Following a volatile week, gold prices in India witnessed a modest rise on August 4, 2025. With the U.S. Fed's ongoing hawkish approach and no sign of near-term rate cuts, gold soared on the global market front after disappointing US employment data boosted hopes of a September rate cut by the Fed. After a turbulent week, MCX Gold began today, August 4, 2025, on a good note. MCX Gold October futures contracts were up 0.34% at roughly Rs 1,00,090 per 10 grams as of early morning trade.

Gold Price In India Today
Today's gold prices in India are Rs 10,140 for 24 carat gold, Rs 9,295 for 22 carat gold, and Rs 7,605 for 18 carat gold. The price of 24k of 10 grams of gold in India climbed by Rs 50 on Monday, August 4, from Rs 1,01,350 to Rs 1,01,400. Similarly, a 24k piece of 100 gms of gold will cost Rs 10,14,000 in India today, up Rs 500 from Rs 10,13,500 yesterday.
In India, the price of 22k of 10 grams of gold jumped by Rs 50 from Rs 92,900 yesterday to Rs 92,950 on Monday. Similarly, the price of 22k of 100 grams of gold would cost Rs 9,29,500 today, up from Rs 9,29,000 yesterday, signifying a 500-rupee rise in the price overnight.
18k of 10 grams of gold will cost Rs 76,050 today, up Rs 40 from yesterday's price of Rs 76,010; similarly, 18k of 100 gms of gold will cost Rs 7,60,500 today in India, up Rs 400 from yesterday's price of Rs 7,60,100.
In India, the price of silver remains stable at Rs 113 per gramme and Rs 1,13,000 per kilogramme.
MCX Gold Outlook Today
"On the technical front, MCX Gold has picked up momentum on the daily chart. In the last two sessions, it has found good support around the short-term EMAs. The previous candlestick indicates positive momentum in the upcoming session; however, the broader trend remains neutral. Currently, support is placed at 98,600-98,300 and resistance at 99,800-100,400. Since the immediate trend is positive, traders can consider buying MCX Gold within the 98,600- 98,300 range for a target of 99,800-100,400. Any close below 98,150 will warrant a review of the current view," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.
Gold & Silver Price Fundamental Outlook Today
"Gold and silver prices are trading flat today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to slightly higher for the day; as traders weighed the implications of soft jobs data for the US economy and the Federal Reserve's interestrate path," commented the research analysts of Nirmal Bang Securities.
Disclaimer
The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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