Gold Prices Today, June 3: Rates Rise Amid Global Uncertainty — Check Prices in Mumbai, Delhi, Hyderabad, and Other Cities

Amid global economic uncertainties and geopolitical tensions, gold prices surged once again on June 3, 2025, with investors turning to the yellow metal as a safe-haven asset. Rates climbed in major Indian cities, including Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, and Kolkata.

The Russia-Ukraine war, ongoing trade tensions between the US and China/EU, and anticipation surrounding the upcoming US Federal Reserve rate decision are key drivers behind the latest rally in precious metals. Silver prices have also soared past the ₹1 lakh per kilogram mark, reflecting increased demand from cautious investors.

Key Highlights:

Gold futures (June 5) rose by 1.7% or ₹1,630 per 10 grams.

MCX Gold (June 2 session) hit an intraday high of ₹97,505 per 10 grams.

COMEX Gold (US) stood at $3,373/oz, up 1.74% as of 6:42 am EDT.

Silver (MCX) prices crossed ₹1,00,098/kg; bullion silver exceeded ₹1,01,300/kg.

Jateen Trivedi, VP & Research Analyst at LKP Securities, noted that gold is seeing strong support at ₹94,000 with resistance expected near ₹98,500–₹99,000. Gold has returned over 25% year-to-date and about 40% YoY, outperforming inflation and delivering an average 15% CAGR since 2001.

According to data from Motilal Oswal Private Wealth, gold investment demand in the March 2025 quarter rose by 170% YoY, totaling 552 tonnes — reinforcing gold’s reputation as a resilient hedge during market volatility.

🟡 Gold & Silver Prices in Major Indian Cities — June 3, 2025

Note: Prices below are indicative; actual retail prices may vary due to additional charges, including making, taxes, and GST.

As per the Indian Bullion Association (IBA), 24K gold is priced at ₹98,010/10 gm, while 22K gold is at ₹89,843/10 gm. Silver (999 Fine) was listed at ₹1,01,300/kg at 7:20 am.

Disclaimer: The above prices and investment insights are based on market data and expert opinions. Readers are advised to consult certified financial advisors before making investment decisions.