Gold prices rose by ₹926 to ₹1.59 lakh per 10 grams in futures trading on Thursday, June 4, 2026, as traders made fresh purchases amid geopolitical uncertainties and steady overseas market trends.
On the Multi Commodity Exchange, the August delivery contract for the metal increased by ₹926, or 0.58 percent, reaching ₹1,59,445 per 10 grams.
Analysts attributed renewed interest in precious metals to ongoing geopolitical concerns and lower crude oil prices, which supported gold sentiment.
“Gold prices showed a positive trend in the domestic markets on Thursday primarily driven by a combination of geopolitical tensions and a decline in crude oil prices,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk.
Investors are turning to safe-haven assets such as gold amid global market uncertainties, he noted.
In international markets, Comex gold futures for August delivery advanced by $32.55, or nearly 1 percent, to $4,499.45 per ounce in New York.
Gold moved above $4,470 per ounce globally, gaining nearly 1 percent on Thursday after Israel and Lebanon reached a conditional ceasefire agreement that eased risk sentiment, according to brokerage Kotak Neo.
However, reports of Israeli strikes in southern Lebanon hours after the announcement limited gains in bullion prices.
Market participants await comments from Federal Reserve Governor Michelle Bowman and U.S. unemployment claims data for further signals on interest rate paths and near-term bullion direction, the brokerage added.
