Gold Price Today (February 4): Yellow metal dips over Rs 2,500 from record high - Check rate in Delhi, Mumbai and other cities

Gold Price Today, February 4: Gold price on Saturday, February 4, dipped by over Rs 2,500 from the record high level in the future trade. The precious metal was at a nine-month high on Thursday, February 2, 2023, at Rs 58,826 per 10 gms.

On Multi Commodity Exchange of India Limited (MCX), Gold April Future was down by 1.97 percent to Rs 56,560 per 10 grams in the afternoon trade of February 4. 

Likewise, Silver March futures on MCX dipped by 3.67 percent to Rs 67,625 per kg.

In the international market, Spot gold dipped 2.6% to $1,863.66 per ounce by 1:40 p.m. ET (1840 GMT) on Friday. 

Whereas spot silver dropped 4.9% to $22.33 per ounce. U.S. gold futures settled down 2.8% to $1,876.6.

It should be noted that Gold rose to a nine-month high on Thursday, February 2, on a subdued dollar, according to Reuters as investors held onto the view that the US Federal Reserve would soon end its rate hiking cycle after it announced an expected 25-basis-point increase.

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Earlier this week, the US central bank delivered a quarter-percentage-point rate increase after a year of larger hikes and Fed Chair Jerome Powell warned of further monetary policy tightening.

Gold Price City-wise In India as of February 4, 2022, for 24k:

Chennai- Rs 58,200

Mumbai- Rs 57,160

Delhi- Rs 57,310

Kolkata- Rs 57,160

Bangalore- Rs 57,210

Hyderabad- Rs 57,160

Kerala- Rs 57,160

Pune- Rs 57,160

Vadodara- Rs 57,210

Ahmedabad- Rs 57,210

Lucknow- Rs 57,310

Vijayawada- Rs 57,160

Patna- Rs 57,210

Nagpur- Rs 57,160

Chandigarh- Rs 57,310

Surat- Rs 57,210

Bhubaneswar- Rs 57,160

Visakhapatnam- Rs 57,160

Nashik- Rs 57,190

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

(With inputs from Reuters)