Gold Rate Today, June 3: 18, 22, 24 carat gold prices at jewellery stores in different cities

Gold prices are largely steady for the second-straight day on Wednesday (June 3, 2026). According to Goodreturns.in at the time of writing at around 8:50 am (IST), after falling by just ₹1 per gm each, 24 and 22 carat gold were priced at ₹15,621 and ₹14,319 per gm, respectively. 18 carat gold, meanwhile, after a similar drag was retailing at ₹11,716 per gm.

The government raised the total import duty on gold to 15% from 6%, effective May 13, which boosted the value of the RBI’s gold holdings by about $6.2 billion in the week ended May 15. Nevertheless, the reported value of gold holdings still fell by $1.6 billion, suggesting that the central bank was selling gold in a bid to preserve its foreign-currency assets in the face of capital outflows.

On June 3, 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.

As per IBJA on the previous trading day i.e. June 2, 2026, the price of 22k gold today was ₹15,254 per gram while the price of 24k and 18k gold was ₹15,629 and ₹12,660 respectively.

Factors influencing gold rate today

Gold prices on the MCX traded flat with August futures trading down by ₹4 at ₹1,59,350 per 10 gm at around 9:15 am. However, US gold futures (for August delivery) traded with a cut of 0.2% at $4,510.84 per ounce.

Prices fell internationally as fresh escalation in the Middle East crisis drove oil prices higher, reinforcing expectations that global central banks may be nudged to keep interest rates higher for longer.

Meanwhile, the US dollar index and bond yield traded with slight gains.

Iran on Tuesday launched several ballistic missiles and drones on Bahrain and Kuwait together with civilian mariners, nevertheless they were thwarted before hitting their targets, said the US military. American forces launched what it called “self-defense strikes” on Qeshm Island, off the Iranian coast, the military said.

As per reports, the precious yellow-metal gold is inching closer to erasing its gains this year as renewed doubts over a peace deal casts a shadow on any recovery prospects.