Gold, silver rate today, October 4: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 75,601 per 10 gm.
Gold and silver rates today, October 4
The 24-carat gold rate in India was Rs 76,140 per 10 grams on October 4. The rate for 24-carat gold per gram is Rs 7,614. The rate of 22-carat gold was Rs 69,795 per 10 grams.
The rate of 24-carat gold has fallen by 0.63% in the last one week, and the yellow metal has risen by 1.63% in the last ten days. The silver is currently quoted at Rs 92,770 per kilogram.
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Experts on Gold Outlook
Commenting on the gold outlook Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas said that Gold is under pressure on rebounding US yields and firmer Dollar as the US ADP data released yesterday came in at 143K Vs the forecast of 120K. Fed’s Barking leaning towards 25 bps rate cut in his yesterday’s speech and lack of any major escalations in Middle East after Iran firing ballistic missiles on Israel are also weighing on the metal.
Singh also added that Gold is expected to remain on defensive unless US ISM services data disappoint or there is fresh escalation in the ongoing Middle East conflict. The support is at $2620. Resistance is at $2675/$2685/$2700, with Buying the dips strategy will be the approach with a possible target of $2700 remains the preferred option in short term.
Gold rate in Mumbai on October 4
The glittering metal was quoted for a price of Rs 76,140/10 grams in Mumbai on October 04. On October 03, the price of gold was Rs 76,250/10 grams. Seven days back, on September 26, gold was trading for Rs 75,660/10 grams.
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Silver rate in Mumbai on October 4
The shining metal silver was selling for a rate of Rs 92,770/Kg on October 04 in Mumbai. Whereas on October 03, the metal was priced at Rs 91,280/Kg and a week ago the price was Rs 92,470/Kg.
Gold rate in Kolkata on October 4
As the Durga Puja starts, Gold and silver rates are in focus in Kolkata. In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 76,040/10 grams, today, October 04. The glittering metal was selling for Rs 76,150/10 grams on October 03 and was quoting for Rs 75,560/10 grams last week.
Silver rate in Kolkata on October 4
The silver rate in Kolkata today was Rs 92,640/Kg. The price of silver was Rs 91,160/Kg on October 03. Last week, the price was trading at Rs 92,350/Kg.
Gold rate in Delhi on October 4
Diwali is just 3 weeks away and people in North India prefer shopping jewellery and ornaments during winter festivities. On October 03, the gold was trading at a price of Rs 76,010/10 grams.
The gold was quoted at Rs 76,150/10 grams on Thursday, October 03. While the price of the 999 gold was selling for a price of Rs 75,530/10 grams a week ago.
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Silver rate in Delhi on October 4
In Delhi, the silver was priced at Rs 92,610/Kg on October 04. The price of silver was Rs 91,120/Kg on October 03. The price of silver was quoted at Rs 92,610/Kg last week.
Gold rate in Chennai on October 4
The gold rate in Chennai was Rs 76,370/10 grams today, October 04. On Thursday 03-10-2024 the gold rate was quoted at Rs 76,470/10 grams. On September 26 or a week ago, the price of gold was Rs 75,880/10 grams in Chennai.
Silver rate in Chennai on October 4
The silver rate in Chennai today, October 04, is Rs 93,040/Kg. On October 03, the price of silver at Rs 91,530/Kg. The silver in Chennai was available to the customers for a price of Rs 92,740/Kg a week ago.
MCX Futures on October 4
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 75,601 per 10 gm, a fall of Rs 65. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 92,870 per kg, an increase of Rs 1495.
