Gold and silver prices in your city today, June 1: US President Donald Trump has postponed his decision concerning tariffs on the European Union until 9 July while also asserting that he is ‘very close’ to making a trade deal with India. At the same time, he has accused China of violating the trade deal. Amid these uncertainties over trade policies, gold prices are expected to remain in a state of fluctuation.
Due to volatile market conditions, the yellow metal has experienced highs and lows in recent times. Nevertheless, gold and silver are still generally regarded as safe-haven assets.
In terms of returns, gold prices rose nearly 30 per cent year-on-year (YoY), and as an investment, it has returned 15 per cent CAGR since 2001. From 1995 onwards, gold has beaten inflation by over 2-4 per cent, according to data. Since Trump‘s second term began, silver prices have shown more stability with fewer fluctuations.
Gold and silver prices today: Check rates — June 1
The MCX gold index was at ₹94,790/10 gm on June 1 at 7 am, the official website showed. Meanwhile, MCX silver prices were at ₹96,996/kg, it showed.
Further, 24-carat gold was priced at ₹95,930/10 gm, according to data on the Indian Bullion Association (IBA) on June 1 at 7 am, while 22-carat gold was priced at ₹87,936/10 gms. And, silver prices today are at ₹97,290/kg (Silver 999 Fine), as per the IBA website.
So, check here for prices of gold and silver in your city today on June 1— Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. It must be noted that for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Gold and Silver Prices in Chennai — June 1
- Gold bullion rates in Chennai — ₹96,040/10 gm.
- MCX Gold rate in Chennai — ₹95,891/10 gm.
- Silver bullion rate in Chennai — ₹97,400/kg.
- MCX Silver 999 rate in Chennai — ₹96,996/kg.
Gold and Silver Prices in Bengaluru — June 1
- Gold bullion rates in Bengaluru — ₹95,840/10 gm.
- MCX Gold rate in Bengaluru — ₹95,891/10 gm.
- Silver bullion rate in Bengaluru — ₹97,190/kg.
- MCX Silver 999 rate in Bengaluru — ₹96,996/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
