Gold Prices Remain Steady Today, December 4: Check 24K & 22K Rates In Delhi, Mumbai & Other Cities

Gold Prices Remain Steady Today, December 4: Check 24K & 22K Rates In Delhi, Mumbai & Other Cities

Gold Rate Today, December 4: Gold prices remained flat on Wednesday, as traders await a rate cut by the US Federal Reserve next week. In Mumbai, the price of 24-carat gold stood at Rs 1,30,360 per 10 grams, while 22k gold was available at Rs 1,19,500 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,91,000 per kg in the spot market.

On the MCX, gold inched down marginally by 0.05% to trade at Rs 1,30,421 per 10 grams for the February 5 contracts, whereas silver was trading slightly higher by 0.03% to trade at Rs 1,82,408 per kg in the futures market in the morning trade.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 4?

Rahul Kalantri, vice-president (commodities) at Mehta Equities, said, “Gold and silver traded with sharp intraday volatility, rebounding from the day's lows but failing to sustain gains, ultimately closing flat. Precious metals inched toward fresh highs on Wednesday as market participants react to key U.S. economic data and rising geopolitical tensions. The ADP Non-Farm Employment Change report released yesterday came in well below expectations, with a significant miss that has fueled speculation about the Fed's next steps. The weak data pushed the dollar index below the 99 mark, giving additional momentum to precious metals. As economic uncertainty deepens amid rising geopolitical risks, investors continue to lean on gold's safe-haven strength. Today's U.S. PCE data will provide further direction to precious metals."

International market rates, import duties, taxes, and fluctuations in exchange 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.

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Source: News18
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