Gold Prices Hold Steady at Indian Jewellers Amid Global Uncertainty
Gold prices held steady across major Indian jewellers on June 3, 2026, despite global market jitters. However, the IBJA reported a dip in its indicative rates. Geopolitical tensions and potential US interest rate hikes are influencing investor sentiment, while India's tightened silver import rules add another layer to market dynamics.
Gold prices remained largely unchanged at major jewellery chains today (Wednesday, June 3, 2026) even as international market uncertainties continued to influence gold investor sentiment. In contrast to key jewellery brands, the India Bullion and Jewellers Association (IBJA) reported a decline in its indicative gold and silver rates today.
Gold outlook
Prithviraj Kothari, managing director, RiddiSiddhi Bullions Ltd., IBJA, says, “Gold and silver are trading weak as uncertainty over US-Iran peace talks lifts oil prices, raising inflation concerns and strengthening the case for a tighter Fed. Gulf tensions flared Wednesday, with the U.S. military reporting Iranian missile attacks on Bahrain, Kuwait, and other targets were intercepted or failed. India tightened silver import rules, adding grain and powder forms to the restricted list to ease rupee pressure. Cleveland Fed's Beth Hammack signaled possible rate hikes if inflation persists, with markets awaiting payroll data. Technically, gold holds between $4,450–$4,600 and silver between $72–$78.50.”
Also read: Want to exchange old gold for new jewellery? Beware of these taxes
Gold prices today (Tuesday, June 3, 2026)
Check out the latest prices of the yellow metal from top jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas across New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore and Bengaluru.
You can also find the latest retail prices for gold and silver jewellery at IBJA.
22k gold price at Tanishq today
As of June 3, 2026, Tanishq's price for 22k gold jewellery is Rs 14,365 per gram across New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore and Bengaluru. On June 2, 2026, the same variety of gold was priced at the same rate of Rs 14,365.
22k gold price at Kalyan Jewellers today
As of June 3, 2026, Kalyan Jewellers’ price for 22k gold jewellery is 14,320 per gram across New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore and Bengaluru. On June 2, 2026, the 22k gold rate at the same brand was Rs 14,320.
Also read: Anxious with news of RBI selling gold? Here's the fact and what should you do
22k gold rate at Joyalukkas today
As for Joyalukkas, the current rate for 22k gold jewellery is Rs 14,320 per gram as of June 3, 2026, in the same cities mentioned above. The price of the same variety of gold on June 2, 2026, was Rs 14,320.
22k gold price at Malabar Gold & Diamonds
The current price for 22k gold jewellery at Malabar Gold & Diamonds' is Rs 14,320 per gram as of June 3, 2026, in the same cities mentioned above. The price of 22k gold on June 2, 2026, was Rs 14,320.
Note: All rates are updated as per jewellery brands' respective websites at 2:27 pm, June 3, 2026. The rates may change during the day and can vary depending on a state, tax structure and other applicable charges.
IBJA indicative retail selling rates for gold and silver jewellery – June 3, 2026 (PM rates)
Fine Gold (999) Rs 15,526 per gram
22 KT Gold Rs 15,154 per gram
20 KT Gold Rs 13,819 per gram
18 KT Gold Rs 12,576 per gram
14 KT Gold Rs 10,015 per gram
Silver (999) Rs 2,62,000 per kg
IBJA’s indicative retail selling rates for gold jewellery (June 2 PM rates)
Fine Gold (999) Rs 15,629 per gram
22 KT Gold Rs 15,254 per gram
20 KT Gold Rs 13,910 per gram
18 KT Gold Rs 12,660 per gram
14 KT Gold Rs 10,081 per gram
Silver (999) Rs 2,65,300 per kg
BJA gold and silver rate comparison: June 3, 2026 (AM rate) vs June 2, 2026 (PM rate)
Metal/Purity
June 2, 2026 (PM) June 3, 2026 (AM) Change
Fine Gold (999) Rs 15,629/gm Rs 15,526/gm - Rs 103
22 KT Gold Rs 15,254/gm Rs 15,154/gm - Rs 100
20 KT Gold Rs 13,910/gm Rs 13,819/gm - Rs 91
18 KT Gold Rs 12,660/gm Rs 12,576/gm - Rs 84
14 KT Gold Rs 10,081/gm Rs 10,015/gm - Rs 66
Silver (999) Rs 2,65,300/kg Rs 2,62,000/kg - Rs 3,300
