Gold and Silver Costs Right now, June 3, 2025: Gold costs soared over 2% on Monday, reaching their highest degree in additional than three weeks, as a weakening greenback, rising geopolitical dangers, and renewed commerce tensions drove buyers towards safe-haven belongings. In the meantime, silver costs edged decrease in home commerce regardless of sturdy international cues.
Key Home Market Highlights:
Gold futures rose to Rs 96,781 per 10 grams, up 2.26%
Silver costs fell marginally to Rs 1,00,980 per kg, down 0.03%
Worldwide Market Motion:
Spot gold jumped 2.5% to $3,372.13/oz, hitting its highest since Might 8
U.S. gold futures closed at $3,397.20/oz, up 2.5%
Spot silver surged 4.7% to $34.54/oz, touching a 7-month excessive
What’s Driving the Rally?
A pointy 0.5% fall within the U.S. greenback index made gold cheaper for worldwide consumers, whereas escalating U.S.-China commerce tensions and geopolitical dangers, together with Ukrainian drone assaults on Russian territory, pushed demand for safe-haven belongings.
Peter Grant of Zanier Metals famous that threats of elevated U.S. tariffs on metal and aluminium and geopolitical developments have amplified investor threat aversion. U.S. President Donald Trump’s current accusations towards China for breaching a commerce rollback pact additionally contributed to market jitters.
Including to the uncertainty is anticipation over a charge reduce from the European Central Financial institution and the upcoming U.S. jobs report, which can trace on the Federal Reserve’s subsequent coverage transfer. Decrease rates of interest usually help gold costs.
Skilled Take
Manoj Kumar Jain, Commodity Strategist, mentioned:
“Gold and silver posted stable good points amid safe-haven shopping for and a sell-off within the greenback index. Costs surged after heightened geopolitical tensions and U.S.-China tariff threats. The greenback index dropping beneath 99 to a 6-week low additional supported gold and silver. We anticipate the development to stay unstable this week.”
He added that:
- Gold (Comex) has resistance at $3,414–3,445, help at $3,355–3,330
- Silver (Comex) sees resistance at $35.00–35.35, help at $34.20–33.80
- Gold (MCX) help: Rs 97,400–96,850, resistance: Rs 98,200–98,850
- Silver (MCX) help: Rs 1,00,200–99,100, resistance: Rs 1,02,400–1,04,000
Jain recommends shopping for silver on dips round Rs 99,800–99,200 with a cease loss at Rs 98,200, concentrating on Rs 1,02,400–1,04,000.
With market volatility anticipated to proceed, notably in forex nd bond markets, valuable metals could stay in focus by way of the week.
Metropolis-wise Gold Costs (per gram on June 3, 2025):
Metropolis | 24K | 22K |
Mumbai | Rs 9,885 | Rs 9,061 |
Delhi | Rs 9,779 | Rs 9,076 |
Chennai | Rs 9,885 | Rs 9,061 |
Kolkata | Rs 9,885 | Rs 9,061 |
Bengaluru | Rs 9,885 | Rs 9,061 |
Gold Worth in Mumbai:
In Mumbai, the worth of pure gold stood at Rs 9,885 per gram, whereas 22-karat gold was priced at Rs 9,061 per gram.
Gold Worth in Delhi:
The nationwide capital recorded 24K gold at Rs 9,779 per gram, with 22K gold out there at Rs 9,076 per gram.
Gold Worth in Chennai:
Gold charges in Chennai have been barely decrease, with 24K gold at Rs 9,885 per gram and 22K gold at Rs 9,061 per gram.
Gold Worth in Kolkata:
In Kolkata, pure gold was priced at Rs 9,885 per gram, and 22-karat gold was promoting at Rs 9,061 per gram.
Gold Worth in Bengaluru:
Bengaluru noticed 24K gold buying and selling at Rs 9,885 per gram, whereas 22K gold was out there at Rs 8934 per gram.
Gold Worth in Pune:
Pune noticed 24K gold buying and selling at Rs 9,885 per gram, whereas 22K gold was out there at 9,061 per gram
