Gold Price Today –
1 June 2026
A new month begins with gold steady above $4,500. India’s 24K gold is at ₹15,704/gram (₹1,57,040/10g) per Goodreturns. Globally, gold rose to $4,541.80 (+0.01%) as US-Iran ceasefire extension talks show limited but ongoing progress. Gold was down 0.8% for May — but remains +34.31% year-on-year. This week’s focus: the US Jobs Report (likely Friday) which will sharply clarify the Fed’s rate path for the rest of 2026.
US-Iran Ceasefire Extension Talks Continue — Limited Progress, High Uncertainty
Over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft accord that would extend the ceasefire and reopen the Strait of Hormuz — though it remained uncertain whether negotiations were moving closer to a resolution. President Trump reiterated his call for Iran to halt its nuclear program and fully restore the Strait’s status as an open international waterway. Gold steadied above $4,500 on Monday following this volatile week — supported by ongoing uncertainty but capped by tentative peace progress.
For context: gold climbed to $4,580 on Friday (May 30) on reports of a tentative 60-day ceasefire extension to allow formal talks, though Trump had yet to formally approve the agreement. May ended with gold down 0.8% for the month but up 0.41% — a volatile, range-bound performance as geopolitical tailwinds and rate-hike headwinds offset each other.
Aaj ka sone ka bhav — Monday, 1 June 2026. A new month opens with gold steady at ₹15,704/gram (₹1,57,040/10g) nationally per Goodreturns. Globally, gold is at $4,541.80 (+0.01%) — holding above $4,500 despite May’s −0.8% monthly decline. The Iran ceasefire extension talks continue with limited progress, keeping safe-haven demand alive. This week’s dominant event is the US Non-Farm Payrolls (Jobs Report) — expected Friday — which will decisively clarify the Fed’s rate path for H2 2026 and set gold’s near-term direction.
💰 Gold Rate Today India — 1 June 2026
Goodreturns (updated 1 June 2026, sourced from reputed jewellers nationally):
- 24K gold: ₹15,704/gram (₹1,57,040/10g)
- 22K gold: ₹14,395/gram (₹1,43,950/10g)
- 18K gold: ₹11,778/gram (₹1,17,780/10g)
Goodreturns Kolkata-specific data shows ₹15,703/gram (24K) — one rupee below the national average. Goldmeter (IBJA benchmark) confirmed ₹15,938/gram for 24K as of its most recent update (29 May) — slightly above Goodreturns retail, consistent with the IBJA premium structure.
Today’s gold rates differ across sources: Goodreturns national: ₹15,704/gram (retail jeweller survey) · Goldmeter IBJA: ₹15,938/gram (IBJA benchmark, 29 May) · Policybazaar Delhi: ₹15,278/gram (digital gold, ex-duty). All exclude 3% GST and making charges. For jewellery purchases, Goodreturns retail is most relevant. For Gold ETF/SGB tracking, use IBJA/Goldmeter. The spread reflects that IBJA sets the benchmark while retail prices lag by a few hours and vary by jeweller. Import duty remains at 15% (effective May 13, 2026).
🏙️ City-Wise Gold Rate Today — 1 June 2026
| City | 24K (₹/10g) | 22K (₹/10g) | 18K (₹/10g) | 24K/gram |
|---|---|---|---|---|
| Delhi | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Mumbai | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Chennai | ₹1,58,790+ | ₹1,45,560+ | ₹1,19,090+ | ₹15,879+ |
| Kolkata | ₹1,57,030 | ₹1,43,940 | ₹1,17,770 | ₹15,703 |
| Bengaluru | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Hyderabad | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Ahmedabad | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Pune | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Jaipur | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Lucknow | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Surat | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
| Patna | ₹1,57,040 | ₹1,43,950 | ₹1,17,780 | ₹15,704 |
*Rates from Goodreturns (1 June 2026). Exclude 3% GST and making charges. Kolkata is ₹1/gram below national average — marginal. Chennai carries a traditional ₹1,750/10g premium. All rates are indicative — verify with your local jeweller before purchase. May 2026 Delhi range: High ₹16,265/gram (24K), Low ₹14,506/gram (24K) per Policybazaar.
📊 MCX Gold Rate Today — Support & Resistance
MCX gold opens Monday reflecting international spot at $4,541.80 converted at approximately ₹95.70–₹96/USD with 15% import duty + 3% GST base. Expected MCX trading range today: ₹1,56,500–₹1,59,500/10g, with a slight positive bias from gold’s overnight stability above $4,500 and the Iran ceasefire extension dialogue.
