Gold Rate Today: Prices steady in retail market; check 18, 22, 24 carat prices at major jewellers

Gold prices are almost unchanged on Friday (June 5, 2026). In the wake of the ongoing US-Iran crisis, gold has fallen sharply and is reportedly on the verge of erasing all the gains made in 2026.

According to Goodreturns.in at the time of writing at around 9:25 am (IST), after falling by just ₹1 per gm each, 24 and 22 carat gold were priced at ₹15,610 and ₹14,309 per gm, respectively. 18 carat gold, meanwhile, after a similar drag was retailing at ₹11,707 per gm.

Indian gold ETFs recorded their first net monthly outflow in a year's time last month, as investors resorted to profit-booking following a sharp rise in prices post import duty hike on May 13.

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

Kalyan Jewellers: 22 carat gold is priced for ₹14,310 and 24 carat gold is retailing at ₹15,611 per gm. The price of 18 carat gold is ₹11,708 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,310 per gm. 24 carat gold quoted at ₹15,611 per gm, while 18 carat gold was retailing at ₹11,708.

As per IBJA on the previous trading day i.e. June 4, 2026, the price of 22k gold today was ₹15,234 per gram while the price of 24k and 18k gold was ₹15,609 and ₹12,643 respectively.

Factors influencing gold rate today

Mirroring international bullion market, gold prices on the Multi Commodity Exchange fell today. On the MCX at around 9:35 am (IST), gold August futures were down 0.64% or ₹1,028 at ₹1,58,519 per 10 gm.

Internationally too, gold prices are on course for a weekly fall. US gold futures (August delivery) traded weak by 0.87% at $4,466 per ounce.

Renewed tensions in the Middle East dampened hopes of a peace deal between the US and Iran.

According to a Reuters report, the Iran-backed Hezbollah rejected a new ceasefire in Lebanon and Israel said it would not withdraw troops from the country, undermining US President Donald Trump's efforts to halt fighting there to forge peace with Tehran.

Notably, even as tensions escalated, the dollar index and US 10-year bond yield with a tad cut.

Amid inflationary concerns in the backdrop of prolonged geo-political uncertainty, global central banks may keep interest rates higher for longer.

Higher interest rates weigh on the demand for non-interest yielding assets like gold.

Investors are keeping a close track of the US nonfarm payrolls data, due later today, for cues on the Fed's monetary policy path.