Noida, June 5 (APAC Media): Gold prices in India fell on Friday, tracking subdued global trends and cautious investor sentiment ahead of key macroeconomic developments.
On the Multi Commodity Exchange (MCX), gold futures were lower in early trade, slipping nearly 1 per cent to around ₹1,58,300 per 10 grams.
Silver also witnessed a sharper decline of about 1.5 per cent, reflecting broad-based weakness in the bullion segment.
Analysts attributed the fall in precious metals to easing safe-haven demand as global risk appetite improved on the back of encouraging international diplomatic signals and stable financial market conditions.
A stronger US dollar in overseas markets also weighed on bullion prices.
🟡 24K Gold, 22K Gold & 999 Silver – City Wise
| City | 24K Gold (10g) ₹ | 22K Gold (10g) ₹ | 999 Silver (1 kg) ₹ |
|---|---|---|---|
| Delhi | 1,56,110 | 1,26,410 | 1,82,000 |
| Mumbai | 1,56,610 | 1,26,870 | 1,83,500 |
| Chennai | 1,53,325 | 1,24,850 | 1,80,200 |
| Kolkata | 1,58,151 | 1,28,100 | 1,84,000 |
| Bengaluru | 1,56,110 | 1,26,410 | 1,82,800 |
| Hyderabad | 1,53,637 | 1,23,900 | 1,81,500 |
Retail gold rates across major Indian cities, including Delhi, Mumbai, Chennai, Bengaluru, Kolkata and Hyderabad, mirrored the trend, with 24-karat, 22-karat and 18-karat gold witnessing marginal declines compared to the previous trading session.
Jewellery traders reported continued volatility in domestic pricing, driven by fluctuations in global benchmarks and currency movements.
COMEX gold fell about 1% in Friday’s session, while MCX gold dropped nearly 1,000 points as investors tracked Middle East tensions and their impact on inflation and interest rates. The US Dollar Index stayed steady near 99.4 amid safe-haven demand.
“Peace talks with Iran are in the final stages, and there is reluctance to re-enter a full-scale conflict,” US President Donald Trump said.
Market observers said bullion prices remain sensitive to shifts in interest rate expectations, geopolitical developments, and crude oil price trends.
They added that intermittent corrections are likely to continue as investors reassess risk positions amid mixed global signals.
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Despite the short-term weakness, gold continues to draw support from its traditional role as a safe-haven asset, particularly during periods of economic uncertainty.
Seasonal demand patterns and festival-related buying in India are also expected to influence price movements in the coming weeks.
Traders and analysts are closely monitoring upcoming central bank commentary and US economic data releases, which are likely to provide further direction to precious metal markets.
Overall, bullion markets remained under pressure on June 5, with prices easing across domestic and international exchanges while maintaining an elevated long-term trend.
— Ends —
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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