Gold steadying above $4,500 at the start of June — despite May’s −0.8% monthly decline — is technically constructive. The Iran ceasefire extension dialogue (even if limited) prevents the sharp safe-haven unwind that would push gold to $4,380 support. The range for this week: $4,488–$4,595 (Investing.com today) and LiteFinance May range of $4,380–$5,100 remains intact. The US Jobs Report this week will set the direction for June 2026 — a weak report targets $4,645+; a strong report could test $4,441 support.
🌍 International Gold Spot Price — 1 June 2026
Trading Economics confirms: gold rose to $4,541.80 on June 1, 2026 — up 0.01% — up 0.41% over the past month and +34.31% YoY. Investing.com shows XAU/USD at $4,539.27, with today’s range of $4,488.68–$4,595.31 and opening price of $4,494.94. Gold closed May down 0.8% for the month — its first monthly decline since January 2026 — primarily due to rate-hike fears from US CPI (3.8%), PPI surge, and FOMC hawkishness. The tentative ceasefire extension reports that pushed gold to $4,580 on Friday (May 30) are being treated with caution as Trump has not formally approved the 60-day extension.
| Metric | Value | Source / Context |
|---|---|---|
| Today (June 1) | $4,541.80 (+0.01%) | Trading Economics |
| XAU/USD (Investing.com) | $4,539.27 | Prev. close: $4,495.83 |
| Today’s Range | $4,488.68–$4,595.31 | Investing.com live |
| Opening Price | $4,494.94 | Monday open |
| May 30 High (ceasefire rally) | $4,580 | Tentative 60-day extension report |
| May 2026 Monthly Change | −0.8% | First monthly decline since Jan |
| 1-month Change | +0.41% | Trading Economics |
| Year-on-Year | +34.31% | Trading Economics vs. June 2025 |
| ATH (Jan 28, 2026) | $5,602.22/oz | APMEX |
| % Below ATH | −18.9% | From $5,602 to $4,541 |
📆 May 2026 Monthly Recap — Key Highlights
“Gold steadied above $4,500 an ounce on Monday following a volatile week, as efforts to secure a longer-term ceasefire agreement between the US and Iran showed limited signs of progress. Over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft accord that would extend the ceasefire and reopen the Strait of Hormuz, though it remained uncertain whether the negotiations were moving closer to a resolution.” — Trading Economics, June 1, 2026
📰 Top News Moving Gold Today
Trading Economics confirmed: over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft accord that would extend the ceasefire and reopen the Strait of Hormuz. Reports on May 29–30 suggested a tentative 60-day ceasefire extension, though Trump had yet to formally approve. This limited but ongoing progress is keeping gold’s safe-haven premium alive at $4,500+, while preventing the sharp safe-haven rally that would come from full peace deal collapse or a new escalation.
Trading Economics confirmed: “Investors are now awaiting the latest US monthly jobs report later this week, which could offer fresh insight into labor market strength and the likely path of Federal Reserve policy.” This is the most market-moving event for gold in June 2026. A strong jobs report (low unemployment, high payrolls) reinforces the case for a December rate hike — bearish for gold near-term. A weak report (rising unemployment, few new jobs) confirms economic slowdown despite high inflation — the stagflation scenario — gold’s most powerful long-term bull environment.
May 2026 was gold’s first monthly decline since January, per Trading Economics, as rate-hike fears (CPI 3.8%, PPI surge, hawkish FOMC minutes) offset geopolitical safe-haven demand. India’s story was different: the May 13 import duty hike to 15% created a permanent domestic price premium, with Delhi’s May high at ₹16,265/gram (24K) and the month-end settling near ₹15,703–₹15,779/gram. India’s gold buyers experienced a complex month — global prices fell but domestic duty floors kept prices elevated.
India’s 15% import duty on gold (effective May 13, 2026) remains in effect as June begins — keeping retail prices approximately 18–20% above international parity. The Goldmeter IBJA reference at ₹15,938/gram (vs. Goodreturns retail ₹15,704/gram) confirms the duty premium is fully embedded in pricing. With US Jobs Report data this week and Iran ceasefire uncertainty ongoing, India’s gold prices are likely to remain in the ₹15,500–₹16,000/gram range unless a major catalyst emerges.
📅 June 2026 Gold Outlook — What to Expect
If the 60-day ceasefire extension is formally confirmed, oil falls, inflation eases, and the stagflation scenario strengthens. Counterintuitively, this may initially push gold lower (safe-haven unwind) before a stronger medium-term rally as rate-cut expectations return. If talks collapse, gold spikes on escalation fears.
This week’s Jobs Report, plus upcoming June CPI (July) and FOMC meeting (July), will determine whether the Fed proceeds with a December 2026 rate hike. Markets currently price in ~28% December hike probability. A weak Jobs Report could push this below 20% — very bullish for gold.
