Highlights

  • Gold hits record high at ₹64,100 amidst US rate cut prospects.
  • Silver follows suit, rises by 1% to ₹81,000 per kg.

Latest news

Dominique Pelicot sentenced to 20 years in landmark French mass rape case

Dominique Pelicot sentenced to 20 years in landmark French mass rape case

PM Modi speaks to King Charles, reaffirms India-UK strategic partnership

PM Modi speaks to King Charles, reaffirms India-UK strategic partnership

Omar Abdullah meets Amit Shah, discusses J&K's statehood restoration

Omar Abdullah meets Amit Shah, discusses J&K's statehood restoration

Unprecedented fracas on Parliament premises, 2 BJP MPs injured; NDA, Congress file police complaints

Unprecedented fracas on Parliament premises, 2 BJP MPs injured; NDA, Congress file police complaints

Palestinians say six killed in Israeli West Bank operations

Palestinians say six killed in Israeli West Bank operations

Around 70 Hindu pilgrims arrive in Pak from India to perform religious rituals at Katas Raj temples

Around 70 Hindu pilgrims arrive in Pak from India to perform religious rituals at Katas Raj temples

Delhi Elections: MCD passes proposal to release Rs 25.35 crore for preparations

Delhi Elections: MCD passes proposal to release Rs 25.35 crore for preparations

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Gold hits record high, breached ₹64,000 mark today: Check Latest Rates in Mumbai, Delhi, Chennai

This surge was driven by increased demand for safe-haven assets following speculation that the US Federal Reserve may implement three rate cuts in 2024. 

Gold hits record high, breached ₹64,000 mark today: Check Latest Rates in Mumbai, Delhi, Chennai

Gold rates domestically have hit a record high today at ₹64,100 per 10 grams on account of a sharp rally in the price of yellow metal internationally. The price increase has been led by a massive spike in demand of the safe haven product after the possibility of US fed implementing three potential rate cuts in 2024.

Silver prices also went up by 1% to ₹81,000 per kg. The metal costs ₹84,000 per kg in Chennai and ₹81,000 per kg in Delhi. Gold prices have surged nearly 11% this year, fueled by anticipation of impending cuts in US interest rates.

However, the continued strength of the US economy, as evidenced by recent data, has raised uncertainties regarding the timing of any potential Federal Reserve rate reductions. Notably, Gold and Silver prices experience fluctuations influenced by multiple factors. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.

24 Carat Gold Price Today 3 April (per 10gm) - Indian Top Cities

Delhi - ₹70,020
Chennai - ₹70,910
Mumbai - ₹69,870
Kolkata - ₹69,870
Bengaluru - ₹69,870

1 KG Silver Price Today 3 April - Indian Top Cities

Delhi - ₹81,000
Chennai - ₹84,000
Mumbai - ₹81,000
Kolkata - ₹81,000
Bengaluru - ₹78,250

ADVERTISEMENT

Up Next

Gold hits record high, breached ₹64,000 mark today: Check Latest Rates in Mumbai, Delhi, Chennai

Gold hits record high, breached ₹64,000 mark today: Check Latest Rates in Mumbai, Delhi, Chennai

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

UK PM Keir Starmer hosts Indian business chiefs to boost investments

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

ADVERTISEMENT

editorji-whatsApp

More videos

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.