Gold Rate Today, June 5, 2026: Gold Prices Edges Lower on RBI Policy Day; 24K Slips ₹110 per 10 gm to ₹1,56,100

Mumbai, June 5: Gold prices in India slipped modestly on Friday, snapping a four-session streak of near-total inactivity as the market repositioned ahead of the Reserve Bank of India’s monetary policy announcement due at 10 am. The national price of 24-karat gold (99.9% purity) eased to ₹1,56,100 per 10 grams, down ₹110 from Thursday’s ₹1,56,210.  

The 22-karat rate (91.6% purity) declined to ₹1,43,090 per 10 grams, shedding ₹100 from Thursday’s ₹1,43,190. The 18-karat price (75% purity) slipped to ₹1,17,070 per 10 grams, easing ₹90 from Thursday’s ₹1,17,160. On a per-gram basis, 24K gold now stands at ₹15,610, 22K at ₹14,309 and 18K at ₹11,707. 

Friday’s modest decline is consistent with light pre-policy repositioning rather than any fresh directional conviction. With the MPC expected by most analysts to hold the repo rate steady, gold’s role as a non-yielding safe-haven asset faces a muted macro catalyst on the day. A hold accompanied by dovish commentary hinting at future rate cuts would be broadly supportive for gold, as lower future interest rates reduce the opportunity cost of holding the metal.  

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A hawkish hold — signalling that the RBI remains focused on inflation and is in no rush to ease — would be marginally negative. The global backdrop continues to provide a floor: US-Iran ceasefire negotiations remain deadlocked, with Iran accusing Washington of contradictory demands and renewed military exchanges keeping the West Asia risk premium alive in commodity markets. 

City-Wise Gold Rates: Southern and Western India 

Chennai retained its position as India’s most expensive gold market on Friday, quoting 24-karat gold at ₹1,57,960 per 10 grams, 22-karat at ₹1,44,790 and 18-karat at ₹1,21,590 — each declining in line with the national rate. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all uniformly pegged at the national benchmark of ₹1,56,100 for 24-karat, ₹1,43,090 for 22-karat and ₹1,17,070 for 18-karat gold per 10 grams. Delhi quoted 24-karat at ₹1,56,250, 22-karat at ₹1,43,240 and 18-karat at ₹1,17,220, while Vadodara and Ahmedabad were both at ₹1,56,150 for 24-karat, ₹1,43,140 for 22-karat and ₹1,17,120 for 18-karat. 

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

Source: goodreturns.in | Friday, June 5, 2026