Gold Prices in India on 1 June 2025: A City-Wise Overview
As we step into June, gold prices across India have shown relative stability, with minor fluctuations observed in different cities. Understanding these variations is crucial for investors and consumers alike.
National Average Gold Price
24 Karat Gold: ₹9,748 per gram
22 Karat Gold: ₹8,937 per gram
City-Wise Gold Rates
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| Delhi | ₹97,483 | ₹89,223 |
| Mumbai | ₹97,337 | ₹89,093 |
| Chennai | ₹97,331 | ₹89,087 |
| Kolkata | ₹97,335 | ₹89,091 |
| Bengaluru | ₹97,325 | ₹89,081 |
| Hyderabad | ₹97,325 | ₹89,081 |
| Ahmedabad | ₹97,325 | ₹89,081 |
| Pune | ₹97,343 | ₹89,099 |
| Jaipur | ₹97,325 | ₹89,081 |
| Lucknow | ₹97,325 | ₹89,081 |
Factors Influencing Gold Prices
Several factors contribute to the daily fluctuations in gold prices across different cities:
1. Global Market Trends
International gold prices, influenced by global economic conditions, currency fluctuations, and geopolitical tensions, play a significant role in determining local gold rates.
2. Local Demand and Supply
Festive seasons, weddings, and cultural events can lead to increased demand, affecting prices in specific regions.
3. Import Duties and Taxes
Government policies on import duties and taxes can impact the final price of gold in the domestic market.
4. Currency Exchange Rates
The strength of the Indian Rupee against the US Dollar can influence gold prices, as gold is globally traded in USD.
What This Means for You
For consumers and investors:
Purchasing Jewelry: This stable period might be an opportune time to buy gold jewelry, especially with upcoming festivals.
Investing: Investors looking for a safe haven may consider gold as a viable option amidst global economic uncertainties.
