Gold Rate Today, June 1: What is the price of 10 gram 18, 22, 24 carat gold in your city?

Gold prices on the first day of June continued to trade steady with a negative bias. According to Goodreturns.in at the time of writing at around 9:31 am, 24 and 22 carat gold were down by ₹10 each per 10 gm and quoted at ₹1,57,030 and ₹1,43,940 per 10 gm, respectively.

After the steep import duty hike in May from 6% to 15%, gold prices increased initially. Nevertheless, as the move weighed on consumer sentiment, demand in the retail market is reported to drop by nearly 70%.

Gold rates at major jewellery brands

On June 1, 2026, gold prices across major brands are as below:

Kalyan Jewellers: 22 carat gold is priced for ₹14,395 and 24 carat gold is retailing at ₹15,704 per gm. The price of 18 carat gold is ₹11,778 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,395 per gm. 24 carat gold quoted at ₹ 15,704 per gm, while 18 carat gold was retailing at ₹11,778.

As per IBJA on the previous trading day i.e. May 29, 2026, the price of 22k gold today was ₹15,271 per gram while the price of 24k and 18k gold was ₹15,646 and ₹12,674 respectively.

Factors influencing gold rate today

Gold prices were down today mirroring sentiment overseas. On the MCX, gold June futures with delivery on June 5 traded with a cut of over 0.5% or ₹ 822 at ₹ 1,54,753 per 10 gm at around 10 am (IST). The precious yellow metal suffered losses amid gains in the dollar and rising oil prices as market participants looked forward to the US President's decision on the proposed deal for extending the ceasefire with Iran.

Meanwhile, US gold futures (August delivery) traded down by over 1% at $4,544 per ounce.

The dollar nudged higher, rendering dollar-priced gold expensive for holders of other currencies.

On Friday, the US President Trump said that he would soon take a decision on the proposed deal for continuing with the ceasefire with Iran. This is even as both the nations continued to differ on several major issues central to the ongoing dispute.

Gold prices are rangebound currently in the absence of fresh positive catalysts and robust recovery in global equity together with continued outflows from gold ETFs.

Also, continuing inflationary concerns have reinforced the scenario of a higher-for-longer interest rate regime, denting the appeal of non-interest yielding gold.