Gold prices remained under pressure on June 4 as weakness in global bullion markets and easing safe-haven demand weighed on domestic rates. The decline has brought some relief for jewellery buyers and investors who were waiting for prices to cool after months of strong gains.

According to the latest market data, the price of 24-carat gold in several major Indian cities has fallen significantly, while 22-carat gold rates have also witnessed a downward movement. Analysts attribute the correction to developments in international markets, changing interest rate expectations, and reduced investor demand for safe-haven assets.

Why Are Gold Prices Falling?

Gold prices often react to global economic and geopolitical developments. Recent weakness in international bullion markets has put pressure on domestic prices as well.

Market experts point to several factors behind the decline:

• Softening global gold prices
• Profit-booking by investors after recent highs
• Changing expectations regarding interest rates
• Reduced demand for safe-haven assets
• Strength in certain global financial markets

Since India imports a large portion of its gold requirements, international price movements have a direct impact on domestic bullion rates.

Latest Gold Rates in Major Indian Cities

The following are the latest gold prices reported on June 4:

Note: Gold prices may vary slightly depending on local taxes, jeweller premiums, and regional market conditions.

What Does This Mean for Buyers?

The recent correction may offer a favorable opportunity for consumers planning jewellery purchases, especially with the wedding and festive seasons approaching in various parts of the country.

Financial planners, however, advise investors not to make decisions based solely on short-term price movements. Gold continues to play an important role as a diversification tool within an investment portfolio.

RBI Clarifies Position on Gold Reserves

Meanwhile, speculation regarding the sale of India's gold reserves was recently addressed by the Reserve Bank of India.

The central bank clarified that its physical gold holdings remain unchanged and denied reports suggesting a major sale of gold reserves.

According to official data, the RBI's gold reserves stood at approximately 880.522 tonnes. The central bank also noted that gold continues to represent an important component of India's foreign exchange reserve portfolio.

As of late May 2026, gold accounted for a significant share of the country's overall foreign exchange reserves, reflecting its strategic importance in reserve management.

Global Gold Market Remains in Focus

International bullion prices continue to influence domestic gold trends. Investors worldwide are closely tracking:

• Central bank policy decisions
• Inflation trends
• Geopolitical developments
• Currency movements
• Global economic growth indicators

Any major change in these factors could impact gold prices in the coming weeks.

Should Investors Buy Gold Now?

Market experts suggest that gold should be viewed as a long-term wealth preservation asset rather than a short-term trading instrument.

Investors considering fresh purchases may benefit from a staggered investment approach, such as:

• Sovereign Gold Bonds (when available)
• Gold ETFs
• Gold mutual funds
• Physical gold purchases in phases

This strategy can help reduce the impact of price volatility.

Final Takeaway

Gold prices have extended their recent decline, offering some relief to consumers and investors. With 24-carat gold trading around ₹1.56 lakh per 10 grams in several major cities, buyers may find current levels attractive compared to recent peaks.

However, as global market conditions remain uncertain, investors should focus on long-term asset allocation and diversification rather than attempting to time short-term price movements.