Gold and Silver Prices Today June 4, 2025 : Gold and silver prices in India saw a significant jump on June 4, 2025, as global economic concerns and rising geopolitical tensions continued to fuel demand for safe-haven assets. Both metals are trading at multi-month highs, with 24K gold crossing ₹98,000 per 10 grams and silver breaching the ₹1 lakh mark per kilogram.
Let’s take a closer look at what’s driving this price hike and where rates stand in major cities today.
💰 What’s Driving Gold Prices Up?
Gold, often called the “safe-haven metal,” is seeing increased demand due to:
- Concerns over U.S. trade tariffs: Ongoing tensions around U.S. trade policies, particularly with China, are spooking investors and pushing them toward stable assets like gold.
- Geopolitical uncertainty: Rising conflicts in regions such as the Middle East and Eastern Europe are prompting global investors to hedge risk.
- Strong domestic demand: In India, consistent buying interest during wedding season and upcoming festivals is supporting high prices.
Quick Snapshot (as of 9:30 AM, June 4):
- 24K Gold: ₹98,170 per 10 grams
- 22K Gold: ₹89,989 per 10 grams
- MCX Gold (June Futures): ₹98,025 per 10 grams, up 0.3%
🏙️ Gold Rates in Major Indian Cities
Here’s a city-wise breakdown of the latest gold rates:
| City | 24K Gold (per 10g) | 22K Gold (per 10g) |
|---|---|---|
| Mumbai | ₹97,920 | ₹89,760 |
| Delhi | ₹97,750 | ₹89,604 |
| Chennai | ₹98,200 | ₹90,017 |
| Kolkata | ₹97,790 | ₹89,641 |
💡 Note: Prices may vary slightly depending on the jeweler and location.
🪙 Silver Price Update: Crosses ₹1 Lakh After Months
Silver is also in the spotlight today. After months of relatively stable performance, prices have now surged past ₹1 lakh per kg, reflecting renewed interest in industrial and investment demand.
Silver Price Highlights (as of 9:30 AM):
- Silver (Spot Rate in India): ₹101,720 per kg, up 0.1%
- MCX Silver (July Futures): ₹101,545 per kg, up 0.3%
- International Price: $34.60 per troy ounce, up 0.2%
🏙️ Silver Rates in Major Cities
| City | Silver Price (per kg) |
|---|---|
| Mumbai | ₹101,550 |
| Delhi | ₹101,380 |
| Chennai | ₹101,850 |
| Kolkata | ₹101,420 |
📊 Why Are Precious Metals Gaining Ground Now?
Here are three key reasons why gold and silver are on the rise:
1. Global Economic Uncertainty
Investors worldwide are reacting to the unpredictability of U.S. trade policies, interest rate expectations, and fears of inflation. As currencies fluctuate and markets remain volatile, precious metals offer a relatively stable investment.
2. Hedging Against Inflation
In India, inflation remains a concern for consumers and investors alike. Precious metals, especially gold, are traditionally used to protect wealth against purchasing power loss.
3. Seasonal Demand & Festive Buying
With wedding season underway and festivals like Raksha Bandhan and Diwali approaching, jewelry purchases are on the rise. This seasonal uptick in demand puts upward pressure on local gold and silver prices.
📈 How Should You Respond as an Investor?
Whether you’re a retail investor or a long-term saver, these rising prices are worth noting. Here are a few tips:
- Buy on dips: Prices are high now, so wait for minor corrections if you’re looking to invest.
- Consider silver ETFs or sovereign gold bonds: These offer a safer and more liquid way to invest than physical assets.
- Monitor global cues: Keep an eye on US Federal Reserve policies, oil prices, and geopolitical headlines.
✅ Final Takeaway
Gold and silver are once again proving their strength as safe-haven assets amid market turbulence. With 24K gold touching ₹98,170 and silver soaring past ₹1,01,700 per kg, this could be a crucial time for both buyers and investors.
📌 Pro Tip: If you’re planning to buy jewelry or invest in bullion, compare rates across different cities and vendors, and consider digital options for better security and lower premiums.
📌 FAQs
Q1. Why is gold price rising in India today?
Gold prices are up due to global trade uncertainties, geopolitical tensions, and strong local demand.
Q2. Will gold prices fall soon?
Short-term corrections may happen, but long-term demand remains strong due to economic uncertainty and festive buying.
Q3. Is it a good time to invest in silver?
Yes, silver has industrial use and investment value. You can consider SIPs in silver ETFs or buy small quantities regularly.
