Gold Rate in India Fall Continues! Will 24K, 22K, 18K Gold Rebound On RBI MPC Announcement Day? June 5 Outlook

Gold Rate in India: The price of 24 karat, 22 karat, and 18 karat gold in India declined significantly in the past week as geopolitical tensions and crude oil price volatility kept investors on edge. Silver rate in India also saw a marginal decline over the period. With the Reserve Bank of India's Monetary Policy Committee (MPC) set to announce its decision today, gold investors are closely watching how prices will move on Friday, June 5.

Gold Rate in India

The price of 24 karat gold in India saw a marginal decline on Thursday to Rs 15,611 per gram. Likewise, the rate of 22 karat gold in India slipped to Rs 14,309 per gram. The rate of 18 karat gold in India fell to Rs 11,707 per gram. Gold rate in India saw a sharp rally in 2025; however, the precious metal's rates saw some correction in the year 2026.

Silver Rate in India

The price of silver in India remained unchanged on Thursday, June 5. Silver rate stood at Rs 278 per gram and at Rs 2,78,000 per kilogram. Silver rate in India saw massive volatility in January and February, but the metal's price saw range-bound movement in April and May.

Gold Price Today Outlook

Gold rate in India today, Friday, June 5, may see range-bound movement with some upward bias as the international gold rate saw an upward trend. International gold rate on Thursday steadied above $4,450 per ounce on Friday as they continued to hold on to gains from the previous session, as per Trading Economics.

The long-term outlook for gold remains robust despite intermittent volatility and tensions. "Gold and silver are increasingly being viewed as strategic portfolio assets rather than short-term trading instruments. The current trend is driven more by structural allocation demand than speculative positioning," Emkay Wealth Management said.

Gold, Silver Price Long-Term Outlook

Emkay Wealth expects strong support for gold below US$ 4,000, with key levels at US$ 3,890 and US$ 3,510. Upside targets remain at US$ 4,800 and US$ 5,200, as per the report.
For silver, near-term corrections could extend toward US$ 74 and US$ 62, while medium-term upside targets are seen at US$ 92 and US$ 110.

RBI MPC Today

The Reserve Bank of India (RBI) is set to announce its JUne monetary policy decision on Friday, June 5. Market investors will closely track RBI Governor Sanjay Malhotra's speech today to track signals on interest rates, inflation and economic growth. He may also address concerns around the impact of elevated crude oil prices on inflation and Indian economy. RBI MPC meeting began on June 3 and will conclude on June 5, with RBI Governor Malhotra's speech at 10 am.