Gold Rates Today (01-06-2026) Crashes Most In Chennai By Rs 14,200; Gold In Hyderabad Drops By Rs 8,200; Why?

Gold rates in India crashed on Monday, June 1, 2026, due to weak trends at MCX and the global market. MCX gold for the June 5th expiry currently struggles below Rs 1.55 lakh per 10 grams, while spot gold is down nearly 1% to hover around $4,515 per ounce. This is due to uncertainty around the US-Iran ceasefire agreement, which has sparked a surge in dollar and crude oil prices. In comparison to cities, gold prices fell the most in Chennai by Rs 14,200 per 100 grams of 24 carat. While gold prices are down by Rs 8,200 in cities like Hyderabad, Mumbai, Kolkata and Bengaluru, among others.

Gold Rates In Chennai:

24 carat gold rates plunge by Rs 14,200 in 100 grams to Rs 15,81,800 and dropped by Rs 1,420 in 10 grams to Rs 1,58,180. In case of 22 carat, 100 grams gold slipped by Rs 13,000 to Rs 14,50,000 and 10 grams gold fell by Rs 1,300 to Rs 1,45,000. Additionally, in 18 carat, 100 grams gold declined by Rs 9,500 to Rs 12,18,000 and 10 grams gold dipped by Rs 950 to Rs 1,21,800.

The 8 grams gold price in Chennai tumbled by Rs 1,136 to Rs 1,26,544 in 24 carat, dropped by Rs 1,040 to Rs 1,16,000 in 22 carat and declined by Rs 760 to Rs 97,440 in 18 carat.

Meanwhile, 1 gram gold is down by Rs 95 to Rs 142. Today, 1 gram is priced at Rs 15,818 in 24 carat, at Rs 14,500 in 22 carat and at Rs 12,180 in 18 carat.

Gold Rates In Hyderabad:

Here, 24 carat gold price plummeted by Rs 8,200 to Rs 15,62,200 per 100 grams and dived by Rs 820 to Rs 1,56,200 per 10 grams. Also, 22 carat gold price decreased by Rs 7,500 to Rs 14,32,000 per 100 grams, while dipped by Rs 750 to Rs 1,43,200 per 10 grams. Meanwhile, 18 carat gold price declined by Rs 6,100 in 100 grams to Rs 11,71,700 and slipped by Rs 610 to Rs 1,17,170 per 10 grams.

In Hyderabad, 8 grams gold is down by Rs 656 to Rs 1,24,976 in 24 carat, lower by Rs 600 to Rs 1,14,560 in 22 carat and dipped by Rs 488 to Rs 93,736 in 18 carat.

Meanwhile, 1 gram gold price is down by Rs 61 to Rs 82. The rate is at Rs 15,622 in 24 carat, at Rs 14,320 in 22 carat and at Rs 11,717 in 18 carat.

What Is Impacting Gold Rates In India Today?

According to Gaurav Garg, research analyst at Lemonn markets desk, investors navigated the complex landscape of U.S.-Iran relations while awaiting key inflation data from the U.S. The recent volatility in gold and silver markets can be attributed to a mix of geopolitical risks and technical trading patterns, with investors balancing these factors against expectations of forthcoming economic data.

Also, Trading Economics data highlighted that gold has faced headwinds since late February as the Middle East conflict drove energy prices sharply higher, fueling concerns about inflationary pressures and the prospect of interest rate hikes. Investors are now awaiting the latest US monthly jobs report later this week, which could offer fresh insight into labor market strength and the likely path of Federal Reserve policy.

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