Gold Rate Today, June1: Big Fall In Gold Prices As 24K Yellow Metal Drops By Rs. 8,200/100g; Check Latest Rate

Gold rates today in India began the month on a bearish note extending their last week's decline as global market sentiment turned cautious due to the fresh geopolitical uncertainty and a stronger US dollar.

According to the latest retail rates, the 24 karat gold price in India dropped by Rs. 8,200 per 100 grams, while the 22 karat gold rate fell by Rs. 7,500 per 100 grams on Monday. In the domestic commodity market, MCX gold futures for June 2026 delivery also slipped 0.47% to trade at Rs. 1,54,846 per 10 grams.

The main reason for the fall in domestic gold prices is weakness in international bullion markets, where spot gold slipped 0.4% amid fluctuations in crude oil prices and a rising US dollar.

One of key factors impacting the market currently is the US President Donald Trump's expected decision on a proposal to extend the ceasefire agreement with Iran. Uncertainty over US-Iran negotiations is keeping the commodity market volatile.

Gold Rate in India Today, June 1

As of Monday June 1, the 22-carat gold rate in India slipped by Rs. 750 per 10 grams to cost Rs.1,43,200 per 10 grams. While the 24-carat gold prices today dropped by Rs.820 and are currently at Rs. 1,56,220 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs. 1,176,170 which dropped by Rs.610.

Similarly, the 100 grams of 22-carat gold stands at Rs. 15,62,200 after decreasing by Rs.8200. While the 24-carat gold price in India per 100 grams is now retailing at Rs. 14,32,000 which dropped by Rs. 7500.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on June 5, 2026, also experienced a decline today, trading at Rs.1,54,927 after slipping 0.42%. Similarly, silver futures, with an expiry date of July 3rd, dropped today by 0.17% to trade at Rs 2,66,540.

Silver Price Movement in India

Silver prices in India today observed no major movement on Monday. So 1kg of silver in India costs Rs. 2,80,000, while 100g of silver in India costs Rs. 28,000.

Market Outlook for Gold Prices

"Gold prices are expected to rise. One can buy at Rs.1,60,000 with a stop loss of Rs. 159000. Prices can test Rs. 1,61,500- Rs.1,62,500." according to the Nirmal Bang Securities report.

Spot Gold Prices + Spot Silver Price Today

According to a latest report by Reuters, "Spot gold was down 0.6% at $4,542.20 per ounce as of 0401 GMT. U.S. gold futures for June delivery gained 0.4% ​to $4,542.80. Spot silver fell 1.6% to $76.84 per ounce ."

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