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Gold prices in India remained weak on August 4, with 24-carat gold at Rs 1,01,340 per 10 gram in Mumbai. Silver dipped to Rs 1,12,900 per kg.
Gold, Silver Prices Today, 22 carats, 24 carats
Gold Price Today In India, August 04: Gold prices remained weak on Monday morning across the major cities of India. In Mumbai, gold prices traded at Rs 1,01,340 per 10 gram for 24-carat gold. Likewise, the price for 22-carat at Rs 92,890 per 10 gram.
Silver price also saw a marginal fall to dip to Rs 1,12,900 per kg.
However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally higher by 0.43% at Rs 1,00,184 per 10 gram, whereas silver (expiring on September 5, 2025) traded 0.57% up at Rs 1,10,884 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 04?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,040 | Rs 1,01,490 |
| Jaipur | Rs 93,040 | Rs 1,01,490 |
| Ahmedabad | Rs 92,940 | Rs 1,01,390 |
| Patna | Rs 92,940 | Rs 1,01,390 |
| Mumbai | Rs 92,890 | Rs 1,01,340 |
| Hyderabad | Rs 92,890 | Rs 1,01,340 |
| Chennai | Rs 92,890 | Rs 1,01,340 |
| Bengaluru | Rs 92,890 | Rs 1,01,340 |
| Kolkata | Rs 92,890 | Rs 1,01,340 |
RBI MPC Meeting Kicks-Off
RBI August MPC meeting has kicked off today to discuss the repo rate cuts. The central bank will announce the decision on Friday, August 06 on the repo rate. In the last meet, RBI had unexpectedly slashed the repo rate by 50 bps to 5.50 per cent from earlier 6 per cent.
Meanwhile, new 25% tariffs on Indian goods with an additional penalty by President Donald Trump will come into effect from 25 per cent, impacting $ 87 billion trade dynamics with the US.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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