Gold and Silver Rates Today (October 4, 2024) in these States
Gold and silver prices have shown some fluctuations today, October 4, across major Indian cities. Here’s a breakdown of the latest rates:
Gold Rates:
- 24-Carat Gold (per 10 grams): Rs 76,140
- 22-Carat Gold (per 10 grams): Rs 69,795
- 24-Carat Gold (per gram): Rs 7,614
In the past week, 24-carat gold prices have dropped by 0.63%, but in the last 10 days, gold has increased by 1.63%.
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Silver Rates:
- Silver (per kilogram): Rs 92,770
City-Wise Gold and Silver Rates:
Mumbai (October 4)
- Gold: Rs 76,140/10 grams
- Silver: Rs 92,770/Kg
Kolkata (October 4)
- Gold: Rs 76,040/10 grams
- Silver: Rs 92,640/Kg
Delhi (October 4)
- Gold: Rs 76,010/10 grams
- Silver: Rs 92,610/Kg
Chennai (October 4)
- Gold: Rs 76,370/10 grams
- Silver: Rs 93,040/Kg
Market Insights and Outlook:
Gold is currently under pressure due to rising U.S. yields and a stronger Dollar. According to experts, unless there is disappointing U.S. ISM services data or escalations in geopolitical tensions, gold might remain under pressure. Resistance levels are expected at $2675-$2700, with buying opportunities on Quoting by this financial express.com
MCX Futures (October 4):
- Gold MCX (October 2024 expiry): Rs 75,601/10 gm (down by Rs 65)
- Silver MCX (December 2024 expiry): Rs 92,870/kg (up by Rs 1,495)
This information highlights the current trends in the gold and silver markets and provides valuable insights for buyers during the festive season.