Amidst the ongoing military confrontation between the US and Iran and geopolitical uncertainty, gold and silver prices are witnessing a lot of volatility in both global and domestic markets. After Wednesday’s decline, today – Thursday, June 4 – precious metals markets continue to be volatile. Rising crude oil prices and increasing global tensions have forced investors to act with extreme caution.
**Gold and Silver: Intraday Highs and Lows**
**Gold:** During today’s trading session, gold prices hit intraday high of ₹1,59,740 (up 0.24% or ₹400); However, as profit-booking began, prices fell to intraday low of ₹1,58,780 (down 0.35% or ₹566). **Silver:** On MCX, silver futures for July delivery contract were trading at ₹2,64,450 per kg, lower by 0.85% or ₹2,257. Today, silver prices touched a high of ₹2,67,495 and a low of ₹2,64,023. **New prices for gas cylinder booking:** Shock or relief for the common man? Have domestic LPG prices also increased after the increase in commercial gas cylinder prices? Check latest rates.
Gold prices in New Delhi
24 carat: ₹15,636 | 22 carat: ₹14,334 | 18 carat: ₹11,731
gold prices in mumbai
24 carat: ₹15,621 | 22 carat: ₹14,319 | 18 carat: ₹11,716
Kolkata
24 carat: ₹15,621 | 22 carat: ₹14,319 | 18 carat: ₹11,715
Chennai
24 carat: ₹15,817 | 22 carat: ₹14,499 | 18 carat: ₹12,179
Why are prices changing? What are the latest updates?
Are gold prices currently at their all-time high or all-time low? Looking at the current market situation, gold prices have remained historically high due to geopolitical crises. In India, gold prices are mainly determined by international gold prices, the strength of the US dollar and domestic demand for jewelery during festivals or wedding seasons. This is why the ongoing global conflicts and economic uncertainty are directly impacting the wallets of consumers in the Indian retail market.
