Gold is back on the rise. After a few days of ups and downs, the precious metal saw a decent bump today, Monday, June 2. People in India still hold gold close to their hearts, not just as an investment, but as something more, something emotional. Weddings, festivals, family traditions, gold finds a place in everything. And when prices move, people notice.
Gold Prices See a Jump After Recent Dip
You are aware of the recent volatility in gold prices if you have been keeping an eye on them. Just a couple of days ago, gold dipped, and folks were wondering if it would drop more. However, it surprised everyone once more this morning. Around 10 AM, gold was trading at ₹95,673 per 10 grams on MCX. That’s a ₹408 jump from the last price. Earlier in the day, it dipped briefly to ₹95,660 and then bounced back, hitting a high of ₹95,866. So yes, gold is climbing again, slowly but surely.
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How Much Is 24-Carat Gold Today on MCX?
Today, if you’re checking gold rates, especially 24-carat, which most people prefer for purity, it’s around ₹95,673 per 10 grams. MCX (Multi Commodity Exchange) is the place to watch for these numbers. It’s where traders, jewellers, and even small investors keep an eye on trends. The rate does shift through the day, but that’s the average morning update.
Silver Price Update: Marginal Rise Recorded
Now, what about silver? Silver is steadily rising as well, but gold is taking center stage. At 10:04 AM, the rate was ₹97,376 per kilo. That’s not a massive leap, but it’s still up from earlier. It dipped to ₹97,122 at one point but also touched ₹97,400, so it’s been wiggling around a bit.
Price Comparison: What Were the Rates on May 30?
Just for comparison, on May 30, last Friday, gold was actually higher. It traded at ₹95,990, meaning it fell ₹693 that day. Silver also dropped, down by ₹872, trading at ₹97,252. So even though today’s rates are better than the weekend dip, they’re still a bit behind that Friday peak.
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Expert Advice: Silver May Offer Better Returns Than Gold
Commodity expert Ajay Kedia had something interesting to say. He thinks silver is the better pick right now. Why? Because silver has outperformed gold in terms of returns lately. He also warned that gold might see a 12–14% correction. That could mean prices drop to ₹85,000 per 10 grams in the coming months. So if you’re thinking long-term, maybe silver’s your friend.