Gold Rate Today, June 2, 2026: Gold Holds Flat on Tuesday; 24K Stays at ₹1,56,220 Per 10 Gram as Market Pauses After Monday's Sharp Decline

Mumbai, June 2: Gold prices in India were unchanged on Tuesday, with the national price of 24-karat gold (99.9% purity) holding firm at ₹1,56,220 per 10 grams exactly where it closed on Monday after that session’s sharp ₹1,420 decline. The 22-karat rate (91.6% purity) also remained flat at ₹1,43,200 per 10 grams, and the 18-karat price (75% purity) held steady at ₹1,17,170 per 10 grams. On a per-gram basis, 24K gold stands at ₹15,622, 22K at ₹14,320 and 18K at ₹11,717 unchanged from Monday’s close.

Tuesday’s stability follows the steepest single-session decline since the post-tariff correction began, and suggests the market may be finding a temporary floor after shedding ₹2,070 per 10 grams in 24K over five sessions from last Wednesday’s ₹1,58,290. The pause in selling is consistent with a market reassessing direction: on one hand, renewed US strikes on Iran over the weekend and a hardening of Tehran’s negotiating stance on Monday with Iran’s foreign ministry publicly accusing Washington of issuing contradictory demands have revived geopolitical risk and oil price concerns that tend to support gold.

Also Read: How to Invest in Gold for Beginners: Simple Start Guide

On the other, the cumulative correction of the past week has already priced out much of the safe-haven premium that built up during the peak of the West Asia conflict. The interplay of these forces is likely keeping buyers and sellers in a holding pattern at current levels, with the next significant directional move contingent on whether US-Iran ceasefire talks progress or break down further.

City-Wise Rates: Southern and Western India

Chennai retained its position as India’s most expensive gold market on Tuesday, quoting 24-karat gold at ₹1,58,180 per 10 grams, 22-karat at ₹1,45,000 and 18-karat at ₹1,21,800 all unchanged from Monday, confirming the structural premium that Tamil Nadu’s bullion market consistently commands over the rest of the country. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune all held at the national benchmark of ₹1,56,220 for 24-karat, ₹1,43,200 for 22-karat and ₹1,17,170 for 18-karat gold per 10 grams, flat across the board for a second consecutive session.

Check list of Gold ETFs in India

Delhi held at ₹1,56,370 for 24-karat, ₹1,43,350 for 22-karat and ₹1,17,320 for 18-karat gold per 10 grams, while Vadodara and Ahmedabad both remained at ₹1,56,270 for 24-karat, ₹1,43,250 for 22-karat and ₹1,17,220 for 18-karat. Tuesday’s uniform stillness across all ten cities with not a single market recording any change from Monday points to a genuinely settled market digesting last week’s volatility before deciding its next move.

Source: goodreturns.in | Tuesday, June 2, 2026