Gold Rate Today, June 2: How much you have to pay for 18, 22, 24 carat gold

Gold prices were steady on June 2 following a cut on the previous day. According to Goodreturns.in at the time of writing at around 11 am, 24 and 22 carat gold were priced at ₹15,622 and ₹14,320 per gm, respectively. 18 carat, meanwhile, was priced at ₹11,717 per gm.

Amid continuing geo-political uncertainty, gains in gold prices have remained capped for a number of reasons including strong recovery in global equities, sustained outflows from exchange-traded funds and absence of any new positive triggers.

Also, inflationary pressure has cemented hopes of a higher-for-longer interest rate regime, weighing on the appeal of non-interest yielding assets like gold.

On June 2, 2026, gold prices across major brands are as below:

Kalyan Jewellers: 22 carat gold is priced for ₹14,320 and 24 carat gold is retailing at ₹15,622 per gm. The price of 18 carat gold is ₹11,717 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,320 per gm. 24 carat gold quoted at ₹ 15,622 per gm, while 18 carat gold was retailing at ₹11,716.

Malabar Gold: 22 carat gold is priced at ₹14,320 per gm, while 24 carat gold quoted at ₹ 15,622 per gm,

As per IBJA on the previous trading day i.e. June 1, 2026, the price of 22k gold today was ₹15,180 per gram while the price of 24k and 18k gold was ₹15,554 and ₹12,598 respectively.

Factors influencing gold rate today

Mirroring sentiment in the international bullion market, gold prices on the MCX traded higher. At around 11:45 am (IST), gold August futures traded higher by 0.91% or ₹1,410 at ₹1,55,662 per 10 gm.

Meanwhile, US gold futures for August delivery were also up by nearly 1% at $4,549 per ounce.

The yellow-metal price has edged higher in the backdrop of escalating tensions in Iran.

Investors are now turning their focus on a set of US economic print, specifically labour market data for cues on the Federal Reserve's next interest rate move.

On the US-Iran war front, state media of Iran said early morning that Tehran was stopping indirect negotiations with the US and could end the ceasefire largely in force since April considering the war in Lebanon.

However, US President said that negotiations with Iran are ongoing and happening "at a rapid pace."

Analysts expect gold prices on Indian bourses to trade range-bound to slightly lower for the day; after prices held a decline as conflicting signals from the US and Iran cast doubt over a diplomatic resolution to the war, fanning concerns over inflation and prolonged trade disruptions.