Gold Price: Looking at the current market conditions, investors and jewelry buyers should keep an eye on the fluctuations in prices. Gold prices are currently about Rs 7,000 below their highest level.
Gold prices in India are now coming down from their all-time high of Rs 1 lakh. In such a situation, many people have this question in their mind whether it is right to buy gold at this time or should we wait for the price to fall further. Talking about today, May 4, 2025, there is no news of any major change in the price of gold in India on this day.
In Mumbai today, the price of 22 carat gold was 87,550 per 10 grams and the price of 24 carat gold was 95,510 per 10 grams. In comparison, the same rates on Friday were 87,740 and 95,720 per 10 grams, i.e. a slight decline has been seen in them as compared to Friday.
What is the rate of gold in other cities of the country
In Delhi and Jaipur, 22 carat gold is being sold at Rs 87,700 and 24 carat at Rs 95,660 per 10 grams. In Ahmedabad and Patna, 22 carat gold is being sold at Rs 87,600 and 24 carat at Rs 95,560 per 10 grams. In cities like Mumbai, Hyderabad, Chennai, Bengaluru and Kolkata, the price of 22 carat gold remains stable at Rs 87,550 and 24 carat gold at Rs 95,510 per 10 grams. Along with gold, silver prices also remained stable. In Mumbai today, silver remained stable at Rs 98,000 per kg, which is the same as Friday.
What affects the prices of gold and silver?
According to experts, the prices of gold and silver in India depend on the international market, import duty, government tax, and most importantly the exchange rate between the dollar and the rupee. Apart from this, the cultural and family significance of gold in India also determines its demand, especially during the wedding and festival season.
Looking at the current market conditions, investors and jewellery buyers should keep an eye on the fluctuations in prices. Gold prices are currently around Rs 7,000 below their highest level, due to which some experts are considering this a suitable opportunity for buying
PC:ABPNews
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