Market News
3 min read | Updated on December 04, 2024, 10:00 IST
SUMMARY
In Delhi markets, 24K gold prices dropped by ₹450 to ₹77,990 per 10 grams and 22K gold by ₹420 to ₹71,460 per 10 grams. Silver prices remained flat at ₹90,900 per kg in major Indian cities in early trade on Wednesday on mixed cues.
Gold and Silver Price Today (December 4): Gold prices rise ₹450 on firm global trends
Gold prices strengthened by ₹450 per 10 grams in major Indian cities in early trade on Wednesday, December 4, on firm global trends. The precious metal moved in a tight range amid high US bond yields and political turmoil in South Korea.
Some wedding season demand in local markets also supported gold prices.
Spot gold gained 0.07% to $2,645 an ounce in early Asian trade. In overnight trade, the metal moved between $2,637 an ounce and $2,648 an ounce.
In Delhi markets, 24K gold prices dropped by ₹450 to ₹77,990 per 10 grams and 22K gold by ₹420 to ₹71,460 per 10 grams. The 24K Gold in Mumbai rose to ₹77,790 per 10 grams and 22K gold by ₹420 to ₹71,310 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹71,460 | ₹77,940 |
Mumbai | ₹71,310 | ₹77,790 |
Chennai | ₹71,310 | ₹77,790 |
Kolkata | ₹71,310 | ₹77,790 |
Silver prices remained flat at ₹90,900 per kg in major Indian cities in early trade on Wednesday on mixed cues. While a pickup in metal prices following positive Chinese PMI data supported the white metal, weak local demand capped gains.
Spot silver dropped 0.20% to $30.97 an ounce in global markets. In overnight trade, the metal hit a high of $31.11 an ounce and a low of $30.91 an ounce.
City | Silver Price (per kg) |
---|---|
Delhi | ₹90,900 |
Mumbai | ₹90,900 |
Chennai | ₹99,400 |
Kolkata | ₹90,900 |
Gold prices snapped a three-day falling streak on Wednesday amid political turmoil in South Korea. Firm US dollar and bond yields capped gains. Silver prices took support from positive Chinese PMI data, while weak local demand and global trends weighed on sentiment.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Dec 4 | ₹71,310 | ₹77,790 | ₹90,900 |
Dec 3 | ₹70,890 | ₹77,340 | ₹90,900 |
Dec 2 | ₹71,490 | ₹77,990 | ₹91,400 |
Nov 30 | ₹71,500 | ₹78,000 | ₹91,500 |
Nov 29 | ₹70,890 | ₹77,340 | ₹89,400 |
Nov 28 | ₹71,060 | ₹77,520 | ₹89,400 |
Nov 27 | ₹70,790 | ₹77,230 | ₹89,400 |
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