PBoC added 8 tonnes in April — the highest in 15 months. WGC confirms record Q1 2026 global demand. This structural institutional floor doesn’t disappear based on monthly performance — it accumulates quietly on price dips, providing the long-term price support that gold’s bull market is built on.
India’s 15% import duty is unlikely to be reversed in June 2026. The trade deficit remains elevated and the rupee is still weak (₹95–₹96/USD). India’s domestic gold floor is therefore ₹15,000–₹15,500/gram minimum at current international prices — offering downside protection for recent buyers.
LiteFinance’s H2 2026 forecast of $5,400–$6,000 implies gold needs to rally approximately 19–32% from current levels to hit the target. Goldman Sachs maintains $5,400. The structural drivers (Iran, inflation, CB buying) remain intact — it’s a matter of when, not if, gold moves higher.
Strong US Jobs Report this week → dollar strengthens → gold tests $4,441 support. Formal Iran ceasefire confirmed → oil drops sharply → inflation eases → gold dips to $4,380 before medium-term recovery. Both are near-term risks for gold in the first week of June.
🚨 This Week’s Key Events — US Jobs Report in Focus
The US Non-Farm Payrolls release on Friday June 6 at 8:30 AM ET (6:00 PM IST) can move MCX gold by ₹1,000–₹3,000 per 10 grams within minutes. If you plan to make a physical gold purchase this week, consider completing it before Thursday evening — or waiting until Saturday when the Jobs Report reaction has fully settled. For ETF/SGB investors: ignore the weekly volatility and maintain your SIP schedule.
🔮 Gold Price Forecast 2026 — Updated Expert Targets
Despite May’s −0.8% monthly decline, the structural bull market for gold in 2026 remains intact. Gold is still +34.31% year-on-year and the three core structural drivers — geopolitical tension (Iran), inflation (CPI 3.8%), and institutional buying (PBoC 18+ months) — have not changed. LiteFinance’s H2 2026 outlook: “Experts remain optimistic, forecasting the $5,400–$6,000 range by the end of the year, driven by geopolitical factors and continued central bank reserve accumulation.”
| Institution | Gold Target (USD) | India 24K (₹/10g) | Timeframe |
|---|---|---|---|
| Goldman Sachs | $5,400/oz | ~₹1,76,000 | End 2026 |
| LiteFinance H2 | $5,400–$6,000/oz | ~₹1,76,000–₹1,96,000 | H2 2026 |
| LongForecast | Up to $6,874/oz | ~₹2,24,000+ | 2026 peak |
| Bull trigger (weak Jobs) | $4,645–$4,760 near-term | ~₹1,52,000–₹1,56,000 | This week |
| Bear case (strong Jobs) | $4,380–$4,441 | ~₹1,43,000–₹1,45,000 | Near-term |
| Iran escalation upside | $5,000–$5,600 | ~₹1,63,000–₹1,83,000 | If war resumes |
*India estimates at USD/INR ~₹95.72–₹96.13, 15% import duty + 3% GST base. All forecasts are analyst estimates, not guarantees.
💼 Best Ways to Buy Gold in India — June 2026
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Sovereign Gold Bonds (SGBs) — #1 Pick for June 2026
With gold globally at $4,541 and LiteFinance targeting $5,400–$6,000 by year-end, this is a compelling long-term entry. SGBs bypass India’s 15% import duty entirely — giving access at ~₹13,900–₹14,000/gram equivalent vs. ₹15,704/gram retail. Plus 2.5% annual interest and complete capital gains tax exemption at 8-year maturity. Check RBI’s website (rbi.org.in) for the next SGB tranche date and subscribe. With the Jobs Report this week, wait until Monday–Wednesday to gauge this week’s direction before deciding on lump sum vs. SIP. -
Gold ETF Monthly SIP — Ideal for Weekly Volatility
HDFC Gold ETF, SBI Gold ETF, Nippon India Gold ETF. With the Jobs Report on Friday capable of moving gold ₹1,000–₹3,000/10g in either direction, a monthly SIP eliminates the market-timing stress entirely. You automatically capture better prices on dips. Zero making charges, SEBI regulated, fully liquid, duty-efficient (tracks international prices). If you don’t have a Gold ETF SIP yet — set one up today through Zerodha, Groww, or Upstox in 5 minutes. -
Gold Mutual Funds — No Demat Account Required
Axis Gold Fund, ICICI Pru Gold ETF FOF, Kotak Gold Fund. SIP from ₹500/month. Auto-debit monthly. No trading account needed. Returns mirror ETF performance. India’s gold ETF demand surged 197% YoY in Q1 2026 — this structural shift toward financial gold is a trend worth joining at the start of June. -
Physical Gold — Best Using Old-Gold Exchange Route
At ₹15,704/gram + 3% GST + making charges, physical gold includes the full 15% import duty. For jewellery purchases before an upcoming wedding or festival: (1) Use the old-gold exchange route at Tanishq, Malabar, or Kalyan — pay only the value difference, not the full duty; (2) Complete the purchase before Friday to avoid Jobs Report volatility; (3) Consider 18K or 14K alternatives as GJEPC recommends; (4) Always demand BIS Hallmark HUID receipt from a certified store.
