Gold-Silver Rates: Gold prices rise again today; rates up for 24-carat to 22-carat gold; check silver prices as well.
Gold-Silver Rates: Gold continues to be viewed as a safe investment by investors, as uncertainty persists regarding peace talks between the US and Iran. With increasing investment flowing into gold, its prices are also on the rise.
Gold-Silver Rates Today (June 3): An upward trend in gold prices is being observed across the country today. Amidst tensions between the US and Iran, coupled with continuous fluctuations in the US dollar, investors are increasingly viewing gold as a "safe haven" asset. Consequently, prices are witnessing a surge. Compared to yesterday, prices have risen by 0.14%. In most parts of the country today, the price of 24-carat gold stands at approximately ₹156,360 per 10 grams. Meanwhile, the rate for 22-carat gold is ₹143,340 per 10 grams. Similarly, the price of 18-carat gold is ₹117,310 per 10 grams.
City-wise Gold Prices
| City | 24 Carat Gold Price (per 10 grams) | 22 Carat Gold Price (per 10 grams) |
|---|---|---|
| Delhi | ₹1,56,360 | ₹1,43,340 |
| Mumbai | ₹1,50,890 | ₹1,43,700 |
| Bengaluru | ₹1,51,520 | ₹1,44,300 |
| Kolkata | ₹1,56,210 | ₹1,43,190 |
| Lucknow/Noida | ₹1,56,360 | ₹1,43,340 |
What is the Price of Silver?
Turning to silver, and in contrast to gold, a slight decline in prices is being observed today. The price has dropped by ₹0.10 per gram and by up to ₹100 per kilogram. Consequently, the price of silver today stands at ₹279,900 per kilogram. Based on this calculation, the price for 1 gram is ₹279.
In various cities—including Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara, and Ahmedabad—the price of silver today is ₹2,799 per 10 grams, ₹27,990 per 100 grams, and ₹279,900 per kilogram. However, in certain South Indian regions—such as Chennai—the price is slightly higher, at ₹289,900 per kilogram.
Big News for Silver Buyers
In light of the record-high levels of silver imports into India, the government and the DGFT (Directorate General of Foreign Trade) have taken a significant step. Under this measure, the import of silver granules and powder has been reclassified from the 'Free' category to the 'Restricted' category. Consequently, jewelers and banks will now be required to obtain a special license and approval from the government prior to importing silver.
