Today Gold Rate In Chennai Unchanged After Rs 14,200 Crash; 24K, 22K, 18K Gold Prices On 02-06-2026

Gold rates in Chennai are unchanged on June 2, 2026, after falling by as steep as Rs 14,200 yesterday. This is due to positive trends at MCX and in the global market. MCX gold climbed to near Rs 1.57 lakh per 10 grams mark with nearly 1% upside. Also, spot gold surged by nearly 1% to trade near $4,520 per ounce. Gold surged despite stalled negotiations between US and Iran.

As per Ponmudi R, CEO of Enrich Money, bullion is maintaining a cautious undertone as investors navigate the complexity of geopolitical conflict in Middle East.

Today Gold Rates In Chennai:

24 carat gold price stood at Rs 1,58,180 per 10 grams, at Rs 15,81,800 per 100 grams, at Rs 1,26,544 per 8 grams and at Rs 15,818 per 1 gram.

Meanwhile, 22 carat gold rate stood at Rs 1,45,000 per 10 grams, at Rs 14,50,000 per 100 grams, at Rs 1,16,000 per 8 grams and at Rs 14,500 per 1 gram.

Also, 18 carat gold rate stood at Rs 12,18,000 per 100 grams, at Rs 1,21,800 per 10 grams, at Rs 97,440 per 8 gram and at Rs 12,180 per 1 gram.

On Monday, Iranian media reported that Tehran had suspended communications with Washington in response to Israeli attacks in Lebanon. Meanwhile, President Donald Trump said discussions are still ongoing and suggested that a memorandum of understanding with Iran to reopen the Strait of Hormuz could be reached as early as next week. Markets are currently factoring in a Federal Reserve rate hike before year-end after US inflation accelerated, driven in large part by the Middle East conflict. Investors are now awaiting this week's US monthly jobs report and comments from Fed officials for additional clues on the future path of monetary policy, as per Trading Economics.

Hence, these factors are playing a role in defining sentiments under bullion.

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