If you're planning to buy gold or silver jewellery this monsoon season, today might be the right time. On Monday, August 4, 2025, gold prices have dropped once again, making it a favourable day for buyers. The price of 10 grams of gold has fallen by ₹100 compared to last week, continuing the downward trend that has been observed recently.
Gold and Silver Rates Today (August 4, 2025)
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24-Carat Gold: ₹99,000 per 10 grams
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22-Carat Gold: ₹91,400 per 10 grams
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Silver Rate: ₹1,12,900 per kilogram (flat movement observed)
With consistent price drops, buyers looking to invest in gold or purchase jewellery for upcoming festivals or weddings may find this an opportune time.
Why Are Gold Prices Falling?
The recent decline in gold prices is largely attributed to the US Federal Reserve's strict monetary policy. With no indications of interest rate cuts, investors are moving their funds from non-interest-bearing assets like gold to bank deposits and government bonds, leading to a decrease in gold demand globally.
Moreover, the strengthening US Dollar has made gold imports costlier for countries like India, reducing domestic demand. The combination of reduced investor confidence and subdued global demand has added further pressure on gold prices both in international and Indian markets.
City-Wise Gold Rates (22K & 24K) on August 4, 2025
| City | 22-Carat Gold Rate | 24-Carat Gold Rate |
|---|---|---|
| Delhi | ₹91,600 | ₹99,900 |
| Chennai | ₹91,400 | ₹99,760 |
| Mumbai | ₹91,400 | ₹99,760 |
| Kolkata | ₹91,400 | ₹99,760 |
| Jaipur | ₹91,600 | ₹99,900 |
| Noida | ₹91,600 | ₹99,900 |
| Ghaziabad | ₹91,600 | ₹99,900 |
| Lucknow | ₹91,600 | ₹99,900 |
| Bengaluru | ₹91,400 | ₹99,760 |
| Patna | ₹91,400 | ₹99,760 |
How Are Gold Prices Determined in India?
Gold prices in India are influenced by a combination of factors, including:
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International Gold Market Rates
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Import Duties and Local Taxes
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Rupee-Dollar Exchange Rate
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Demand and Supply Dynamics
In India, gold holds traditional and cultural significance beyond just being an investment asset. Fluctuations in its price directly impact consumer sentiments, especially during wedding seasons and festivals.
Key Highlights:
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Gold price dropped by ₹100 per 10 grams compared to last week.
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24K Gold trading around ₹99,000 per 10g; Silver at ₹1,12,900 per kg.
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US Fed’s tight monetary policy, stronger dollar impacting gold demand.
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City-wise updated gold rates for 22K and 24K gold listed.
