Gold prices edged higher on the Multi Commodity Exchange (MCX) on Thursday, June 4, 2026, tracking positive global trends. The yellow metal for August delivery gained Rs 120 to trade at Rs 72,450 per 10 grams, while silver for July delivery rose Rs 350 to Rs 2.63 lakh per kg.
Global Cues Support Gold
Globally, spot gold was up 0.3% at $2,450.20 per ounce as of 0245 GMT, after hitting a record high of $2,454.79 earlier in the week. The rise was fueled by expectations of a US interest rate cut in September, which boosted demand for the non-yielding asset. The dollar index eased, making gold cheaper for holders of other currencies.
Silver also gained, with spot silver rising 0.4% to $32.15 per ounce. The white metal has been rallying on strong industrial demand and supply constraints.
City-wise Gold Rates (June 4, 2026)
Here are the gold rates (24K per 10 grams) in major Indian cities:
- Delhi: Rs 72,570
- Mumbai: Rs 72,450
- Chennai: Rs 72,680
- Kolkata: Rs 72,520
- Bengaluru: Rs 72,480
- Hyderabad: Rs 72,510
- Ahmedabad: Rs 72,440
- Jaipur: Rs 72,550
- Lucknow: Rs 72,530
- Patna: Rs 72,470
Rates vary due to local taxes, making charges, and demand-supply dynamics. The above prices are indicative and may differ at local jewelers.
Outlook for Precious Metals
Analysts expect gold to remain supported amid geopolitical tensions and central bank buying. The US Federal Reserve's policy stance will be key. If rate cuts materialize, gold could test new highs. Silver may outperform gold due to its industrial applications in solar panels and electronics.
Investors are advised to stay cautious and consider diversification. For the latest updates on gold and silver prices, keep checking with your local bullion dealer.
