Amid geopolitical tensions and high US tariffs, gold crosses ₹98,000/10 gm and silver surpasses ₹1 lakh/kg in major Indian cities.
June-3, 2025: Gold prices continue to surge across India as global uncertainties and market volatility drive investors towards safe-haven assets. In major cities including Mumbai, Hyderabad, Delhi, Kolkata, Bengaluru, and Chennai, gold prices have risen to new highs on June 3.
Also Read: Elon Musk’s Father Tells Son: “Get Some Rest, Visit India!”
A key factor fuelling the rally is heightened geopolitical tension, with Donald Trump’s new tariffs on China and the EU, and ongoing concerns over the Russia-Ukraine war. Additionally, anticipation of the US Federal Reserve’s next move has bolstered safe-haven demand.
According to data from the Indian Bullion Association (IBA), 24-carat gold reached ₹98,010 per 10 gm today, while 22-carat gold was priced at ₹89,843 per 10 gm. Silver prices crossed ₹1,01,300 per kg (Silver 999 Fine).
Also Read: US-India Trade Deal Likely Soon: Top Trump Aide Hints at Favourable Terms
City-Wise Gold and Silver Prices on June 3:
- Mumbai:
- Gold: ₹97,830/10 gm
- Silver: ₹1,01,120/kg
- Hyderabad:
- Gold: ₹97,980/10 gm
- Silver: ₹1,01,280/kg
- Delhi:
- Gold: ₹97,660/10 gm
- Silver: ₹1,00,940/kg
- Kolkata:
- Gold: ₹97,700/10 gm
- Silver: ₹1,00,980/kg
- Chennai:
- Gold: ₹98,110/10 gm
- Silver: ₹1,01,410/kg
- Bengaluru:
- Gold: ₹97,910/10 gm
- Silver: ₹1,01,200/kg
Globally, Comex gold was trading at $3,373 early on June 2, while spot gold reached a near four-week high of $3,381/oz.
Data also shows that gold has provided strong returns for investors:
- 25% returns since January 2025
- 40% YoY
- 15% CAGR since 2001, consistently beating inflation
According to Motilal Oswal Private Wealth, gold investment demand in the March quarter surged 170% YoY, reaching 552 tonnes—underlining gold’s resilience during turbulent times.
Also Read: Vodafone Idea Narrows Q4 Losses to ₹7,166 Cr, Board Clears ₹20,000 Cr Fundraising Plan
Jeweller’s Charges:
Retail buyers should note that making charges, taxes, and GST will be added to these prices.
Tags:
gold prices June 3, silver prices June 3, gold rates today India, Mumbai gold price, Delhi gold price, Hyderabad gold price, Chennai gold price, Kolkata gold price, Bengaluru gold price, MCX gold rates, global gold prices, geopolitical tensions, safe-haven demand, Indian Bullion Association