[TODAY UPDATE] Gold and silver prices witness a slight increase a day after Lok Sabha election results announcement

Domestic precious metal futures went up a day after Lok Sabha election results were announced. Investors are now looking to Friday’s non-farm payrolls report in the United States for indications about potential rate cuts, which would lower the opportunity cost of holding non-yielding bullion.

Gold prices rose slightly on Wednesday. 24 carat gold costs Rs.7420.0 per gram, an increase of Rs.701.0. The cost of 22 carat gold has increased by Rs.643.0 to Rs.6796.8 per gram.

The price of 24 carat gold has changed by 0.96% in the past week and -0.36% in the last month. The cost of silver is Rs.88930.0 per kg.

Gold and silver prices in major cities

Today’s gold price in Delhi is ₹74200.0 per 10 grams. Yesterday’s gold price was ₹73948.0/10 grams (04-06-2024). The previous week’s gold price was ₹74658.0/10 grams on May 30, 2024.

Today’s silver price in Delhi is ₹88930.0 per kg. Yesterday’s silver rate on 04-06-2024 was ₹92630.0/Kg, while last week’s price on 30-05-2024 was ₹94400.0/Kg.

Today’s gold price in Chennai is ₹73408.0 per 10 grams. Yesterday’s gold price was ₹74454.0/10 grams (04-06-2024). The previous week’s gold price was ₹74368.0/10 grams on May 30, 2024.

The current price for silver in Chennai is ₹89010.0/kg. On June 4, 2024, the silver pricing was ₹92730.0/Kg. Last week’s silver price on May 30, 2024 was ₹94210.0/Kg.

Today’s gold price in Mumbai is ₹73192.0 per 10 grams. Yesterday’s gold price was ₹73658.0/10 grams (04-06-2024). The previous week’s gold price had been ₹73644.0/10 grams on May 30, 2024.

The current silver price in Mumbai is ₹88930.0 per kg. Yesterday’s silver rate on 04-06-2024 was ₹92630.0/Kg, while last week’s price on 30-05-2024 was ₹94400.0/Kg.