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Gold And Silver Prices Today On June 4, 2024: Check Rates In Your City

MCX silver futures, maturing on July 5, 2024, rose by Rs 475 or 0.52 percent, retailing at Rs 92,045 per kg against the previous close of Rs 91,570.

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Gold And Silver Prices Today On June 4: On Tuesday, June 4, 2024, both gold and silver prices increased on the Multi Commodity Exchange (MCX).

On the MCX, gold futures, maturing on August 5, 2024, were trading at Rs 72,211 per 10 grams, up Rs 8 or 0.01 percent from the previous close.

MCX silver futures, maturing on July 5, 2024, rose by Rs 475 or 0.52 percent, retailing at Rs 92,045 per kg against the previous close of Rs 91,570.

Gold And Silver Prices Today On June 4, 2024: Check Rates In Your City

CITY GOLD (per 1 gram, 22 carats) SILVER (per kg)
NEW DELHI Rs 6,624 Rs 92,700
MUMBAI Rs 6,609 Rs 92,700
KOLKATA Rs 6,609 Rs 92,700
CHENNAI Rs 6,665 Rs 97,200

Gold and silver prices in India are affected by several factors, including the rupee’s value against the dollar and global demand.

Other than its intrinsic value, several factors determine the retail price of gold in India. It reflects the final cost per unit weight for consumers.

It is an essential part of Indian culture and plays an important role in traditional weddings and festivals.

Investors and traders closely monitor the ongoing market fluctuations. Stay tuned for more updates.

Qureshi recommended buying gold August futures on dips at 72,200, keeping a stop loss at Rs 71,800 and a target price of Rs 72,700.

She recommended buying silver July futures on dips at Rs 92,000, with a stop loss of Rs 91,000 and a target of Rs 94,000.

In the international market, COMEX gold was down 0.13 percent at $2,366.3 per ounce. The spot gold market is expected to trade positively, but gains in domestic prices may be trimmed if the domestic currency appreciates after the Lok Sabha election results, said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.

Also Read: Gold And Silver Prices Today On June 3, 2024: Check Rates In Your City

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