Gold prices increased on August 4. Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,999 per 10 grams today.
Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 4:
| City | Price of 24k gold | Price of 22k gold |
| Delhi | Rs 1,01,550/10g | Rs 93,100/10g |
| Mumbai | Rs 1,01,400/10g | Rs 92,950/10g |
| Chennai | Rs 1,01,400/10g | Rs 92,950/10g |
| Kolkata | Rs 1,01,400/10g | Rs 92,950/10g |
| Bengaluru | Rs 1,01,400/10g | Rs 92,950/10g |
| Jaipur | Rs 1,01,550/10g | Rs 93,100/10g |
| Lucknow | Rs 1,01,550/10g | Rs 93,100/10g |
| Hyderabad | Rs 1,01,400/10g | Rs 92,950/10g |
| Ahmedabad | Rs 1,01,450/10g | Rs 93,000/10g |
"The softer-than-expected Non-Farm Payroll data reinforced signs of a cooling labour market and strengthened expectations of a Federal Reserve rate cut in September which supported prices at the lower level," said Axis Securities.
Notably, Around 60 percent of the assets belonging to India’s wealthiest citizens are parked in real estate and gold, according to a new report by Bernstein, as cited by ANI. The report refers to this top wealth segment as the ‘Uber Rich’, a group that includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI) and the Affluent class.
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