Gold Rate Today on 4 June 2026: MCX Gold Climbs Above Rs 1.59 Lakh Per 10 Grams
Gold rate today on 4 June 2026:
MCX June futures +0.42% at Rs 1,59,339 per 10 gram. 24K Delhi Rs 1,59,530 | Mumbai Rs 1,59,380 | Chennai Rs 1,61,240. Dollar weaker. Crude -5.47% to $97.88.
MCX gold on 4 June 2026 has recovered above the Rs 1.59 lakh mark on the Multi Commodity Exchange (MCX), with June futures advancing 0.42% to Rs 1,59,339 per 10 grams, reversing yesterday’s decline when ceasefire hopes between the US and Iran dimmed and pushed the gold rate below Rs 1.59 lakh on MCX. Today’s recovery has two concurrent tailwinds: a weakening US dollar and a retreat in crude oil prices, with Brent crude falling over 5.47% to $97.88 per barrel as markets price in increasing optimism around a potential US-Iran peace agreement. In international markets, spot gold is trading around $4,475-4,485 per ounce today.
City-wise prices on June 4 reflect this MCX recovery:
24K gold stands at Rs 1,59,530 per 10 gram in Delhi, Rs 1,59,380 in Mumbai and Kolkata, and Rs 1,61,240 in Chennai. MCX gold remains near record territory, having surged over 66% year-on-year since June 2025 as the US-Iran conflict drove safe-haven demand across global bullion markets. Gold has been one of the best-performing assets of 2026, and today’s prices continue to reflect the extraordinary macro environment investors are navigating.
Central banks globally have been net buyers of gold for the third consecutive year. According to World Gold Council estimates, central banks purchased approximately 1,000 tons of gold in 2025, with India’s RBI among active buyers. This structural central bank demand underpins prices at current levels and provides a longer-term support that is independent of short-term geopolitical news flow. For retail investors in India, gold and gold ETFs remain the most accessible forms of gold investing, with gold mutual funds and sovereign gold bonds providing tax-efficient alternatives to physical gold. The gold savings scheme at jewellers, which allows consumers to lock in current rates with small monthly investments, has seen increased interest as consumers seek to hedge future jewelery purchases at current elevated price levels.
Why Is the Gold Rate Rising Today? Three Key Drivers
The gold rate today on 4 June 2026 is advancing for three specific reasons. First, optimism around a potential US-Iran peace accord is the primary macro catalyst: reports of diplomatic channels opening between Washington and Tehran have caused crude oil prices to retreat sharply, with Brent crude falling over 5.47% to $97.88 per barrel. When oil prices fall on geopolitical risk reduction, the inflationary pressure on economies that had driven gold’s safe-haven demand eases, and gold typically corrects. However, this session the gold rate today is rising rather than falling, because the dollar is simultaneously weakening on the same peace deal hopes, and a weaker dollar is more powerful a support for the gold rate today than decreased geopolitical risk is a headwind.
Second, the gold rate today is supported by a weakening US dollar. The dollar index is declining on the US-Iran peace optimism, as risk sentiment improves and investors decrease their safe-haven dollar allocations. A weaker dollar makes dollar-denominated gold cheaper for international buyers, boosting global demand and lifting the gold rate today. Third, the gold rate today has a domestic currency tailwind: the Indian rupee opened at Rs 95.70 per dollar on June 4, 1 paisa stronger than the previous session’s close of Rs 95.71, providing modest support to the domestic gold rate today.
Gold Rate Today vs Yesterday: What Changed on June 3?
To understand today’s price, it is important to note what happened on June 3. On June 3, 2026, gold dropped below Rs 1.59 lakh on MCX as ceasefire hope between the US and Iran dimmed amidst reports of renewed tensions. MCX gold fell approximately 1%, with June 5 maturity contracts struggling around Rs 1,54,500 per 10 grams, while August futures settled at Rs 1,59,306. Global spot gold had erased the $4,500 per ounce mark, trading between $4,475-4,485. June 4 represents a partial recovery: MCX June futures are at Rs 1,59,339, back above Rs 1.59 lakh, as fresh US-Iran peace deal signal gave MCX gold a positive session.
Commodity analysts note that the US-Iran conflict has created an asymmetric market dynamic for MCX gold since late February 2026. On days when ceasefire hopes improve, crude oil and the dollar both fall, creating a mixed signal for gold: lower inflation expectations from cheaper oil work against safe-haven demand, but a weaker dollar simultaneously boosting gold demand from international buyers. In most such sessions since the conflict began, the dollar-weakness channel has dominated, keeping MCX gold supported near the Rs 1.55-1.65 lakh range. The June 4 session is following this pattern: despite reduced geopolitical fear, the weaker dollar is the dominant driver of the MCX price movement today.
Gold rate in Gujarat on Thursday, Jun 04, 2026:
Today, the price of 24-carat Gold in Gujarat is ₹1,56,260 per 10 grams. A day earlier, on Jun 03, 2026, the rate standing at ₹1,56,260 per 10 grams. This means that compared to the previous day, the price of Gold in the city is equal to the previous day.
Gujarat Gold 22 carat Changes(Rs) GOLD 24 carat Changes(Rs)
Jun 03, 2026 ₹1,43,240
0 ₹1,56,260
0
Jun 02, 2026 ₹1,43,240
750 ₹1,56,260
820
Jun 01, 2026 ₹1,43,990
10 ₹1,57,080
10
May 31, 2026 ₹1,44,000
560 ₹1,57,090
610
May 30, 2026 ₹1,44,560
1470 ₹1,57,700
1600
May 29, 2026 ₹1,43,090
2050 ₹1,56,100
2230
May 28, 2026 ₹1,45,140
550 ₹1,58,330
600
May 27, 2026 ₹1,45,690
470 ₹1,58,930
510
May 26, 2026 ₹1,46,160
320 ₹1,59,440
340
May 25, 2026 ₹1,45,840
10 ₹1,59,100
10
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