Gold & Silver hit fresh peak today on April 4, 2024: Check Latest Rates in Mumbai, Delhi, Chennai

Gold Silver Price Today April 4 2024: Gold Prices hit a fresh peak today after comments by Jerome Powell on Interest rate cuts in 2024. The yellow metal hit a lifetime high at ₹70,470 per 10 grams of Gold. Silver also hit a fresh peak at ₹82,000 per kg on the Multi Commodity Index today. The reiteration of the interest rate cut soon by the Fed Chair sparked speculation about a rate reduction in the next upcoming US Fed meeting. This led to a further price surge in safe haven instruments like Gold and Silver. The meeting is slated for April 30th to May 1st, 2024.

24 Carat Gold Price Today 4 April (per 10gm) - Indian Top Cities

Delhi - ₹70,620
Chennai - ₹71,400
Mumbai - ₹70,470
Kolkata - ₹70,470
Bengaluru - ₹70,470

1 KG Silver Price Today 4 April - Indian Top Cities

Delhi - ₹82,000
Chennai - ₹85,300
Mumbai - ₹82,000
Kolkata - ₹85,300
Bengaluru - ₹79,750

Gold and Silver prices experience fluctuations influenced by multiple factors, including insights from jewellers. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.

Additionally, global events such as the state of the world economy and the strength of the US dollar relative to other currencies significantly impact gold prices within the Indian market.