03 June,2026 11:45 AM IST | Mumbai | mid-day online correspondent
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Gold prices witnessed a notable increase in Mumbai on June 3, 2026, continuing the upward trend seen over the past two trading sessions. The precious metal gained strength across all purity categories, with 24-carat, 22-carat, and 18-carat gold registering higher prices compared to the previous day.
As per the latest market rates, 24-carat gold in Mumbai was priced at Rs 15,542.33 per gram, up by Rs 46.85 from Tuesday's rate of Rs 15,495.48 per gram. Similarly, 22-carat gold climbed to Rs 14,236.77 per gram, marking an increase of Rs 42.91 from the previous day's level of Rs 14,193.86. Meanwhile, 18-carat gold rose by Rs 35.14 to reach Rs 11,656.74 per gram.
For larger quantities, the gains were more pronounced. Ten grams of 24-carat gold cost Rs 1,55,423.27, while 100 grams were valued at Rs 15,54,232.70. Likewise, 10 grams of 22-carat gold were priced at Rs 1,42,367.71, and 100 grams stood at Rs 14,23,677.10. The rate of 10 grams of 18-carat gold reached Rs 1,16,567.45.
The latest rise follows a strong rally recorded on June 2, when gold prices had already increased sharply. On that day, 24-carat gold had gained Rs 87.09 per gram, while 22-carat gold rose by Rs 79.77 per gram. This comes after a brief correction witnessed on June 1, when both 22-carat and 24-carat gold prices declined by Rs 162.29 and Rs 177.18 per gram respectively.
The three-day trend indicates renewed buying interest in the yellow metal after the temporary dip at the beginning of the month. Market experts attribute the rise in domestic gold prices to a combination of firm international gold prices, fluctuations in the rupee-dollar exchange rate, and sustained demand from investors seeking safe-haven assets amid global economic uncertainties.
Jewellers in Mumbai are also witnessing steady demand from consumers despite the elevated prices, particularly from those making advance purchases for weddings and upcoming festive occasions.
