Gold Rate Today (4 June 2024), Gold Prices in India 22 & 24 Carat

In today’s financial landscape, it’s essential to stay updated on the Gold Rate today (4 June 2024), in India. Whether you’re an investor, a jeweler, or simply curious about economic trends, knowing the current gold rates can greatly impact your decisions.

Gold has been a symbol of wealth and prosperity in India for centuries. Its value transcends mere economic considerations, often taking on cultural and emotional significance. Understanding the dynamics of gold prices in India is essential, as it affects not only individual investors but also the broader economy.

Vaarta bharat will provide you with up-to-date information on gold prices in India, including historical context, factors influencing the prices, and how to make the most of this valuable data.

Gold prices in India today are Rs 6,680 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 7,287▲ per gram.

Gold Rate Today (4 June 2024) in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 6,680 6,610 70▲
8 Gram 53,440 52,880 560▲
10 Gram 66,800 66,100 700▲
100 Gram 6,68,000 6,61,000 7,000▲

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Gold Rate Today (4 June 2024) in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 7,287 7,211 76▲
8 Gram 58,296 57,688 608▲
10 Gram 72,870 72,110 760▲
100 Gram 7,28,700 7,21,100 7,600▲

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Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 5,465 5,408 56▲
8 Gram 43,720 43,264 456▲
10 Gram 54,650 54,080 570▲
100 Gram 5,46,500 5,40,800 5,700▲

You should keep in mind that small fluctuations can occur in the value of gold, and this may include market conditions, economic signals, and global events.

Gold Price in Indian Major Cities (10 g):-

City22 K Today24 K Today
Mumbai 66,800 72,870
Chennai 67,450 73,580
Delhi 66,950 73,020
Bangalore 66,800 72,870
Kolkata 66,800 72,870
Jaipur 66,950 73,020
Pune 66,800 72,870
Hyderabad 66,800 72,870
Kerala 66,800 72,870
Ahmedabad 66,850 72,920
Lucknow 66,950 73,020
Patna 66,850 72,920
Nagpur 66,800 72,870
Chandigarh 66,950 73,020
Mysore 66,800 72,870
Gurgaon 66,950 73,020
Noida 66,950 73,020
Rajkot 66,850 72,920
Ludhiana 66,950 72,590
Goa 66,800 73,020

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Gold Price in India Last 10 Days(10 g):-

Date22 K Gold24 k gold
Jun 04, 2024 66,800 (700▲) 72,870 (760▲)
Jun 03, 2024 66,100 (40▼) 72,110 (44▼)
Jun 02, 2024 66,500 ( ~ ) 72,550 ( ~ )
Jun 01, 2024 66,500 (200▼) 72,550 (210▼)
May 31, 2024 66,700 ( ~ ) 72,760 ( ~ )
May 30, 2024 66,700 (400▼) 72,760 (440▼)
May 29, 2024 67,100 (250▲) 73,200 (270▲)
May 28, 2024 66,850 (200▲) 72,930 (220▲)
May 27, 2024 66,650 (250▲) 72,710 (270▲)
May 26, 2024 66,400 ( ~ ) 72,440 ( ~ )

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Gold Price in Major Countries (22 carat & 24 carat)

Country22 K Today24 K Today
Kuwait 60,500 64,310
Bahrain 60,450 64,210
Oman 61,580 64,830
Qatar 61,250 65,370
Singapore 61,110 67,560
United States 60,110 63,030
Dubai 59,890 64,660
Muscat 61,580 64,830
Abu Dhabi 59,890 64,660

Global Economic Conditions

The global economic climate plays a pivotal role in determining gold prices. During times of economic uncertainty, investors often flock to gold as a safe-haven asset, driving up its demand and price.

Currency Fluctuations

Gold rate are closely tied to currency fluctuations, particularly the strength of the Indian Rupee against the US Dollar. A weaker Rupee typically leads to higher gold prices.

Geopolitical Events

Political instability, conflicts, and international events can create sudden spikes in gold prices as investors seek refuge from uncertainty.

Demand and Supply Dynamics

The basic principles of supply and demand also apply to gold. Increased demand, especially during festive seasons, can drive prices up.

Central Bank Policies

Decisions made by central banks, such as interest rate changes or monetary easing, can impact gold rates. Lower interest rates often lead to higher gold prices.

How Gold Prices Are Determined in India

In India, gold prices are primarily determined by the bullion markets, where physical gold is bought and sold. These prices are influenced by various factors, including import duties and taxes and the exchange rate between the Rupee and the Dollar.

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To make informed decisions about gold investments, it’s essential to review historical price trends. Over the last decade, gold rates in India have experienced significant fluctuations.

The Role of Gold in Indian Culture

Gold is deeply embedded in Indian culture, from weddings to festivals. It’s not just a form of investment; it’s a symbol of tradition and prosperity.

Investing in Gold: Strategies and Options

Investors have multiple avenues for investing in gold, ranging from physical gold to Gold Exchange-Traded Funds (ETFs). Timing and diversification strategies can maximize returns.

Where to Find Reliable Gold Price Information

Accessing accurate and up-to-date gold price information is crucial. Reliable sources include government websites, financial news portals, and mobile apps.

How to Interpret Gold Price Data

Understanding gold price charts and patterns can help investors make educated predictions about future price movements.

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The Impact of Gold Prices on Other Assets

Gold rates can have a ripple effect on other asset classes, including stocks, real estate, and even cryptocurrencies.

Buying and Selling Gold in India

Navigating the Indian gold market involves various options, from traditional jewelry stores to online platforms. Each has its pros and cons.

Safety and Security Concerns

Storing physical gold safely and being aware of potential scams is paramount when dealing with this precious metal.

Taxation on Gold Transactions

Investors need to be aware of taxation rules, including capital gains tax and GST on making charges, when buying or selling gold.

Gold Price Predictions for the Near Future

Expert opinions and market sentiments often provide valuable insights into where gold prices might be headed.

Understanding gold price today in India is not just a financial endeavor but a cultural and economic one. Armed with knowledge, individuals and businesses can make informed decisions, ensuring that gold remains a valuable part of their portfolios.