Gold Rates on October 4: Find the Latest Prices in Major Cities Including Delhi, Mumbai, Kolkata, Chennai, and More!

Gold prices remained stable across major metro cities in India today, reflecting a trend of consistency in the market. Rates for 22-carat gold were reported at ₹13,755 for 1 gram and ₹1,10,040 for 8 grams, while 24-carat gold prices held at ₹14,464 for 1 gram and ₹1,15,712 for 8 grams in Delhi. Other cities, including Mumbai, Kolkata, Chennai, and Bengaluru, showed similar stability, with prices largely unchanged from previous sessions.

The current price stability can be attributed to a combination of factors including a balanced demand-supply equation and global economic conditions. While international gold prices have been influenced by fluctuations in the U.S. dollar and ongoing geopolitical tensions, domestic demand remains steady as festivals and wedding seasons approach. Furthermore, central banks across various nations are continuing to accumulate gold reserves, which can be supporting prices at these levels.

For traders and investors, the short-term outlook appears cautiously optimistic; however, attention must be paid to external macroeconomic factors. A stronger dollar or a shift in monetary policy could introduce volatility in the gold market. Retail investors may want to consider adding gold to their portfolios as a hedge against inflation, but vigilance is necessary to navigate potential price fluctuations in the coming weeks.

Source: Market Source

(Expert Note: This report was independently prepared by the Wealthova Commodities team.)