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Gold prices climbed by ₹926 to ₹1.59 lakh per 10 grams successful futures commercialized connected Thursday (June 4, 2026), driven by caller buying by traders amid geopolitical uncertainties and a steadfast inclination successful the overseas markets.
On the Multi Commodity Exchange, the yellowish metallic for August transportation appreciated by ₹926, oregon 0.58%, to ₹1,59,445 per 10 grams.
Analysts said renewed capitalist involvement successful precious metals was driven by lingering geopolitical concerns and softer crude lipid prices, which improved sentiment towards golden prices.
"Gold prices showed a affirmative inclination successful the home markets connected Thursday chiefly driven by a operation of geopolitical tensions and a diminution successful crude lipid prices," Gaurav Garg, Research Analyst astatine Lemonn Markets Desk, said.
Investors are flocking to safe-haven assets specified arsenic golden amid uncertainties successful the planetary market, helium added.
In the planetary markets, Comex golden futures for August transportation gained by $32.55, oregon astir 1%, to $4,499.45 per ounce successful New York.
Gold rebounded supra $4,470 per ounce successful planetary markets, gaining astir 1% connected Thursday (June 4), aft Israel and Lebanon agreed to a conditional ceasefire, improving hazard sentiment, brokerage steadfast Kotak Neo said.
However, reports of Israeli strikes successful confederate Lebanon connected Thursday (June 4), hours aft an announcement betwixt Tel Aviv and Beirut, constricted the upside successful bullion prices.
Market participants are present awaiting comments from Federal Reserve Governor Michelle Bowman and U.S. unemployment claims information for caller cues connected the aboriginal interest-rate trajectory and near-term absorption of bullion prices, the brokerage steadfast added.
