Gold Price Falls In India: Check 22 Carat Rate In Your City On May 4
Gold Rate Today In India: On May 4, 2024, gold prices continue to decline in India, even as geopolitical tensions ease. The price for 10 grams remained close to Rs 71,720. A thorough analysis of the market revealed that the average price for 10 grams of 24-carat gold was approximately Rs 71,720, while 22-carat gold averaged around Rs 65,740.
At the same time, the silver market displayed an upward trend, reaching Rs 83,400 per kilogram.
Gold rate today in India: Retail gold price on May 4
Gold Rate Today In Delhi
As of May 4, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 65,890, whereas 10 grams of 24-carat gold is priced at around Rs 71,870.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 65,740, while the equivalent amount of 24-carat gold is valued at Rs 71,720.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 65,790, and for the same amount of 24-carat gold, it’s Rs 71,770.
Check gold rates today in different cities on May 4, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 66,140 | 72,150 |
| Kolkata | 65,740 | 71,720 |
| Gurugram | 65,890 | 71,870 |
| Lucknow | 65,890 | 71,870 |
| Bengaluru | 65,740 | 71,720 |
| Jaipur | 65,890 | 71,870 |
| Patna | 65,790 | 71,770 |
| Bhubaneshwar | 65,740 | 71,720 |
| Hyderabad | 65,740 | 71,720 |
Multi Commodity Exchange
The MCX on Saturday, May 4, remained closed as it remains closed on Saturdays and Sundays.
International Gold Prices
In the international market, gold prices were down by 0.09 per cent at $2,302.20 an ounce in New York. However, silver prices fell 0.51 per cent at $26.61 an ounce.
Retail Cost of Gold
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The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
first published: May 04, 2024, 10:45 IST
