Gold Price Today: Gold Dips ₹10, Silver Falls ₹100 — Check City-Wise Rates & Global Trends

Precious Metals Open Lower: Gold and Silver Prices Decline in Early Trade

In the early hours of Monday, gold and silver prices witnessed a marginal dip in the domestic market. According to the GoodReturns website, the price of 24-carat gold dipped by ₹10 per 10 grams, now trading at ₹1,01,340. Meanwhile, silver prices fell ₹100, bringing the cost of 1 kilogram of silver to ₹1,12,900.

This minor correction comes after a strong rally on Friday in the global bullion markets. The movement is being attributed to profit-booking and a temporary pause in momentum as investors await further cues on the US Federal Reserve’s interest rate trajectory.

Gold Prices Today in India: ₹10 Decline in 24-Carat and 22-Carat Rates

City-Wise Gold Rates on August 4, 2025

• The gold price in Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad for 24-carat gold is uniform at ₹1,01,340.
• In Delhi, the rate is slightly higher at ₹1,01,490 per 10 grams.
• 22-carat gold is priced at ₹92,890 in most cities, with Delhi showing a marginal premium.

Silver Price Today: Minor Correction of ₹100

City-Wise Silver Prices

• Silver price today fell by ₹100 across most Indian metros.
• Chennai continues to trade at a significant premium with silver at ₹1,22,900 per kilogram.

Global Market Impact: Profit Booking Pulls Down Spot Gold and Silver

After a 2% jump on Friday, spot gold prices dipped slightly in international markets on Monday. As per global data:

• Spot gold was down 0.3% to $3,351.80 per ounce.
• US gold futures, however, were up 0.2% at $3,404.80 per ounce.
• Spot silver declined 0.5% to $36.83 per ounce.
• Platinum fell by 0.6% to $1,307.25, and palladium slipped 1.6% to $1,189.27.

This movement is primarily due to:

• Profit-booking after Friday’s sharp rally.
• Expectations of a US Fed rate cut in September following weaker-than-expected US jobs data.
• A cautious sentiment ahead of more economic indicators.

Why Gold Prices Fell Today: Key Factors to Watch

1. Global Cues and Fed Rate Cut Expectations

The possibility of a Federal Reserve interest rate cut as early as September has increased after the recent US employment data showed signs of cooling. Lower interest rates tend to support gold prices, but short-term volatility due to speculative trading can cause corrections.

2. Strengthening of the Indian Rupee

A slight appreciation of the Indian rupee against the US dollar also contributed to the domestic correction in gold and silver prices.

3. Investor Profit-Booking

Friday’s sharp uptick in prices led many investors to lock in gains at the start of the week, resulting in a dip in early trade today.

What Should Investors Do Now?

Experts suggest that gold remains a strong hedge against inflation and economic uncertainty. The slight correction in prices may present a buying opportunity for long-term investors.

Investment Tips:

• Use price dips to accumulate gold in smaller quantities.
• Diversify into sovereign gold bonds (SGBs) or digital gold for convenience and safety.
• Monitor international developments, especially US Fed policy, inflation data, and geopolitical risks.

Gold Price Outlook: What Lies Ahead This Week

Upcoming Events to Watch:

• US Consumer Price Index (CPI) data release
• Federal Reserve officials’ speeches
• India’s retail inflation and trade data
• Geopolitical tensions, if any, that may spur safe-haven buying

Market analysts believe that if the global economic data continues to reflect sluggish recovery, central banks may turn dovish, further supporting bullion prices.

Conclusion: Stay Updated with Daily Price Movements

The marginal dip in gold and silver prices today does not indicate a bearish trend. Instead, it reflects short-term adjustments amidst broader market optimism. Investors are advised to stay informed and consider systematic investments in precious metals as part of their diversified portfolio.