Gold and silver prices recorded gains in the domestic retail market on June 2, reflecting continued interest in precious metals. According to bullion market data cited by Livemint, rates for both gold and silver moved higher across several major Indian cities.
The latest figures show that 24-karat and 22-karat gold prices remained elevated, while 999-purity silver also traded at higher levels. Market participants continued to track global developments and movements in international bullion prices, which influenced domestic rates.
Gold Rates in Major Cities
Retail gold prices varied slightly from one city to another due to local taxes, transportation charges and jewellers’ margins.
Major markets including Delhi, Mumbai, Hyderabad and Kolkata reported strong pricing for both 24K and 22K gold. Buyers planning jewellery purchases or investments were advised to monitor daily fluctuations before making decisions.
On June 2, gold and silver prices remained firm across major Indian cities. In Mumbai, 24-karat gold was priced at ₹1,59,250 per 10 grams, while 22-karat gold stood at ₹1,45,979 per 10 grams. The rate of 999 fine silver in the city was ₹2,66,260 per kilogram.
In New Delhi, 24-karat gold was available at ₹1,58,970 per 10 grams, whereas 22-karat gold was priced at ₹1,45,723 per 10 grams. The price of 999 fine silver in the national capital stood at ₹2,65,810 per kilogram.
Meanwhile, in Bengaluru, 24-karat gold was trading at ₹1,59,370 per 10 grams and 22-karat gold at ₹1,46,089 per 10 grams. The rate of 999 fine silver in the city was recorded at ₹2,66,470 per kilogram. These prices reflect the latest retail bullion rates across the three major metropolitan markets on June 2.
In Kolkata, the price of 24-karat gold stood at ₹1,58,980 per 10 grams, while 22-karat gold was priced at ₹1,45,723 per 10 grams. The rate of 999 fine silver in the city was ₹2,66,200 per kilogram.
In Hyderabad, 24-karat gold was trading at ₹1,59,450 per 10 grams and 22-karat gold at ₹1,46,163 per 10 grams. The price of 999 fine silver in the city was recorded at ₹2,66,970 per kilogram.
Chennai reported the highest gold prices among these cities, with 24-karat gold priced at ₹1,59,660 per 10 grams and 22-karat gold at ₹1,46,355 per 10 grams. The rate of 999 fine silver in Chennai stood at ₹2,67,330 per kilogram.
Silver Prices Remain Firm
Silver prices also continued their upward trend, with 999-purity silver trading at higher levels in key markets. The metal attracted attention from both investors and industrial buyers amid ongoing volatility in global commodity markets.
Analysts noted that international developments and shifts in investor sentiment toward safe-haven assets contributed to the movement in precious metal prices.
Factors Influencing Precious Metal Prices
Domestic gold and silver rates are influenced by several factors, including international bullion prices, currency movements, import duties and geopolitical developments. Changes in global economic conditions can also have a direct impact on the pricing of precious metals in India.
As market conditions continue to evolve, investors and consumers are keeping a close watch on daily price trends before making purchases or investment decisions.
Gold and silver prices remained firm on June 2, with both metals registering gains across major Indian cities. As reported by Livemint, retail buyers and investors should stay updated on daily market movements, as precious metal prices continue to respond to global and domestic economic developments.
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