Gold Price In India, July 4: Sharp Jump In Gold Prices, 24K/100 Grams Up By Rs 7,100

Gold prices in India today sharp rally after remaining steady on July 3 after softer-than-expected U.S. economic data fuelled prospects that the Federal Reserve could slash interest rates as early as September. 22K gold prices today in India jumped by Rs 650 to Rs 67,000/10 grams and 100 grams of 22 carat yellow metal prices on July 4 zoomed by Rs 6500 to Rs 6,70,000. 24k gold prices today surged by Rs 710 to Rs 73,090/10 grams while 100 grams of 24 carat precious metal prices soared by Rs 7,100 to Rs 7,30,900.

Meanwhile, 18k gold prices today in India surged by Rs 530 to Rs 54,820/10 grams and 100 grams of 18 carat yellow metal prices today jumped by Rs 5300 to Rs 5,48,200.

Spot Gold, Spot Silver Prices Today: Spot gold rallied 0.3% at $2,362.10 per ounce, as of 0200 GMT after touching a near two-week high in the previous session. US gold futures was little changed at $2,369.80. Spot silver jumped 0.2% to $30.54 and platinum added 0.5% at $1,002.28, according to Reuters.

According to Reuters, ""A softer-than-expected ISM services report was the gift that Fed doves have been waiting for ahead of a NFP. A move to $2,400 is on the cards should NFP confirm the economic cracks we're seeing elsewhere," said Matt Simpson, senior analyst at City Index.

"I doubt we'll be seeing the U.S. dollarindex retest 106 any time soon, so we expect traders to fade into dollar bounces and buy dips on gold."

Silver Prices Today: Silver prices in India today witnessed sharp rally of Rs 1500 to Rs 93,000/kg. 100 grams of silver prices today jumped by Rs 150 to Rs 9,300.

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold price today jumped by Rs 650, remained steady on July 3, jumped by Rs 100 on July 2, stayed unchanged on July 1, remained steady on June 30, gained by Rs 100 on June 29, jumped by Rs 400 on June 28, slipped by Rs 250 on June 27, fell by Rs 250 on June 26, stayed unchanged on June 25, and dived by Rs 100 on June 24.

1kg Silver price India movement in last 10-days

Silver prices today jumped by Rs 1500, rose by Rs 500 on July 3, rallied by Rs 800 on July 2, jumped by Rs 200 on July 1, stayed steady on June 30, remained unchanged on June 28, did not change on June 27 also, slipped by Rs 1000 on June 26, fell by Rs 700 on June 25, slipped by Rs 300 on June 24, and remained unchanged on June 23.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On July 04, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,760

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 04 is Rs 6,700

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 04 is Rs 6,715

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 04, 2024 is Rs 6,700

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on July 04 is Rs 6,700

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 03 is Rs 6,700