Gold Rates Today (May 4, 2026):Gold prices in India witnessed a decline in the futures market, with MCX gold trading close to the ₹1.50 lakh per 10 grams mark on May 4, 2026. The price of bullion decreased because market sentiments turned negative when crude oil prices rose and global economic conditions deteriorated.
Current market data shows that MCX Gold June futures traded at ₹1,50,300 per 10 grams which represented a decline of more than ₹1000 during the trading day.
Gold Rates Today (May 4, 2026)
- MCX Gold (June Futures): ~₹1,50,300/10 gm
- Previous close: ~₹1,51,300 levels
- Recent range: ₹1.49 lakh – ₹1.51 lakh
This confirms that gold has slipped toward ₹1.50 lakh, extending losses from recent highs above ₹1.51 lakh.
Gold Price in India
Retail gold prices in India remain relatively stable despite volatility in futures:
- 24K gold: ~₹15,093 per gram (₹1,50,930 per 10 gm)
- 22K gold: ~₹13,835 per gram (₹1,38,350 per 10 gm)
IBJA and jewellers’ data also show prices hovering in a similar range across major cities, indicating steady demand in the physical market.
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Global Gold Prices Today
In the international market, gold prices also remained under pressure:
- Spot gold: Around $4,600–$4,650 per ounce
- Recent levels: ~$4,613/oz amid inflation concerns
Recent Performance
Gold has fallen between 20 and 22 percent from its peak value of approximately ₹1.94 lakh which it reached in 2026. Current prices are trading between ₹1.50 lakh and ₹1.51 lakh. Market conditions experience volatility because international factors produce unpredictable price fluctuations.
Expert Outlook: Should You Buy Gold Now?
Market experts state that gold will stay within a specific price range because of three main factors which include persistent inflation concerns and high crude oil prices and the hawkish stance of global central banks.
“Gold prices have remained largely range-bound with slight pressure seen due to persistent inflation concerns and expectations of higher interest rates, although geopolitical tensions continue to provide downside support,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
The market support level exists between ₹1.48 and ₹1.49 lakh. The market experiences resistance at a level of approximately ₹1.52 lakh.
“Gold prices trade lower, continuing last week’s fall, hovering near one-month lows, as strength in the dollar and surging oil prices continued to weigh on sentiment,” Manav Modi, Commodities Analyst, Motilal Oswal Financial Services Ltd, said.
The medium-to-long-term gold market outlook shows positive trends because geopolitical tensions need to decrease and interest rates must decrease.
