Gold Rate In India Today, Oct 4: Gold Pauses Movement On Sunday After 0.66% Weekly Fall; Check Today's Prices

After a very volatile week Gold prices in India stayed unchanged on Sunday. The 24 karat gold rate and 22 karat gold rate recorded a massive drop and touched their highest levels in nearly two months.

However, the gold rates may surge more due to revival in demand ahead of the upcoming festive and wedding seasons.

"Gold and silver slid further as traders waited on the US jobs report, with monthly losses of 8.5% and 13.5%. The dollar hit a three-month high on rising Treasury yields, while fresh uncertainty over the Iran ceasefire talks kept inflation worries very much alive. August PCE inflation came in at 3.4%, below forecasts, cutting the odds of an October Fed hike to 38%, though a December hike is priced at 87%." Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation,

"Technically, both metals look decidedly weak: gold has broken support at $4250 and eyes $4100 and $4000, while silver has cracked its head-and-shoulders neckline at $62.5, with $60 and $57 next." he further added.

Gold Rate in India Today

Since there was no movement in gold prices on October 4th, Gold prices in India remained unchanged on Sunday compared to the previous day's rates, with today's gold rate in India holding steady across all purity levels. The 24-carat gold price today stands at Rs. 14,918 per gram, or Rs. 1,49,180 per 10 grams, while the 22-carat gold rate today is Rs. 13,675 per gram, or Rs. 1,36,750 per 10 grams. Meanwhile, the 18-carat gold price today remains at Rs. 11,189 per gram, or Rs. 1,11,890 per 10 grams.

Silver Rate in India Today

Silver prices in India are on Sunday, with the silver rate today holding steady compared to yesterday's prices. The silver price today in India stands at Rs.235 per gram and Rs. 2,350 per 10 grams, while 100 grams of silver is priced at Rs. 23,500.The silver rate per kg today is at Rs. 2,35,000, with no change recorded from the previous day's rates.

MCX Gold Futures and Silver Futures Prices

Gold futures at the multi-commodity exchange closed the week with gains. Gold futures, which are expected to mature on October 5th, currently ended Friday's session at Rs. 1,47,914 gaining 1,23% per 10 grams. Similarly, silver futures slated to mature on December 4th gained 1.22% to settle at Rs 2,26,432

Spot Gold Prices + Spot Silver Price Today

According to Trading Economics, "Gold traded around $4,140 an ounce on Friday even as weaker-than-expected US jobs data reinforced expectations that the Federal Reserve may keep interest rates unchanged at its upcoming meeting."