Gold hits record high, breached ₹64,000 mark today: Check Latest Rates in Mumbai, Delhi, Chennai

Gold rates domestically have hit a record high today at ₹64,100 per 10 grams on account of a sharp rally in the price of yellow metal internationally. The price increase has been led by a massive spike in demand of the safe haven product after the possibility of US fed implementing three potential rate cuts in 2024.

Silver prices also went up by 1% to ₹81,000 per kg. The metal costs ₹84,000 per kg in Chennai and ₹81,000 per kg in Delhi. Gold prices have surged nearly 11% this year, fueled by anticipation of impending cuts in US interest rates.

However, the continued strength of the US economy, as evidenced by recent data, has raised uncertainties regarding the timing of any potential Federal Reserve rate reductions. Notably, Gold and Silver prices experience fluctuations influenced by multiple factors. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.

24 Carat Gold Price Today 3 April (per 10gm) - Indian Top Cities

Delhi - ₹70,020
Chennai - ₹70,910
Mumbai - ₹69,870
Kolkata - ₹69,870
Bengaluru - ₹69,870

1 KG Silver Price Today 3 April - Indian Top Cities

Delhi - ₹81,000
Chennai - ₹84,000
Mumbai - ₹81,000
Kolkata - ₹81,000
Bengaluru - ₹78,250