Gold And Silver Prices Surge In India Amid Global Uncertainty: Rates In Major Cities Today, June 3

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.

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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).

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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.

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Jeweller’s Charges:
Retail buyers should note that making charges, taxes, and GST will be added to these prices.

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