Gold Rates Today (04/06/2026) Fall By Rs 2,100; 24K, 22K, 18K Gold Prices In Chennai, Hyderabad, Bengaluru

Gold rates in India broadly dropped by up to Rs 2,100 in major cities. The steepest decline is seen in Chennai by Rs 2,100, while 24 carat gold in 100 grams tumbled by up to Rs 1,100 in cities like Hyderabad and Bengaluru. Physical gold rates in India plunged despite a surge in international spot gold by 1% to trade around $4,460 per ounce. There are growing expectations that global central banks could raise interest rates to curb inflationary woes in a global energy crisis scenario, stemming from the West Asia war. Hence, investors are cautious. For India, the Reserve Bank of India (RBI) will declare the second bi-monthly monetary policy outcomes on June 5, 2026.

Gold Rates In Chennai:

24 carat gold price dropped by Rs 2,100 to Rs 15,79,700 per 100 grams and 10 grams gold slipped by Rs 210 to Rs 1,57,970. In case of 22 carat and 18 carat, 100 grams gold declined by Rs 2,000 each to Rs 14,48,000 and Rs 12,16,000 respectively. 10 grams gold price tumbled by Rs 200 each to Rs 1,44,800 in 22 carat and to Rs 1,21,600 in 18 carat.

1 gram gold rate stood at Rs 15,797 in 24 carat, down by Rs 21. While 1 gram gold is at Rs 14,480 in 22 carat and at Rs 12,160 in 18 carat, which is lower by Rs 20 each.

Gold Rates In Hyderabad + Gold Rates In Bengaluru:

The movement in gold rates of Hyderabad and Bengaluru are similar. Accordingly, 24 carat, 22 carat and 18 carat gold prices are same in these two cities.

That said, 24 carat gold plummeted by Rs 1,100 to Rs 15,61,100 in 100 grams, while 22 carat dipped by Rs 1,000 to Rs 14,31,000 in the same gram. Also, 100 grams gold in 18 carat is down by Rs 900 to Rs 11,70,800.

Furthermore, 10 grams gold is lower by Rs 110 to Rs 1,56,110 in 24 carat, slipped by Rs 100 to Rs 1,43,100 in 22 carat and dived by Rs 90 to Rs 1,17,080 in 18 carat.

The price of 1 gram gold is lower by Rs 9 to Rs 11 in these carats. It stood at Rs 15,611 in 24 carat, at Rs 14,310 in 22 carat and at Rs 11,708 in 18 carat.

As per Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions, gold and silver are trading weak as uncertainty over US-Iran peace talks lifts oil prices, raising inflation concerns and strengthening the case for a tighter Fed.

RBI Policy Repo Rate Outlook:

RBI will announce the outcomes of second bi-monthly monetary policy for FY27, on June 5, 2026. The six-members MPC committee has commenced three-days policy meeting since June 3rd.

Sok Yin Yong, Fixed Income Analyst Asia, Julius Baer said, foreign outflows continue to persist, exacerbating pressure on the INR, which has slid to record low levels (96.8288 on 20 May) against the USD this year. The INR is the second-worst performing Asian currency year to date and remains vulnerable to further downside. The RBI has actively intervened in the foreign exchange market to stabilise the INR, while the government has ramped up efforts to stem foreign outflows, with further measures expected to be announced. Meanwhile, the 10-year Indian government bond (IGB) yield has moved up alongside peers since the Middle East conflict (+41bps to 7.001%) and continues to see upward bias as oil prices stay elevated and fiscal concerns grow.

Yong added, "While most economists expect the RBI to stay on hold at its 3-5 June meeting, the market will be looking out for hawkish signals to assess rate hike prospects."

Gold Rates & Silver Rates Outlook Ahead

In Kothari's view, gulf tensions flared, with the U.S. military reporting Iranian missile attacks on Bahrain, Kuwait, and other targets were intercepted or failed. India tightened silver import rules, adding grain and powder forms to the restricted list to ease rupee pressure. Cleveland Fed's Beth Hammack signaled possible rate hikes if inflation persists, with markets awaiting payroll data. Technically, gold holds between $4,450-$4,600 and silver between $72-$78.50.

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