Gold rate today: Check the latest prices in your city on June 4

Gold rate today

Gold prices remained volatile on June 4 amid global uncertainties. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,012 per 10 gram today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on June 4:

"COMEX gold futures fell 0.6% yesterday, settling below $3,380 per ounce, weighed down by a rebound in the US dollar from a six-week low, following a surprise increase in US April JOLTS job openings to 7.391 million, exceeding forecasts and signaling continued strength in the labor market. Eurozone inflation dipped below the ECB’s 2% target in May, reinforcing expectations for rate cuts, which pressured the euro and further supported the US dollar. Besides, Atlanta Fed President Raphael Bostic reiterated a cautious stance on interest rate cuts, while comments from Bank of Japan Governor Kazuo Ueda about reducing bond purchases added further pressure on precious metals. Prices surged to a one-month high of $3,417/oz earlier in the session on safe-haven demand as the US-China trade truce came under threat while Trump’s tariff hikes on steel and aluminum prompted warnings of countermeasures from the European Union,"  said Kaynat Chainwala, AVP-Commodity Research, Kotak Securities.

"Today, gold prices slipped further below $3,370 per ounce, as markets await key US labor report and speeches by Federal Reserve officials. However, ongoing trade tensions between the US and key partners such as China and the EU could provide underlying support," Kaynat Chainwala added.