Gold and Silver Prices on April 4: Flat Gold, Major Silver Drop Amid Ongoing Conflict
Gold, silver rate today, 4 April: Check live price of 24 kt, 22 kt, 18 kt gold and 10 gm, 100 gm, 1 kg silver
Mint
Image: Mint
On April 4, gold prices remained stable at ₹1,49,650 per 10 grams, while silver prices experienced a significant decline of 4.5%, closing at ₹2,32,600 per kg. The fluctuations in precious metal prices are attributed to ongoing geopolitical tensions in the Middle East, affecting supply chains and market stability.
- 01Gold prices closed at ₹1,49,650 per 10 grams, 17% below record highs.
- 02Silver prices fell by ₹10,901 or 4.5% to ₹2,32,600 per kg.
- 03Geopolitical tensions in the Middle East are impacting market stability.
- 04Gold is predicted to potentially gain 2.2% weekly due to US jobs data.
- 05City-wise gold and silver rates vary slightly across major Indian cities.
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On April 4, gold prices in India were stable, closing at ₹1,49,650 per 10 grams, which is 17% lower than the record high of ₹1,80,779. In contrast, silver prices saw a sharp decline, dropping by ₹10,901 or 4.5% to ₹2,32,600 per kg. This volatility is largely attributed to the ongoing US-Israeli conflict with Iran, which has created significant supply constraints and affected both oil and precious metals markets. Despite the current stability in gold prices, experts suggest a potential 2.2% weekly gain for gold driven by favorable US jobs data. City-wise, gold rates vary slightly, with Delhi reporting ₹1,49,220 for 24 karat gold and Mumbai at ₹1,49,480. Silver prices also vary across cities, with rates for 10 grams ranging from ₹2,325 in Delhi to ₹2,336 in Chennai.
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The decline in silver prices may affect consumers and industries reliant on silver, potentially leading to higher costs for jewelry and electronics.
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