Gold prices are on the rise as global tensions ripple through financial markets, sending investors toward safe-haven assets. On Monday, June 2, 2025, gold opened higher across major Indian cities, fueled by international uncertainty and a weakening dollar.
If you’re tracking the latest gold rates in India or considering an investment in the precious metal, here’s a detailed snapshot of the current prices, silver market movements, and key economic factors influencing trends this week.
Gold and Silver Rates Across Major Indian Cities
In Mumbai, the 22-carat gold price today stands at ₹89,500 per 10 grams, while 24-carat gold commands a premium at ₹97,640 per 10 grams. Meanwhile, silver prices dipped by ₹100, settling at ₹99,800 per kilogram.
On the Multi Commodity Exchange (MCX), gold futures climbed 0.4% to ₹96,260 per 10 grams during morning trade. Silver also saw a slight uptick, rising 0.34% to ₹97,345 per kg.
Internationally, spot gold prices edged up 0.5% to $3,305.85 per ounce, while U.S. gold futures gained 0.4% to $3,329.80. Tim Waterer, Chief Market Analyst at KCM Trade, commented, “With trade and geopolitical worries bubbling to the surface once again, it’s no surprise to see gold ticking higher to start the week.”
Key Drivers Behind Today’s Gold Price Trends
Several global and domestic factors contribute to the daily fluctuation in gold prices in India. These include:
- International spot and futures market performance
- Import duties and local taxation policies
- Currency exchange rate variations, especially the USD/INR rate
- Investor sentiment amid geopolitical or economic uncertainty
Notably, the cultural significance of gold in India continues to play a major role in driving demand. From weddings to major festivals, gold remains an essential purchase, often viewed as both a symbol of tradition and a form of long-term financial security.
Meanwhile, 24-carat gold remains a top choice for investors seeking the highest purity, while 22-carat gold retains its status as the preferred option for jewelry due to its strength and aesthetic appeal.
What This Means for Investors and Buyers
For those wondering, “Is now a good time to buy gold in India?”—the current upward trend, supported by international factors and seasonal buying interest, suggests that demand could continue to rise. However, volatility remains a constant in the global commodities market, making it vital to stay informed.
Whether you’re investing for the long term or purchasing for personal occasions, keeping an eye on both global trends and local prices can help you make smarter financial decisions. Be sure to follow updates from trusted platforms like GoodReturns and MCX India to stay ahead of market movements.
In a world where uncertainty often shapes investment strategy, gold continues to shine—both literally and economically.