Gold and silver prices witnessed a slight decline on June 4. Check the latest 22K and 24K gold rates in Hyderabad, Delhi, Mumbai, Bengaluru, Chennai, and silver prices across India.
Gold and silver prices in India recorded a marginal decline on June 4, continuing the recent downward trend seen after weeks of strong gains. While the fall is relatively small, it has attracted the attention of investors and jewellery buyers closely tracking market movements.
According to the latest morning market update, 24-carat gold in Hyderabad is priced at ₹1,56,210 per 10 grams, while 22-carat gold is trading at ₹1,43,190 per 10 grams. Similar rates were reported in Vijayawada, Mumbai, and Bengaluru.
Delhi continues to witness slightly higher prices compared to other major cities. The national capital recorded 24-carat gold at ₹1,56,360 per 10 grams, while 22-carat gold stood at ₹1,43,340 per 10 grams.
Chennai remained the costliest among major metropolitan cities, with 24-carat gold trading at ₹1,58,170 per 10 grams and 22-carat gold priced at ₹1,44,990 per 10 grams.
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Hyderabad | ₹1,56,210 | ₹1,43,190 |
| Vijayawada | ₹1,56,210 | ₹1,43,190 |
| Delhi | ₹1,56,360 | ₹1,43,340 |
| Mumbai | ₹1,56,210 | ₹1,43,190 |
| Bengaluru | ₹1,56,210 | ₹1,43,190 |
| Chennai | ₹1,58,170 | ₹1,44,990 |
Silver prices also remained elevated despite a slight correction. Hyderabad, Vijayawada, and Chennai recorded silver prices of ₹2,89,900 per kilogram, while Delhi, Mumbai, and Bengaluru saw silver trading at ₹2,79,900 per kilogram.
The decline in precious metal prices comes at a time when the Central Government has tightened regulations on silver imports. In response to record-high demand and increasing import volumes, authorities have moved several silver products, including silver granules, powder, and products with 99.9% purity, into the restricted category.
Under the revised rules, importers will now be required to obtain prior approval from the Directorate General of Foreign Trade (DGFT) before importing specified silver products. The decision follows earlier restrictions imposed on silver bars and semi-manufactured silver products.
Government officials believe the move will help curb excessive silver imports, reduce pressure on the Indian rupee, and protect foreign exchange reserves amid global economic uncertainties and elevated crude oil prices.
Market experts expect gold and silver prices to remain volatile in the coming weeks, with global economic indicators, central bank policies, and investor sentiment continuing to influence precious metal markets.
FAQ
Why are gold prices falling today?
Gold prices have seen a minor correction after a strong rally in recent weeks, influenced by global market trends and profit-booking by investors.
Which city has the highest gold price today?
Chennai currently has the highest gold rates among major Indian cities, with 24K gold priced at ₹1,58,170 per 10 grams.
Why has the government tightened silver import rules?
The government aims to control rising silver imports, protect foreign exchange reserves, and reduce pressure on the Indian rupee.