Posted on February 4, 2025 by Niftynews
The gold and silver price update for February 4, 2025, shows that gold continues to trade above ₹84,000 per 10 grams in major Indian cities, while silver sees a slight dip to ₹99,400 per kilogram. The gold price is being bolstered by a recent correction in the US dollar, which has helped push global gold prices back to the $2,800 per ounce level. The US dollar has weakened by 0.3%, dropping below 109, further stimulating demand for gold.
As market volatility and economic uncertainty continue to drive demand for precious metals, gold remains an attractive safe-haven asset. The weakening dollar and global economic concerns have resulted in a favorable environment for gold, keeping its prices strong above the ₹84,000 mark.
Gold Price Today (February 4, 2025)
In Delhi, 24K gold prices dropped by ₹10, standing at ₹84,190 per 10 grams, while 22K gold is priced at ₹77,190. Similarly, in Mumbai, 24K gold fell by ₹10, reaching ₹84,040 per 10 grams, and 22K gold is priced at ₹77,040 per 10 grams. Despite the slight decline, gold prices continue to remain robust, supported by global market trends and ongoing interest in gold as a store of value.
Here’s the breakdown of gold prices in major cities on February 4, 2025:
City | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) |
---|---|---|
Delhi | ₹77,190 | ₹84,190 |
Mumbai | ₹77,040 | ₹84,040 |
Chennai | ₹77,040 | ₹84,040 |
Kolkata | ₹77,040 | ₹84,040 |
Silver Price Today (February 4, 2025)
On February 4, 2025, silver has seen a minor decline, with prices easing by ₹100 to ₹99,400 per kilogram. Despite global trends supporting silver prices, weak domestic demand is influencing the local market. The white metal remains above $31 per ounce in international markets, supported by global economic uncertainties and a decline in the US dollar.
Here are the latest silver prices across major Indian cities:
City | Silver Price (per kg) |
---|---|
Delhi | ₹99,400 |
Mumbai | ₹99,400 |
Chennai | ₹1,06,900 |
Kolkata | ₹99,400 |
Gold and Silver Price Comparison for This Week
Looking at the performance of gold and silver prices over the past few days, the fluctuations are attributed to global economic developments. Gold prices have seen a slight dip of over ₹400 per 10 grams earlier this week due to trade war concerns and a stronger US dollar. However, following the news of a weaker dollar, gold regained strength and remains stable above ₹84,000 per 10 grams.
Meanwhile, silver prices have remained relatively stable but have faced challenges due to low domestic demand. The international silver market has been supported by favorable global economic conditions, but the lack of industrial demand in India has weighed on the local prices.
Here’s a comparison of gold and silver prices from earlier this week:
Date | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) | Silver Price (per kg) |
---|---|---|---|
Feb 4 | ₹77,040 | ₹84,040 | ₹99,400 |
Feb 3 | ₹77,050 | ₹84,050 | ₹99,500 |
Feb 1 | ₹77,450 | ₹84,490 | ₹99,500 |
Jan 31 | ₹77,300 | ₹84,330 | ₹99,500 |
Jan 30 | ₹76,100 | ₹83,020 | ₹98,500 |
Jan 29 | ₹75,950 | ₹82,850 | ₹96,500 |
Jan 28 | ₹75,100 | ₹81,930 | ₹96,500 |
Gold and Silver Market Insights
The global trends have been pivotal in shaping the movement of both gold and silver prices. While gold remains resilient due to its status as a safe-haven investment, silver continues to face pressure from weaker domestic demand, although international factors are providing support.
Looking forward, the direction of gold and silver prices will be influenced by several key economic events. Investors are closely monitoring global data, including US labor reports and the outlook from Federal Reserve officials. These developments will offer further insights into potential movements in both gold and silver prices.
Conclusion:
As of February 4, 2025, gold prices remain strong above ₹84,000 per 10 grams, supported by a weaker US dollar and growing demand for the precious metal as a hedge against economic instability. Silver, on the other hand, has faced a slight dip to ₹99,400 per kilogram due to weak domestic demand, despite favorable global trends. Both gold and silver continue to be vital assets in the market, with investors watching for signals from global economic developments to guide future movements in prices.