Current Gold Prices: Fluctuations Amid Geopolitical Tensions
Gold Prices on June 4, 2026
On Thursday, June 4, 2026, gold prices are experiencing fluctuations due to ongoing geopolitical issues in West Asia and the uncertainty surrounding US-Iran relations. In early trading on the Multi Commodity Exchange (MCX), the futures for 24-carat gold increased by Rs 468, or 0.3%, reaching Rs 1,54,800 per 10 grams, up from Rs 1,54,332 in the previous session. The Indian Bullion and Jewellers Association (IBJA) reported a rise in gold prices during the morning session, with the benchmark 24-carat gold (999 purity) priced at Rs 1,55,036 per 10 grams.
Additionally, data from Goodreturns indicated that 24-carat gold was retailing at Rs 1,56,370 per 10 grams across several major cities.
Gold Rates in Major Cities
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) | 18 Carat Gold Rate (10 grams) |
| Delhi | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Mumbai | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Kolkata | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Chennai | Rs 158,180 | Rs 145,000 | Rs 121,800 |
| Patna | Rs 156,270 | Rs 143,250 | Rs 117,220 |
| Lucknow | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Ayodhya | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Meerut | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Kanpur | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Ghaziabad | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Noida | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Gurugram | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Chandigarh | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Jaipur | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Ludhiana | Rs 156,370 | Rs 143,350 | Rs 117,320 |
| Guwahati | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Indore | Rs 156,270 | Rs 143,250 | Rs 117,220 |
| Ahmedabad | Rs 156,270 | Rs 143,250 | Rs 117,220 |
| Vadodara | Rs 156,270 | Rs 143,250 | Rs 117,220 |
| Appearance* | Rs 156,270 | Rs 143,250 | Rs 117,220 |
| Pune | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Nagpur | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Nashik | Rs 156,250 | Rs 143,230 | Rs 117,200 |
| Bangalore | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Bhubaneswar | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Cuttack | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Raipur | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Hyderabad | Rs 156,220 | Rs 143,200 | Rs 117,170 |
| Kerala | Rs 156,220 | Rs 143,200 | Rs 117,170 |
Previous Trading Session Overview
In the previous trading session, gold prices saw a significant drop in the Delhi bullion market. The All India Sarafa Association reported that gold with 99.9% purity fell by Rs 1,850, settling at Rs 1,59,600 per 10 grams, down from Rs 1,61,450. This decline was attributed to weakness in global markets and uncertainty regarding the US-Iran ceasefire agreement. Internationally, spot gold decreased by 0.54% to $4,463.84 per ounce. Gold futures also faced pressure, with the August contract on MCX dropping by Rs 562, or 0.35%, to Rs 1,58,784 per 10 grams. In New York, Comex gold futures for August delivery fell nearly 1% to $4,482.30 per ounce.
Market Analysis
Experts have noted that the recent decline in gold prices in domestic markets is linked to rising tensions between the US and Iran, which have raised concerns about prolonged high interest rates affecting precious metals. Gaurav Garg, a research analyst, mentioned that the US-Iran deal remains elusive, contributing to the pressure on gold prices. Market analysts are closely monitoring developments in West Asia, as fresh missile and drone attacks involving the US and Iran have led to increased crude oil prices and heightened concerns about a ceasefire, resulting in ongoing volatility in precious metal markets.