Gold prices have inched upwards, catching the eye of investors and jewellery enthusiasts alike. As the precious metal continues to shine in the market, let's delve into the latest rates across major Indian cities and uncover the factors behind this golden trend.
Gold Rate Today October 4, 2024
According to Business Standard, Friday saw a subtle yet significant increase in gold prices. The cost of 24 carat gold climbed to Rs.7,773.3 per gram, marking a Rs.100 rise. Meanwhile, 22 carat gold followed suit, reaching Rs.7,127.3 per gram after a Rs.90 jump. This upward movement comes as a welcome change for gold aficionados, with the precious metal showing a 0.73% increase over the past week. However, it's worth noting that the monthly outlook paints a different picture, with a 4.81% decrease observed over the last 30 days.
Gold Rate Today City-wise October 4, 2024
| City | Gold Rate |
| Delhi | ₹77,733 |
| Chennai | ₹77,581 |
| Mumbai | ₹77,587 |
| Kolkata | ₹77,585 |
| Bangalore | ₹77,560 |
Gold Rate In Delhi
The heart of India sees gold prices reaching new heights. Today's rate in Delhi stands at a whopping ₹77,733 for 10 grams. This marks a significant jump from yesterday's ₹77,073 and last week's ₹77,633.
Gold Rate In Chennai
The southern metropolis isn't far behind. Chennai's gold rate today is ₹77,581 for 10 grams, up from yesterday's ₹76,921 and last week's ₹77,481.
Gold Rate In Mumbai
The financial capital of India reports a gold price of ₹77,587 for 10 grams today. This is a noticeable increase from yesterday's ₹76,927 and last week's ₹77,487.
Don't Miss:5 Best Short-Term Investment Options With High Returns According To Experts: Money Matters
Gold Rate In Kolkata
The City of Joy joins the golden rally with today's price at ₹77,585 for 10 grams. This is up from yesterday's ₹76,925 and last week's ₹77,485.
Gold Rate Bangalore
The tech hub isn't just about zeros and ones. Bangalore's gold prices shine at ₹77,560 for 24 Karat and ₹71,100 for 22 Karat gold.
Silver Rate Today October 4, 2024
It's not just gold that's grabbing attention. Silver, often considered gold's more affordable cousin, has also seen an uptick. Business Standard reports that silver prices have risen by Rs.100, now standing at Rs.98,100 per kilogramme. This parallel increase in both metals suggests a broader trend in the precious metals market.
A myriad of factors, including global demand, currency fluctuations, interest rates, and government policies influence gold and silver prices. According to Business Standard, the input from major jewellers also plays a significant role in determining these prices. Additionally,
international factors such as the state of the global economy and the strength of the US dollar against other currencies significantly impact gold rates in the Indian market.
As investors look for safe-haven assets amid economic uncertainty, fluctuations in equity markets often lead to increased interest in gold as a reliable investment option.
Don't Miss:Navratri Day 2: Do These Maa Brahmacharini Remedies To Get Rid Of Mangal Dosh
For more such stories, stay tuned to HerZindagi
Herzindagi.com is Jagran New Media's gender and lifestyle vertical, catering to women of all age groups, helping them remain updated, on-trend and aware. To improve our performance and understand our readers' interests better, we have created this poll. This will take 2 minutes of your time, do help us out with this link.
Image Courtesy: Freepik
Take charge of your wellness journey—download the HerZindagi app for daily updates on fitness, beauty, and a healthy lifestyle!
Comments
All Comments (0)
Join the conversation