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Gold rate today (4th June 2024): Prices Across Major Indian Cities

Gold rate today (4th June 2024): Prices Across Major Indian Cities
On Tuesday, gold rates saw a noticeable increase across India amid the election results. In Delhi, 10 grams of 24-carat gold would cost you ₹73,020 today. Meanwhile, on the MCX, gold contracts for June delivery traded higher ₹ 760 at ₹ 72,870 per 10 grams.

Here is an extensive daily list to give you the most recent information on gold prices in India's key cities.

Check gold rates in different cities on 3rd June 2024

City
22-Carat
24-Carat
Delhi
66,950
73,020
Mumbai
₹ 66,800
₹ 72,870
Kolkata
₹ 66,800
₹ 72,870
Chennai
₹ 67,450
73,580
Bengaluru
66,800
₹ 72,870
Hyderabad
66,800
72,870
Ahmedabad
66,850
72,920
Pune
₹ 66,800
₹ 72,870
Surat
₹ 66,850
₹ 72,920
Nagpur
66,800
₹ 72,870
Vijayawada
₹ 66,800
₹ 72,870
Kerala
66,800
72,870

Click to view the gold rate details on 3rd June
Gold on the COMEX recorded a slight increase, with the last trade price at $2,350.60, reflecting a decline of $17.3 or 0.73%. Throughout the session, the prices fluctuated, reaching a high of $2,373.10 and a low of $2,346.60, starting the day at $2,371.30. This performance demonstrates sustained investor interest, influenced by fluctuating market conditions.

The market experienced a notable downturn, with the benchmark index closing at 21,419.55, marking a substantial drop of 1,844.35 points or 7.93%. The index had initially opened at 23,179.50, which also represented the day's peak, before declining to a low of 21,418.50. This pronounced decline underscores heightened market volatility and investor unease as the official election results are awaited. The uncertainty surrounding the actual election outcomes has overshadowed the previous uplift provided by favorable exit poll predictions, leading to a significant market retreat. Investors remain cautious, reflecting the anxiety and unpredictability associated with the impending election results, which have created a climate of apprehension and contributed to the market's substantial pullback.

Gold prices fluctuate daily due to a variety of short and long-term factors, including changes in supply and demand, economic indicators, geopolitical events, currency fluctuations, and investor sentiment. Navigating the precious metals market requires careful monitoring and thorough analysis of pricing data. Investors and traders must stay informed about these diverse influences to make well-informed investment decisions. Understanding and interpreting these variables effectively allows stakeholders to seize opportunities and manage risks in the continually evolving gold market.

The provided data points furnish significant insights into market trends and the drivers behind gold price fluctuations, aiding investors in navigating the market effectively. However, it is advisable for investors to conduct their own due diligence before reaching investment decisions. Throughout the day, investors are encouraged to stay vigilant and closely track gold rates for emerging trends and market developments. By remaining informed about these daily price fluctuations, investors can spot potential trading prospects and make informed investment choices, thereby enhancing their investment strategies.

For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

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