Gold and silver prices today, 4 June: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities
The gold rate experienced a slight increase in morning deals on the Multi Commodity Exchange (MCX) on Thursday, 4 June, due to a weaker dollar and higher crude oil prices. This development comes...
The gold rate experienced a slight increase in morning deals on the Multi Commodity Exchange (MCX) on Thursday, 4 June, due to a weaker dollar and higher crude oil prices. This development comes as investors continue to monitor the situation surrounding a potential US-Iran peace deal. The MCX gold rate for August futures contracts saw a 0.35% increase, trading at ₹1,59,110 per 10 grams. In contrast, MCX silver futures witnessed a 0.11% increase, trading at ₹2,64,060 per kilogram at around 9:24 am.
Gold and Silver Prices
The ongoing conflict in the Middle East has led to continued tensions between the US and Iran, resulting in volatile oil prices. West Texas Intermediate futures declined by 0.74% to settle at $95.30 per barrel, while Brent crude eased by 0.65% to trade at $97.17 per barrel. These fluctuations have significant implications for the global economy, particularly in the context of a potential US-Iran peace deal.
Geopolitical Developments
US President Donald Trump recently stated that the Iranian regime has agreed not to develop nuclear weapons, but noted that Tehran could still "change their mind." This statement highlights the uncertainty surrounding the US-Iran conflict and its potential impact on global stability. Additionally, the Organisation for Economic Co-operation and Development (OECD) has warned of a global slowdown, citing the US-Iran war as a significant factor that could worsen the economic picture if disruptions to energy markets and the Strait of Hormuz persist.
The OECD has cut its global growth outlook, expecting growth to slow to 2.8% in 2026. However, in a prolonged-disruption scenario, growth could slump to 2.1%. This warning has significant implications for investors and policymakers, who must navigate the complex geopolitical landscape to mitigate the risks associated with the US-Iran conflict.
Market Impact
The ongoing tensions between the US and Iran have had a significant impact on the stock market. The Dow Jones Industrial Average dropped 620.72 points, or 1.21%, to end at 50,687.07, while the S&P 500 fell 0.74% to end at 7,553.68. The tech-heavy Nasdaq Composite declined 0.89% to 26,853.98. These developments highlight the need for investors to remain vigilant and adapt to the changing market conditions.
Gold and Silver Prices in India
Gold Prices in Mumbai — 4 June:
24 karat gold rate in Mumbai — ₹158,640/10 gm
22 karat gold rate in Mumbai — ₹145,420/10 gm
Silver 999 Fine rate in Mumbai — ₹263,270/1 kg
Gold Prices in New Delhi — 4 June:
24 karat gold rate in New Delhi — ₹158,360/10 gm
22 karat gold rate in New Delhi — ₹145,163/10 gm
Silver 999 Fine rate in New Delhi — ₹262,820/1 kg
Gold Prices in Bengaluru — 4 June:
24 karat gold rate in Bengaluru — ₹158,760/10 gm
22 karat gold rate in Bengaluru — ₹145,530/10 gm
Silver 999 Fine rate in Bengaluru — ₹263,480/1 kg
Gold Prices in Kolkata — 4 June:
24 karat gold rate in Kolkata — ₹158,430/10 gm
22 karat gold rate in Kolkata — ₹145,228/10 gm
Silver 999 Fine rate in Kolkata — ₹262,920/1 kg
Gold Prices in Hyderabad — 4 June:
24 karat gold rate in Hyderabad — ₹158,890/10 gm
22 karat gold rate in Hyderabad — ₹145,649/10 gm
Silver 999 Fine rate in Hyderabad — ₹263,690/1 kg
Gold Prices in Chennai — 4 June:
24 karat gold rate in Chennai — ₹159,100/10 gm
22 karat gold rate in Chennai — ₹145,842/10 gm
These prices are subject to change and may vary depending on various market factors. Investors are advised to stay informed and up-to-date on the latest developments in the gold and silver markets to make informed investment decisions.
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*Source context derived from original reporting via Google News Search.*
Source context derived from original reporting via Google News Search.
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