Gold Rate Today, (01/06/2026): 24k & 22K Gold Gets Cheaper At Tanishq, Malabar, Kalyan Jewellers & IBJA

Gold prices in India encountered a sharp correction on June 1, offering some relief to jewellery buyers after weeks of higher prices. The latest decline in the gold rate today has brought down prices across leading jewellery brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas, while benchmark rates released by the India Bullion and Jewellers Association (IBJA) also shows a softer trend in the bullion market.

The fall in gold rate today is because of the weakness in international bullion markets which are currently ebony impacted by a stronger US dollar, and uncertainty surrounding the US-Iran. However, the current correction is a buying opportunity ahead of the festive and wedding seasons.

Gold Rate Today At Tanishq, June 1

According to the latest rates, Tanishq's 22 karat gold price stood at Rs. 1,43,650 per 10 grams on June 1, down by Rs. 750 from the previous session. Meanwhile, the 24 karat gold rate was around Rs. 15,670 per gram, while 18 karat gold was priced at approximately Rs. 1,17,160 per 10 grams.

Malabar Gold & Diamonds Gold Rate Today

Gold prices at Malabar Gold & Diamonds also moved lower on Monday.24 karat gold rate is available Rs. 1,56,220 per 10 grams. 22 karat gold rate todayRs. 1,43,200 per 10 grams. And the 18 karat gold rate is now standing Rs. 1,17,160 per 10 grams

IBJA Gold Rates follow Similar Trend

The India Bullion and Jewellers Association (IBJA), which is a key benchmark for bullion prices in India, last quoted the following indicative retail selling rates.

According to the latest available data, 24 karat fine gold (999 purity) was priced at Rs. 15,646 per gram, while 22 karat gold stood at Rs. 15,271 per gram. The rate for 18 karat gold was Rs. 12,674 per gram, and 14 karat gold was quoted at Rs. 10,092 per gram. These IBJA rates do not include 3% GST and making charges.

Why Are Gold Prices Falling?

Gold prices are under pressure due to multiple global economic and geopolitical factors. The biggest drag on bullion is the US Federal Reserve's hawkish stance, with policymakers pointing towards fewer interest rate cuts in 2026. Higher interest rates and rising US Treasury yields make non-yielding assets like gold less attractive to investors. At the same time, a stronger US dollar has reduced international demand for the precious metal. Adding to the pressure, a rise in the crude oil prices have fuelled inflation concerns, increasing expectations that interest rates could remain elevated for longer. Profit-booking after gold's sharp rally has also weighed on prices.