Gold, Silver Price Today (August 4): Gold prices in India sort of stayed largely steady on Tuesday, August 4 as people watched global bullion. The US dollar and what might happen with interest rates later on from big central banks. At home, retail prices kept drifting close to the record-ish zone and meanwhile traders were also checking the Multi Commodity Exchange (MCX) prices for signals.
Gold, Silver Price Today (August 4)
The latest indicative retail rates are:
- 24 Carat: ₹14,365
- 22 Carat: ₹13,169
- 18 Carat: ₹10,777
City-Wise Gold Rates Today
New Delhi
- 24K: ₹14,365/g
- 22K: ₹13,169/g
- 18K: ₹10,777/g
Mumbai
- 24K: ₹14,350/g
- 22K: ₹13,154/g
- 18K: ₹10,762/g
Chennai
- 24K: ₹14,350/g
- 22K: ₹13,154/g
- 18K: ₹10,969/g
- 24K: ₹14,350/g
- 22K: ₹13,154/g
- 18K: ₹10,762/g
Bengaluru
- 24K: ₹14,350/g
- 22K: ₹13,154/g
Hyderabad
- 24K: ₹14,350/g
- 22K: ₹13,154/g
Silver Rate Today
The latest silver prices are:
- Silver (1 gram): ₹218–₹220
- Silver (10 grams): ₹2,184
- Silver (1 kilogram): ₹2,18,400
Gold, Silver Rate Today August 3: Latest Prices, MCX Trends and Market Outlook
MCX Gold and Silver Update
On the Multi Commodity Exchange (MCX), bullion prices traded with mild volatility as investors assessed global economic cues.
- MCX Gold Futures: Trading around ₹1.42 lakh per 10 grams.
- MCX Silver Futures: Near ₹2.18 lakh per kilogram in early trade.
“Precious metals firmed on Monday, with spot prices trading marginally higher around USD 4,050 per ounce and silver near USD 58, supported by weakness in oil prices on easing geopolitical tensions after Trump cancelled fresh strikes against Iran”, said Kaynat Chainwala, AVP Commodity Research.
Should You Buy Gold Now?
Experts generally seem to think gold stays a solid long term hedge against inflation and wider economic uncertainty even if it can feel a bit odd at times. Still, since prices are currently sitting near record levels, many people might be better off with staggered buying rather than dropping one big lump sum all at once. In the near term, swings in the price will probably keep reacting to global economic signals and the things central banks say which is why timing can feel a little jumpy.
