Gold & Silver Prices Hold Firm Amid Wedding Season
Precious Metal Rates Stay Elevated as Global Uncertainty and Strong Demand Keep Bullion Markets on Edge
Gold & Silver Prices Remain Stable; Buyers Get Relief Amid Wedding Season Demand
As the wedding and festive season gains momentum across the country, gold and silver buyers have received a major relief. Precious metal prices remained largely unchanged in the bullion market on June 2, 2026, providing stability for consumers planning fresh purchases and investments.
With demand for gold and silver witnessing a steady rise during the ongoing marriage season, market participants have been closely monitoring price movements. However, bullion rates showed no significant fluctuations today, bringing a sense of confidence among buyers.
In the national capital, the price of 24-carat gold stood at ₹1,56,370 per 10 grams. Meanwhile, 22-carat gold was trading at ₹1,43,350 per 10 grams, while 18-carat gold was priced at ₹1,17,320 per 10 grams.
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Mumbai’s bullion market also reflected a similar trend. The price of 24-carat gold was recorded at ₹1,56,220 per 10 grams. Buyers were required to pay ₹1,43,200 for 22-carat gold, while 18-carat gold was available at ₹1,17,170 per 10 grams.
Silver prices also maintained stability across major markets. In both Delhi and Mumbai, silver was trading at ₹2,80,000 per kilogram. The price of 100 grams of silver stood at ₹28,000, while 10 grams was valued at ₹2,800.
What Were the Rates Yesterday?
On June 1, bullion prices witnessed a mild correction. During that period, 24-carat gold was trading around ₹1.56 lakh per 10 grams, while 22-carat gold hovered near ₹1.43 lakh. Silver prices fluctuated between ₹2.63 lakh and ₹2.80 lakh per kilogram. The pressure from global markets and a stronger US dollar had influenced domestic bullion sentiment.
Why Are Gold and Silver Prices Rising?
Gold and silver have been trading near record highs for several months due to multiple global factors. Escalating tensions in the Middle East, growing economic uncertainty worldwide, and increasing investor preference for safe-haven assets have significantly boosted demand for gold.
In addition, rising industrial demand has strengthened silver prices. The growing use of silver in electronics, solar energy projects, and advanced manufacturing sectors continues to support its long-term bullish outlook.
Import duties and domestic taxation policies have also played a crucial role in keeping bullion prices elevated in India. As a result, both gold and silver continue to trade at historically strong levels.
Market experts believe that future price movements will largely depend on global economic developments and fluctuations in the US dollar. Therefore, investors and consumers are advised to closely track market trends before making major purchasing or investment decisions.
