Gold Rate Today, June 8: Prices steady post sharp fall on Saturday; check 24, 22, 18 carat rate

Gold prices after falling substantially on Saturday are almost unchanged today. According to Goodreturns.in at the time of writing at around 7:50 am (IST), 24 carat, 22 carat and 18 carat gold after recording a meagre loss of just ₹1 per gm each, were priced at ₹15,272, ₹13,999 and ₹11,454 per gm, respectively.

Over the last 10 days, 24 carat gold is trading in a range of ₹15,200-₹15,700 per gm.

India's gold reserves held by the RBI have surged by more than 320 tonnes over the past decade, reaching a record 880.52 tonnes in March 2026. Also, the country's central bank recently denied reports of any gold sales, reestablishing that its gold holdings are steady at an all-time high.

Globally too, central banks have resumed net buying in gold in April, purchasing 19 tonnes after sizeable net sales in March. Poland remained the largest buyer, adding 14 tonnes and raising year-to-date purchases to 45 tonnes.

On June 5, 2026, gold prices across major brands are as below:

Kalyan Jewellers: 22 carat gold is priced for ₹14,000 and 24 carat gold is retailing at ₹15,273 per gm. The price of 18 carat gold is ₹11,455 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,000 per gm. 24 carat gold quoted at ₹15,273 per gm, while 18 carat gold was retailing at ₹11,455.

Factors influencing gold rate today

Gold prices extended losses amid rate hike concerns in the US, while renewed tensions in West Asia pushed oil prices higher, causing inflationary fears.

Internationally, US gold futures for August delivery were down by 0.75% at $4,332.57 per ounce. While gold futures on the MCX in the previous session on Friday closed at ₹1,55,600, dropping a significant 2.5%.

The sharp drop was seen in tandem with the international price movement as prices slumped to their lowest since March 24 after a stronger-than-expected US jobs print strengthened expectations of a rate hike in the US.

According to reports, US President Donald Trump on Sunday said he would ask Israeli Prime Minister Benjamin Netanyahu not to strike back after Iran launched a number of missiles at Israel in retaliation for an attack on the outskirts of Beirut.

Oil prices again recorded a jump of over 3%, with brent crude hovering over $95 per barrel level, raising concerns over inflation and rate hikes.

Higher for longer interest rates dent the appeal of non-interest yielding assets like gold.