Gold Rate In India Today, March 4th: 22K /100g Gold Soars Massively By Rs. 7,000; Silver Takes A Dip

Gold prices in India surged sharply today, reversing the decline seen yesterday across all purities of the yellow metal. The rise in gold rates is due to fears of an impending trade war, as Trump's tariffs on Mexico and China take effect today. The uncertainty surrounding global trade is boosting demand for bullion as a safe-haven asset. Additionally, the weakening US dollar is further contributing to the rise in gold prices in India.

Gold Prices In India Today

As of 4th March, the 22-carat gold price in India rose by Rs 700 per 10 grams to cost Rs. 80,100, while the 24-carat gold rates jumped by Rs. 760 to retail at Rs. 87,380 per 10 grams. Similarly, the 18-carat gold rates surged by Rs. 570 to cost Rs. 65,540.

For heavy weight quantities, 100 grams of 24-carat gold rates are now priced at Rs. 8,73,800 after witnessing the rise of Rs. 7600, while the 22-carat gold jumped by Rs. 7000 to cost Rs. 8,01,000. Just like that, 18-carat gold rates in India also experienced this surge, which made the yellow metal rise to Rs. 5,700 per 100 grams to retail at Rs. 6,55,400.

Silver rates in India today

Silver prices in India on 4th March slipped after gains yesterday. Silver rates in India today per kilogram are down by Rs. 100, to cost Rs. 96,900 per kg. The price of 100 grams of silver was Rs. 9,690, a decline of Rs. 10.

What's Driving Gold and Silver Prices?

Gold prices in India currently are influenced by a majority of factors, one of them being the drop in the US dollar, which slipped 0.15% to 106.60, which has supported gold prices, making it more attractive for investors.
Additionally, the Ukraine-Russia conflict and delayed peace talks are fueling safe-haven demand for gold.

Gold & Silver Price Chart-4th March 2025

MCX Gold and Silver Futures Update

Gold futures prices on the Multi Commodity Exchange (MCX), expected to mature on April 4, 2025, saw a rise, trading at Rs. 85,525 after increasing 0.17%. Whereas silver future prices, with an expiry date of May 5, 2025, slipped this morning during the trading session. Prices slipped by 0.01% to Rs. 96,045.

International Gold and Silver Prices Update

According to a latest Reuters report, gold prices edged down on Tuesday as market participants exercised caution and braced for U.S. President Donald Trump's tariffs on Canada, Mexico, and China to go into effect within hours. Spot gold edged down 0.3% to $2,885.40 an ounce as of 0300 GMT. U.S. gold futures eased 0.2% to $2,895.40. Spot silver fell 0.6% to $31.5 an ounce.

Gold Price In India Outlook: Is It a Good Time to Buy Gold?

With gold price predictions indicating further potential upside, investors and buyers may consider gold as a hedge against inflation. As per Nirmal Bang Securities, "Gold rose on Monday after last week's sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners. Bullion traded above $2,890 an ounce on Monday, while a gauge of the dollar's strength against a basket of currencies fell. Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China. The latest data on US factory activity adds to growing concern that Trump's moves will undermine the economy that's already showing signs of cooling-a scenario that underscores the precious metal's haven status. US manufacturing activity last month edged closer to stagnation as orders and employment contracted, while a gauge of prices paid for materials surged to the highest since June 2022 as tariff concerns mounted, according to data released Monday. Worries over economic growth have boosted market expectations for Federal Reserve interest-rate cuts, which would also add to bullion's appeal as a non-yielding asset. Recent US data has stoked fears the US may be entering a period of stagflation, when an economy faces both tepid growth and elevated prices. That could support gold, an asset regarded as a store of value in uncertain times. "