Gold, silver rates on June 5: Prices fell slightly across major metros; Check latest rates in Delhi, Mumbai, Chennai, Kolkata

Gold and silver prices in India on June 5, 2026, fell slightly across major cities, as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand.

DON'T MISS | Gold, silver no longer just safe havens? Wealth managers back a new allocation strategy

As per the latest retail market rates, 24-carat gold is trading at around ₹15,610 per gram, while 22-carat gold is priced at around ₹14,309 per gram. Silver prices are hovering close to ₹2,79,900 per kilogram in the domestic bullion market.  Prices vary slightly across cities due to local taxes, transportation costs, and jewellers’ margins.

Gold prices in major cities (per gram)

City	24K Gold (₹)	22K Gold (₹)
Delhi	15,625	14,324
Mumbai	15,610	14,309
Kolkata	15,610	14,309
Chennai	15,796	14,479

It is worth noting that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movements, import duties, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.

Check latest gold rates here

Silver prices in major cities

Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.

City	Silver (₹ per 10gm)	Silver (₹ per kg)
Delhi	2,799	2,79,900
Mumbai	2,799	2,79,900
Kolkata	2,799	2,79,900
Chennai	2,849	2,84,900

Check latest silver rates here

MCX closing prices (last trading session on June 4, 2026)

On the Multi Commodity Exchange (MCX), gold settled slightly lower at ₹1,59,630 per 10 grams on Wednesday as physical bullion prices dropped amid renewed geopolitical tensions in West Asia and strong US economic data. Silver also faced selling, with MCX prices falling nearly 1.34% to ₹2,65,590 per kg.

Commodity	Price (MCX)	Change
Gold (July futures)	₹1,59,630 per 10 grams	Down 0.76%
Silver (August futures)	₹2,65,590 per kg	Down 1.34%

Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.