Gold Price Today in India 4 May 2026: 24K, 22K, 18K, 14K gold rates fall again. Check latest city-wise gold price updates and market trends.
Gold prices in India witnessed another decline on 4 May 2026, as volatility in global markets continued to influence domestic bullion trends. Investors and jewellery buyers are closely tracking the movement as prices fluctuate due to geopolitical tensions, especially the ongoing Iran–US situation, along with changes in global demand and currency strength.
At the opening of the market, gold prices showed weakness and extended losses during the trading session. On the Multi Commodity Exchange (MCX), 24-carat gold futures dropped by nearly 0.59%, slipping by around ₹893 to trade at approximately ₹1,50,459 per 10 grams. The previous session had closed at ₹1,51,352 per 10 grams.
Earlier in January 2026, gold had touched its all-time high of ₹1,80,779 per 10 grams in the futures market, highlighting the sharp volatility seen this year.
According to the latest data from the Indian Bullion and Jewellers Association (IBJA), gold prices also moved lower during the day. The morning rate for 24-carat gold stood near ₹1,50,263 per 10 grams, which further declined to around ₹1,48,357 per 10 grams by afternoon.
Gold Price Today Across Different Purities
The latest market trend shows that all major gold categories have seen a drop in prices. 24-carat gold, considered the purest form, is currently trading in the range of ₹1.48 lakh to ₹1.50 lakh per 10 grams. Similarly, 23-carat gold is hovering around ₹1.47 lakh to ₹1.49 lakh per 10 grams.
Meanwhile, 22-carat gold, widely used for jewellery making, is priced between ₹1.35 lakh and ₹1.37 lakh per 10 grams. The 18-carat segment is trading near ₹1.11 lakh to ₹1.12 lakh per 10 grams, while 14-carat gold is available at approximately ₹86,000 to ₹87,000 per 10 grams.
also read:- Gold Price Today: Gold Rates Surge In India Amid Global…
City-Wise Gold Rate Trends in India
Gold prices vary slightly across major Indian cities due to local taxes, transportation costs, and making charges. In cities like Delhi, Lucknow, Jaipur, Noida, Gurugram, and Chandigarh, 24-carat gold is trading close to ₹1.51 lakh per 10 grams.
In Mumbai, Kolkata, Pune, Nagpur, Bangalore, and Hyderabad, prices are slightly lower, averaging around ₹1.50 lakh per 10 grams. Chennai continues to record comparatively higher rates, with 24-carat gold reaching nearly ₹1.52 lakh per 10 grams.
Why Gold Prices Are Falling
Market experts suggest that ongoing geopolitical uncertainty, fluctuations in crude oil prices, and movements in the US dollar index are major reasons behind the recent volatility in gold rates. As gold is considered a safe-haven asset, global tensions often lead to sharp price movements.
Additionally, profit booking after recent highs has also contributed to the downward pressure on prices.
Previous Session Highlights
In the previous trading session, gold prices had shown strong gains in the domestic market. 24-carat gold had surged by nearly ₹2,000 per 10 grams, reaching around ₹1,54,800. On the international front, gold prices also rose sharply, climbing over 2% to nearly $4,635 per ounce, reflecting strong global demand.
Market Outlook
Analysts believe that gold will continue to remain volatile in the short term. However, long-term demand remains stable due to its safe-haven appeal during economic uncertainty. Investors are advised to closely monitor global developments before making large investment decisions.
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