KKN Gurugram Desk | Gold has always been a valuable asset for both investors and consumers, and its prices fluctuate frequently based on market conditions and international factors. As of today, April 4, 2025, the gold prices have experienced a slight dip in the domestic futures market, amid volatility in the dollar index. Additionally, silver prices have also witnessed a significant drop in the market. In this article, we’ll provide an in-depth analysis of the current trends in gold and silver prices in both international and domestic markets, and explore how the fluctuations in the value of the U.S. dollar are impacting these precious metals.
Article Contents
Gold Price Trends Today: A Closer Look at Domestic and International Markets
Gold Price Today on MCX (Multi Commodity Exchange)
As of the morning of April 4, 2025, gold futures on the MCX (Multi Commodity Exchange) have shown a downward trend. The gold June 5 contract opened at Rs 89,451 per 10 grams, which represents a decrease of Rs 606 from the previous day’s closing price of Rs 90,057. As of the latest data available, the price was hovering around Rs 89,690, marking a decline of Rs 367 or 0.41% from the previous close. Throughout the session, the contract fluctuated, reaching a low of Rs 89,320 and a high of Rs 89,846.
This volatility in gold prices is a direct result of the ongoing fluctuations in the U.S. Dollar Index. The dollar’s performance has a significant influence on global gold prices, with a stronger dollar typically causing gold prices to fall, and a weaker dollar pushing prices higher. On the other hand, fluctuations in global inflation rates, geopolitical tensions, and economic reports also contribute to these price movements.
Silver Prices Today on MCX
Along with gold, silver futures have also shown a notable dip. The silver contract, maturing on May 5, 2025, opened today at Rs 94,100 per kg, representing a fall of Rs 399 from the previous close of Rs 94,399. As of the latest data, silver was trading at Rs 92,686, marking a substantial dip of Rs 1,713 or 1.81% from the previous close. Throughout the session, silver prices touched a low of Rs 92,555, a five-week low.
Silver prices are heavily influenced by similar factors that affect gold, including the performance of the dollar, inflation data, industrial demand, and investor sentiment. The recent decline can also be attributed to profit-taking by investors, as well as a slowdown in demand for silver in industrial sectors that rely on the metal for manufacturing.
Gold Price in International Markets: COMEX Gold Trends
In the international markets, COMEX Gold was trading at around $3,121 per troy ounce this morning. This price reflects a slight decline in the international price of gold compared to recent sessions. The spot gold price as of 10:30 AM IST was around $3,103.91 per ounce, showcasing a minor dip.
The international gold market is particularly sensitive to changes in global economic conditions. Key factors such as U.S. economic data, interest rate decisions by central banks, and geopolitical tensions can trigger fluctuations in the price of gold. Moreover, investor sentiment towards inflation hedges and safe-haven assets has been a key driver of gold prices in the past few months.
Gold Prices in Major Indian Cities: A Regional Breakdown
The gold prices in India also follow trends set by the global market, but they are influenced by local demand and currency fluctuations. Below are the current gold prices in key Indian cities as of April 4, 2025:
Gold Price in Delhi
In Delhi, the 24-carat gold price is currently priced at Rs 91,790 per 10 grams, while the price for 22-carat gold is Rs 84,150 per 10 grams.
Gold Price in Mumbai
Mumbai, one of India’s largest gold markets, sees the 24-carat gold price at Rs 91,640 per 10 grams, and 22-carat gold is priced at Rs 84,000 per 10 grams.
Gold Price in Kolkata
In Kolkata, the 24-carat gold is priced at Rs 91,640 per 10 grams, and for 22-carat gold, the rate is Rs 84,000 per 10 grams.
Gold Price in Chennai
In Chennai, the 24-carat gold price stands at Rs 91,640 per 10 grams, while 22-carat gold costs Rs 84,000 per 10 grams.
As is evident from these prices, gold prices remain fairly consistent across major cities, although minor regional variations can occur due to local demand and taxes.
Silver Prices in India: A Sharp Decline
While gold prices have experienced moderate fluctuations, silver prices in India have witnessed a significant drop in the domestic market. Silver prices in major cities are listed below:
Silver Price in Delhi
In Delhi, the price of silver per kg is Rs 99,000.
Silver Price in Mumbai
In Mumbai, silver is priced at Rs 99,000 per kg.
Silver Price in Kolkata
Similarly, in Kolkata, silver costs Rs 99,000 per kg.
Silver Price in Chennai
Chennai stands out with a higher silver price of Rs 1,08,000 per kg, reflecting the regional demand and market conditions.
What’s Behind the Recent Fluctuations in Gold and Silver Prices?
Volatility in the Dollar Index
The key driver behind the fluctuations in both gold and silver prices is the volatility in the U.S. Dollar Index. The dollar’s strength relative to other currencies has a direct effect on precious metals like gold and silver. A stronger dollar typically dampens the appeal of gold, as it becomes more expensive for foreign investors to buy. Conversely, a weaker dollar makes gold cheaper and more attractive as an investment.
Geopolitical Tensions and Inflation Concerns
Geopolitical uncertainties such as trade tensions, political instability, or wars tend to drive investors towards gold, often resulting in price increases. Similarly, concerns about rising inflation or changes in central bank policies, particularly regarding interest rates, can impact the demand for gold and silver as safe-haven assets.
Market Sentiment and Speculative Trading
Market sentiment, driven by investor perception, plays a crucial role in gold and silver prices. Speculative trading, often seen in the futures market, also causes fluctuations. As investors react to news, reports, or forecasts, prices can either surge or drop, creating volatility.
Looking Ahead: Future Outlook for Gold and Silver Prices
The future outlook for both gold and silver prices remains uncertain, given the global economic situation. Analysts suggest that if the dollar continues to exhibit volatility or if inflation concerns persist, we may see a resurgence in the demand for both gold and silver as safe-haven assets. On the other hand, if the global economy stabilizes and central banks tighten monetary policy, it could put downward pressure on the prices of these metals.
Gold is expected to maintain its relevance as an investment asset, especially amid fluctuating market conditions and growing demand in emerging economies. Silver, though often more volatile, remains an attractive investment for those looking for an affordable alternative to gold with potential upside in the long term.
In conclusion, while the gold and silver markets have been fluctuating due to various global economic factors, they remain valuable assets for both consumers and investors. The gold price today in the international market and the domestic market shows some moderate declines, but these precious metals continue to be considered reliable investments in uncertain economic times.
For those looking to invest in gold or silver, it is important to stay informed about market conditions and monitor price trends regularly. Investing in precious metals can serve as a hedge against inflation, economic instability, and the volatility of the financial markets.
Discover more from
Subscribe to get the latest posts sent to your email.