{"id":103480,"date":"2026-06-02T09:43:26","date_gmt":"2026-06-02T04:13:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=103480"},"modified":"2026-06-02T09:43:28","modified_gmt":"2026-06-02T04:13:28","slug":"gold-rate-today-mcx-rises-iran-hormuz-june-2-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gold-rate-today-mcx-rises-iran-hormuz-june-2-2026\/","title":{"rendered":"Gold Rate Today MCX Climbs Above Rs 1.59 Lakh per 10 Grams as Iran Suspends US Talks and Threatens to Close Strait of Hormuz"},"content":{"rendered":"
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Gold rate today MCX has risen above Rs 1,59,000 per 10 grams on June 2, 2026, recovering sharply from June 1’s close of approximately Rs 1,54,927 as Iran suspended communications with Washington and raised the threat of fully closing both the Strait of Hormuz and the Bab el-Mandeb Strait. Brent crude oil surged 5% to above $95 per barrel.<\/em><\/p>\n

The gold rate today MCX has surged above Rs 1,59,000 per 10 grams on June 2, 2026, a sharp recovery from the June 1 close of approximately Rs 1,54,927 for the June futures contract. The gold rate today MCX is being driven higher by a dramatic escalation in US-Iran tensions: Iranian media reported that Tehran suspended communications with Washington in response to Israeli strikes in Lebanon over the weekend, and Iran indicated it was considering the full closure of both the Strait of Hormuz and the Bab el-Mandeb Strait, a second critical shipping chokepoint that serves as an alternative routing from the Gulf to global markets. These developments sent Brent crude oil surging 5-7% to above $95 per barrel, simultaneously stoking geopolitical risk premiums in gold and driving safe-haven buying that pushed the gold rate today MCX sharply higher.<\/p>\n

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