Gold, Silver Prices Today, September 4: Check 24K, 22K Gold and 999 Silver Rates

Gold prices edged lower in India’s retail market on Friday, while silver also declined. Here are the latest rates for Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai.

Gold and silver prices today, September 4: Precious metal prices moved lower in India’s retail market on Friday, with both gold and silver recording modest declines.

The latest domestic rates show 24K gold at around ₹1,55,187 per 10 grams, down ₹614 or 0.39%, while 999 silver stood at ₹2,35,000 per kg, a decline of ₹1,072 or 0.45%.

International markets remained closely focused on US economic data and expectations surrounding the Federal Reserve’s interest-rate decisions.

Gold Prices Today in India

Gold is generally traded in different purity levels, with 24K gold representing the highest commonly traded purity, while 22K gold is widely used for jewellery because its composition makes it more durable.

Here are the reported retail rates across major Indian cities on September 4.

Also Read | SEBI May Revise Derivatives Settlement Price Rules After CAS Feedback

Rates are based on the figures provided and may vary between jewellers and locations.

Delhi Gold and Silver Rates

In New Delhi, the 24K gold rate was reported at ₹1,54,880 per 10 grams.

The 22K rate stood at ₹1,41,973 per 10 grams, while 999 fine silver was priced at ₹2,39,750 per kg.

Mumbai Gold and Silver Rates

Mumbai recorded a 24K gold rate of ₹1,55,150 per 10 grams.

The corresponding 22K rate was ₹1,42,221 per 10 grams, while 999 silver stood at ₹2,40,160 per kg.

Bengaluru Gold and Silver Rates

In Bengaluru, 24K gold was priced at approximately ₹1,55,270 per 10 grams.

The 22K rate was ₹1,42,331 per 10 grams, while 999 fine silver was quoted at ₹2,40,350 per kg.

Kolkata Gold and Silver Rates

Kolkata’s 24K gold rate stood at ₹1,54,940 per 10 grams.

The 22K gold price was ₹1,42,028 per 10 grams, while 999 silver was priced at ₹2,39,850 per kg.

Hyderabad Gold and Silver Rates

In Hyderabad, 24K gold was reported at ₹1,55,390 per 10 grams.

The 22K rate stood at ₹1,42,441 per 10 grams, while 999 silver was priced at ₹2,40,250 per kg.

Chennai Gold and Silver Rates

Chennai recorded the highest 24K gold rate among the cities listed, at ₹1,55,600 per 10 grams.

The 22K gold rate was ₹1,41,387 per 10 grams, while 999 fine silver stood at ₹2,38,250 per kg.

MCX Gold and Silver Rates Today

Gold and silver were also trading lower on the Multi Commodity Exchange (MCX) during the morning session.

MCX gold was down around 0.38% at ₹1,55,610 per 10 grams, while MCX silver futures were approximately 0.59% lower at ₹2,40,560 per kg around 9:13 am.

What Is Driving Gold Prices?

International gold prices remained relatively steady as investors awaited key US employment data for clues about the Federal Reserve’s future interest-rate decisions.

Also Read | SEBI May Revise Derivatives Settlement Price Rules After CAS Feedback

Spot gold was reported at around $4,477.10 per ounce in early trading.

Gold had gained around 2% during the previous session after traders reduced expectations of a September rate hike. Comments from Federal Reserve Governor Christopher Waller also contributed to changing expectations around US monetary policy.

Geopolitical uncertainty and developments involving the US and Iran were also among the factors influencing market sentiment.

Gold and Silver Outlook

For Indian buyers, domestic gold and silver prices can change due to movements in international bullion prices, currency fluctuations, global interest-rate expectations and local market conditions.

The rates listed above represent the figures supplied for September 4 and may change during the day as market conditions move.

FAQ

What is the 24K gold price today in Delhi?

The reported 24K gold rate in Delhi on September 4 is ₹1,54,880 per 10 grams.

What is the 22K gold price today in Mumbai?

The 22K gold rate in Mumbai is reported at ₹1,42,221 per 10 grams.

What is today’s silver price in India

The supplied overall retail rate is ₹2,35,000 per kg for silver, although city-wise rates vary.

What is the MCX gold price today?

MCX gold was trading around ₹1,55,610 per 10 grams, down approximately 0.38% in the reported morning session.

What is the MCX silver price today?

MCX silver futures were trading around ₹2,40,560 per kg, down approximately 0.59% at around 9:13 am.

Why do gold prices change every day?

Gold prices can be influenced by international bullion prices, currency movements, interest-rate expectations, geopolitical developments and domestic market conditions.

Is 24K gold the same as jewellery gold?

24K gold has higher purity and is generally softer. 22K gold is commonly preferred for jewellery because it is more durable.

Also Read | SEBI May Revise Derivatives Settlement Price Rules After CAS Feedback

The post Gold, Silver Prices Today, September 4: Check 24K, 22K Gold and 999 Silver Rates first appeared on informalnewz.

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