Gold and Silver Prices Rise on June 2: 24K Gold at Rs 9,764/g, Silver Up by Rs 100 Amid Geopolitical Tensions

Gold Price Today: On the first trading day of June 2025, gold prices in India opened on a positive note. The rate for 24 Karat gold rose by Rs 33 to Rs 9,764 per gram, while 22 Karat gold increased by Rs 30 to Rs 8,950 per gram. Similarly, 18 Karat gold saw a gain of Rs 24, bringing the price to Rs 7,323 per gram. This uptick marks a strong start to the month for investors in the yellow metal.

Check the latest 22 Karat, 24 Karat, and 18 Karat gold prices per gram for the month of June here:

24 Karat Gold Rate in India on June 2, 2025

The price of 24 Karat gold, known for its highest purity (99.9%), saw a noticeable increase today. The rate per gram rose by Rs 33, bringing it to Rs 9,764, up from Rs 9,731 yesterday. For bulk purchases, 8 grams of 24K gold are now priced at Rs 78,112, a rise of Rs 264. Meanwhile, 10 grams cost Rs 97,640 on Monday, up by Rs 330.

A significant rise of Rs 3,300 is seen for 100 grams on June 2, now priced at Rs 9,76,400. This uptrend reflects positive investor sentiment and possibly global cues pushing demand higher for high-purity gold.

22 Karat Gold Rate in India on June 2, 2025

22 Karat gold, commonly used in jewellery and containing 91.6% purity, also registered gains on Monday. The price per gram rose by Rs 30, now standing at Rs 8,950, compared to Rs 8,920 the previous day. The price of 8 grams is now Rs 71,600, up by Rs 240.

For 10 grams, consumers will now pay Rs 89,500, reflecting a Rs 300 increase. A full 100 grams of 22K gold costs Rs 8,95,000, up by Rs 3,000.

18 Karat Gold Rate in India on June 2, 2025

18 Karat gold, which is 75% pure and mostly used in fashion and designer jewellery, also saw a price hike today. The rate of 18K per gram on June 2 increased by Rs 24, now at Rs 7,323, up from Rs 7,299. For 8 grams, the price is Rs 58,584, a rise of Rs 192.

The price of 10 grams of 18 Karat gold is now Rs 73,230, which is Rs 240 more than yesterday. For 100 grams, the cost has gone up to Rs 7,32,300, showing an increase of Rs 2,400.

Silver Price Today in India on June 2, 2025: Silver Rate Per Gram Today

Along with the yellow metal, silver is also seeing a price rise today in India. The price of silver per gram has increased slightly from Rs 99.90 to Rs 100, while 10 grams now cost Rs 1,000, up by Rs 1 from yesterday.

For larger quantities, 100 grams of the white shiny metal is priced at Rs 10,000, showing an increase of Rs 10, and 1 kilogram is at Rs 1,00,000, up Rs 100.

Gold Price Outlook This Week From June 2 to June 7

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to higher for the day; as an increase in geopolitical and trade tensions revived demand for haven assets. Bullion prices are moving higher after Ukraine staged a dramatic series of drone strikes across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest attacks against Kyiv, ahead of crucial peace talks this week," Nirmal Bang Securities' Daily Bullion report stated.

Adding to the pressure on gold, trade tensions between the US and China have flared up again. US President Donald Trump accused China of not sticking to a trade agreement made earlier this month. This followed a comment by Treasury Secretary Scott Bessent, who said the trade talks were "a bit stalled."

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.