Last Updated:
In Mumbai, the price of 24-carat gold stands at Rs 1,06,980 per 10 grams, while 22k gold is available at Rs 98,060 per 10 grams.
Gold Prices Today, September 4.
Gold & Silver Prices Today, September 4: Gold declined on Thursday, due to profit-taking after bullion scaled an all-time peak on expectations for a US interest rate cut, while investors looked forward to a key US jobs data due this week. The price of gold declined 1.22% to trade at Rs 1,05,890 per 10 grams, whereas silver fell by 1.57% to Rs 1,23,900 per kg in the futures market on the MCX in the early trade.
In Mumbai, the price of 24-carat gold stood at Rs 1,06,980 per 10 grams, while 22k gold was available at Rs 98,060 per 10 grams. Silver was available at Rs 1,27,100 per kg. The prices do not include GST and making charges.
“We’ve seen a bit of profit-taking, but gold is still in a bull market at this point in time. Rate-cut expectations and worries over the Federal Reserve’s independence are going to add to safe-haven demand,” GoldSilver Central MD Brian Lan said, according to Reuters.
In the international market, US spot gold fell 0.3% at $3,546.73 per ounce, as of 0153 GMT. US gold futures for December delivery slipped 0.8% to $3,605.60. Bullion hit a record high of $3,578.50 on Wednesday.
Global gold prices have risen amid hopes of a rate cut by US Fed. Non-yielding gold typically performs well in a low-interest-rate environment.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 4?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 98,210 | Rs 1,07,130 |
| Jaipur | Rs 98,210 | Rs 1,07,130 |
| Ahmedabad | Rs 98,110 | Rs 1,07,030 |
| Patna | Rs 98,110 | Rs 1,07,030 |
| Mumbai | Rs 98,060 | Rs 1,06,980 |
| Hyderabad | Rs 98,060 | Rs 1,06,980 |
| Chennai | Rs 98,060 | Rs 1,06,980 |
| Bengaluru | Rs 98,060 | Rs 1,06,980 |
| Kolkata | Rs 98,060 | Rs 1,06,980 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
Read More