Gold & Silver Rates Today (04/06/2026) LIVE: Physical Gold Drops, Silver Swings; Check 24K, 22K & 18K Rates

Gold rates and silver rates in India is trading on a mixed note with a cautious sentiment on June 4, 2026. MCX gold is trading mildly up for the August 2026 expiry, and holding around Rs 1,58,800 per 10 grams. Meanwhile, MCX silver fell marginally to continue to trade below Rs 2.63 lakh per 1Kg. Spot Gold, which has corrected by nearly 2% this week, is trading higher by 1% to around $4,460 per ounce on Thursday, while spot silver rose by 1% to trade above $73 per ounce.

On the other hand, crude oil prices plunged by 1% each with Brent Crude near $97 per barrel and US WTI Crude Futures above $95 per barrel.

In gold, investors sentiment is down on growing expectations of hawkish policy stance and rate hikes from US Federal Reserve, in an energy-driven inflation shock stemming from the Middle East conflict.

Hopes for a peace agreement also faded after the US and Iran exchanged strikes, with Bahrain and Kuwait caught in the crossfire during the most serious escalation since the ceasefire took effect in early April. The prolonged conflict and the near-shutdown of the crucial Strait of Hormuz have kept energy prices elevated, fueling inflation concerns and reinforcing expectations of tighter monetary policy. In the US, Cleveland Fed President Beth Hammack said the Fed could be forced to raise rates soon if inflation pressures continue to intensify. Investors are now focused on Friday's nonfarm payrolls report for further clues on the Fed's policy outlook, as per Trading Economics.

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