KKN Gurugram Desk | Gold prices witnessed a fresh surge in the Indian market today, offering a promising signal to investors amid fluctuating global and domestic economic indicators. The price of 24-carat gold on the Multi Commodity Exchange (MCX) climbed over ₹400 per 10 grams in early morning trade. Meanwhile, silver also showed a slight upward movement, gaining less than 1% in today’s session.

Gold and silver have long held significant emotional and investment value for Indian households. With rising geopolitical tensions and market volatility, precious metals continue to serve as a reliable safe-haven for investors.

 Gold Rate Today in India (June 2, 2025)

As of 10:01 AM IST, the price of 24-carat gold on the Multi Commodity Exchange (MCX) was recorded at ₹95,673 per 10 grams, reflecting an increase of ₹408 compared to the previous trading session.

• Day’s Low: ₹95,660 per 10 grams

• Day’s High: ₹95,866 per 10 grams

This price surge follows days of mixed movement in the bullion market, with gold prices alternating between gains and corrections over the past week.

Silver Price Today: Slight Increase Amid Stability

Silver also exhibited a mild upward trend this morning. At 10:04 AM IST, the price of silver per kilogram stood at ₹97,376, up slightly from its previous close.

• Silver Low (Today): ₹97,122 per kg

• Silver High (Today): ₹97,400 per kg

Though the increase is modest compared to gold, experts suggest that silver may offer better return prospects in the medium to long term.

 Comparison: Gold and Silver Prices on May 30, 2025

Looking back at May 30, both gold and silver experienced a significant drop in prices:

• Gold: ₹95,990 per 10 grams (down by ₹693)

• Silver: ₹97,252 per kg (down by ₹872)

The decline was attributed to minor corrections after a sustained rally in prices during the month of May.

 Investment Insights: Gold vs Silver in 2025

 Expert View: Silver to Outperform Gold?

Commodity expert Ajay Kedia recommends investors to consider silver over gold in the short to medium term. According to him:

“While gold remains a stable investment, silver has consistently outperformed in terms of return percentage over the past few months. Moreover, we could see a 12% to 14% correction in gold prices going forward.”

He adds that gold prices, currently near ₹96,000 per 10 grams, may see a dip to ₹85,000 per 10 grams in the near future, creating fresh buying opportunities.

 Why Are Gold Prices Rising Again?

Several domestic and global factors are contributing to the recent surge in gold prices:

 1. Global Economic Uncertainty

Investors often turn to gold during times of economic volatility. With the global equity markets showing signs of fatigue, and recessionary fears looming over major economies, gold is once again seen as a safe bet.

2. Central Bank Policies

With the Reserve Bank of India (RBI) and other global central banks maintaining a cautious approach toward rate cuts, interest in gold as a hedge against inflation has spiked.

 3. Crude Oil and Dollar Movement

The slight depreciation of the Indian Rupee and global fluctuations in crude oil prices have also impacted commodity markets, driving more demand toward precious metals.

Is It the Right Time to Invest in Gold and Silver?

Gold prices remain close to all-time highs, but the possibility of a price correction raises the question: should investors wait or enter now?

 Long-Term Investors

For those planning to hold their investment for 5 years or more, the current levels still offer a reasonably strong entry point. Gold historically delivers steady long-term returns and acts as a portfolio stabilizer.

 Short-Term Traders

Those eyeing quick gains may want to wait for a correction, particularly in gold, before investing. The forecasted dip to ₹85,000 per 10 grams could present a more profitable entry.

 Silver Opportunity

Silver, currently trading near ₹97,000 per kg, is less expensive per unit than gold but often sees faster and sharper gains during commodity rallies. For aggressive investors, silver may be the better option at present.

 Technical Analysis: Gold and Silver Price Trends Gold Price Trend – Weekly Chart Summary:

• Resistance: ₹96,200

• Support: ₹95,100

• Expected correction: up to ₹85,000 if current levels don’t hold

 Silver Price Trend – Weekly Chart Summary:

• Resistance: ₹97,800

• Support: ₹96,200

• Range-bound movement with upside bias

Traders are advised to maintain stop-loss positions and monitor international triggers, including the U.S. Federal Reserve’s policy announcements.

 Impact on Indian Consumers and Jewelers

The continued high prices of gold are affecting Indian consumers, particularly in the wedding and festive segments:

• Jewelry sales have seen a slight decline due to steep prices.

• Buyers are shifting from 22-carat to lighter designs and alternatives like silver jewelry.

• Jewelers in Delhi, Mumbai, and Kolkata are offering discounts and combo offers to boost purchases.

🇮🇳 Gold Prices in Major Indian Cities (24 Carat, June 2)

Note: Prices may vary depending on local taxes, making charges, and market conditions.

What Should Investors Watch Next?

Key Indicators to Monitor:

• Global inflation data

• US Fed and RBI monetary policies

• Crude oil prices

• Dollar index performance

• Geopolitical events (Middle East, Russia-Ukraine)

These factors play a critical role in influencing gold and silver prices globally and domestically.

As of June 2, 2025, gold prices are once again rising, showing resilience amid macroeconomic uncertainty. While gold remains a staple for long-term wealth preservation, experts suggest silver may present better near-term gains.

Investors are advised to diversify their holdings, watch for price corrections, and enter with a well-informed strategy rather than market sentiment alone.