewelry. The approaching wedding and festive seasons in various regions are contributing to stable retail demand, which helps prevent sharp price corrections.
Silver Market Overview
Silver prices on June 6, 2026, are hovering around ₹2,74,900 per kilogram in the domestic market. The metal continues to trade at elevated levels compared to its long-term averages, supported by both industrial demand and investment interest. Unlike gold, silver prices often show greater sensitivity to global manufacturing trends, leading to higher volatility during periods of economic uncertainty.
City-Wise Silver Rates (Per Kilogram)
- Delhi: ₹2,74,900
- Mumbai: ₹2,74,900
- Kolkata: ₹2,74,900
- Chennai: ₹2,74,900
MCX Futures Market Activity
On the Multi Commodity Exchange (MCX), during the last trading session on June 5, 2026, gold futures for July closed at ₹1,55,600 per 10 grams. Gold experienced volatility as traders remained cautious ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) announcement amidst ongoing geopolitical uncertainties.
Silver futures for August, however, saw a significant correction, falling over 6% to close at ₹2,48,201 per kilogram. This decline was attributed to selling pressure, shifts in industrial demand, and broader economic factors. Recent futures market data indicates mild pressure on bullion, with silver experiencing a more pronounced correction than gold. Analysts suggest that global macroeconomic cues, currency movements, and geopolitical developments will continue to dictate trends in precious metals.