Gold Rate and Silver Price Today, December 4, 2024: Check Latest Rates in India – India **Gold and silver** prices in India showed mixed trends today, December 4, 2024, reflecting changes in international markets and domestic demand. Here’s a detailed look at the latest prices:
Gold Rates Today
- 24K Gold Price:
- The price of 24-karat gold increased slightly, trading at ₹60,500 per 10 grams in major cities.
- 22K Gold Price:
- 22-karat gold was priced at ₹55,400 per 10 grams, remaining stable compared to the previous day.
- City-Wise Gold Rates:
- Delhi: ₹60,550 (24K) | ₹55,450 (22K)
- Mumbai: ₹60,500 (24K) | ₹55,400 (22K)
- Chennai: ₹60,800 (24K) | ₹55,700 (22K)
- Kolkata: ₹60,500 (24K) | ₹55,400 (22K)
Silver Prices Today
- Per Kilogram:
- Silver prices saw a marginal dip, trading at ₹73,200 per kilogram.
- City-Wise Silver Rates:
- Delhi: ₹73,250 per kg
- Mumbai: ₹73,200 per kg
- Chennai: ₹73,500 per kg
- Kolkata: ₹73,200 per kg
Key Factors Affecting Prices
- Global Market Trends:
- Gold prices on the international market were affected by concerns over potential interest rate hikes by the US Federal Reserve. Spot gold held steady at $2,040 per ounce.
- Rupee-Dollar Exchange Rate:
- A weaker rupee against the US dollar led to higher import costs for gold and silver, slightly impacting domestic prices.
- Seasonal Demand:
- The ongoing wedding season in India supported gold prices, keeping them stable despite global fluctuations.
Also Read: Rupee Hits Record Low of 84.76 Amid Dollar Strength and FII Outflows
Investment Insights
Gold remains a safe-haven asset for investors, especially during uncertain economic conditions. With a steady rise in prices, experts suggest diversifying portfolios to include precious metals for long-term gains.
Stay updated with the latest market trends for accurate investment decisions.