Gold entering June at $4,541 — 18.9% below its January ATH, +34.31% YoY, with Goldman Sachs targeting $5,400 by year-end — represents a potentially compelling medium-term accumulation window. The structural bull case (Iran, inflation, CB buying) is intact. Near-term, the Jobs Report Friday will set June’s direction. The optimal June approach: set up an SGB or Gold ETF SIP this week; make any lump-sum physical purchases before Friday 6 PM IST (pre-Jobs Report); monitor Iran ceasefire developments daily as they remain the single largest wildcard for gold in June 2026.
❓ Frequently Asked Questions
On 1 June 2026, 24K gold in India is ₹15,704/gram (₹1,57,040/10g), 22K is ₹14,395/gram (₹1,43,950/10g), and 18K is ₹11,778/gram (₹1,17,780/10g) per Goodreturns. Kolkata is ₹15,703/gram. Goldmeter IBJA shows ₹15,938/gram (most recent benchmark). All rates exclude 3% GST and making charges.
Aaj 1 June 2026 ko 24 carat sone ka bhav ₹15,704 per gram (₹1,57,040/10g) hai. 22 carat gold ₹14,395/gram (₹1,43,950/10g) hai. Kolkata mein ₹15,703/gram hai. International gold $4,541.80/oz hai — 34.31% YoY zyada. Aaj Iran ceasefire talks ongoing hain aur US Jobs Report is hafte release hoga. Ye rates indicative hain — 3% GST aur making charges alag lagte hain.
May 2026 was gold’s first monthly decline since January — down 0.8% globally — driven by: US CPI at 3.8% (2-year high), US PPI at its biggest monthly spike since 2022, Kevin Warsh confirmed as hawkish Fed Chair, and a December rate hike probability rising to ~28%. In India, the story was different: the May 13 import duty hike from 6% to 15% created a ₹1,000–₹1,391/gram single-day spike, with Delhi’s 24K hitting ₹16,265/gram. May’s India range: high ₹16,265, low ₹14,506 (per Policybazaar Delhi data).
The US Non-Farm Payrolls (Jobs Report) releases on Friday June 6 at 6 PM IST and is the most market-moving event of the week for gold. A weak report (rising unemployment, few new jobs) confirms the US economy is slowing under rate hike pressure — the stagflation scenario — gold’s most powerful bull environment. Target: $4,645–$4,760 (+2–5%). A strong report (low unemployment, strong payrolls) reinforces the rate-hike case — dollar strengthens, gold pressured toward $4,441–$4,380 support (−2–3%). MCX India impact: ±₹1,500–₹3,000/10g within hours of the 6 PM IST release.
Gold at ₹15,704/gram is approximately 3.4% below Delhi’s May peak of ₹16,265/gram and 19% below the January 2026 all-time high of $5,602 globally — offering a moderate discount from peaks. The structural bull case (Iran, central bank buying, inflation) is intact. LiteFinance targets $5,400–$6,000 by year-end — potential 19–32% gain from today’s international price. Recommendation: start or increase an SGB or Gold ETF SIP this week rather than making a large physical lump-sum purchase ahead of Friday’s Jobs Report. For jewellery needs, use the old-gold exchange route at certified stores. Always consult a SEBI-registered financial advisor for personalised guidance.
India’s 24K gold at ₹15,704/gram is higher than international parity because: (1) 15% import duty (since May 13, 2026) adds approximately ₹1,700–₹2,000/gram over bare international price; (2) 3% GST on the value (not shown in the rates above — add for final price); (3) Rupee at ~₹95.72/USD (weaker than ₹84 a year ago); (4) Dealer margins and state levies. The “bare” international gold price at $4,541.80/oz converts to approximately ₹13,960/gram at ₹95.72/USD before duty and GST. Adding 15% duty + margins explains the gap to ₹15,704/gram retail.
We’ll publish gold’s Non-Farm Payrolls reaction analysis Friday evening after the 6 PM IST release. Plus daily gold & silver rates, Iran ceasefire updates, import duty news & government scheme alerts every morning on WhatsApp Channel and Telegram!