Gold and Silver Rates Today, 3 June: Gold prices stayed quite firm in the first part of trading on Wednesday and MCX gold futures kept hanging above the ₹1.59 lakh per 10 grams level. At the same time, silver prices saw mild profit-booking after the recent run up which suggests traders are still a bit careful as developments in global markets keep coming in.
MCX Gold and Silver Prices Today
On the MCX, gold futures moved around ₹1,59,499 per 10 grams and this continued push higher seemed linked to investors still looking for safety, especially with geopolitical uncertainties in the picture and crude oil prices moving in fits and starts. Silver futures, however, traded lower following a strong rally in the earlier sessions with prices lingering near the ₹2.66 lakh per kilogram mark. Looking at the latest numbers, gold kept its footing above ₹1.59 lakh, whereas silver stayed more changeable than usual.
Gold and Silver Price Today, June 2: ₹1.60 Lakh on MCX; Latest City-Wise Gold and Silver Rates
Global Bullion Market Update
Over in the international space, spot gold was mostly steady as investors basically weighed worries around inflation, crude oil price swings and what central banks might do next. Analysts point out that higher geopolitical risks keep giving bullion some support, even when a stronger US dollar sometimes caps the upside in a very direct way.
Silver prices globally softened a little after seeing strong gains in the past few weeks. Expectations of industrial off-take continue to back silver in the medium term though in the short run, volatility still has a big say in how the prices move.
Gold and Silver Rates Today, 3 June
Gold Price Today (24 Carat, 10 Grams)
- Delhi: ₹1,59,000
- Mumbai: ₹1,59,000
- Chennai: ₹1,60,000
- Bengaluru: ₹1,60,900
- Kolkata: ₹1,59,000
- Hyderabad: ₹1,59,000
Silver Rate Today
Silver prices were still under pressure even after the latest gains. In the big retail markets, silver rates seem to be moving around ₹2.85 lakh to ₹2.97 lakh per kilogram, depending on the city plus purity levels.
Gold Price Outlook
Market analysts think gold might keep a positive bias, provided geopolitical tensions don’t cool down and inflation worries stay on the higher side. On MCX, immediate resistance is being watched near ₹1.60 lakh to ₹1.61 lakh, while support may form around ₹1.58 lakh.
Investors are tracking the next economic data drops, crude oil direction and what central banks say because all of this can push bullion prices in the upcoming sessions.
