Gold prices have remained under pressure over the past few trading sessions, with prices continuing to decline. According to experts, factors such as rising interest rates, a ber US dollar and higher bond yields may continue to weigh on gold prices.
Gold prices have faced pressure over the past few trading sessions amid a ber US dollar, higher bond yields and market expectations surrounding interest rates. As the Indian commodity market will remain closed on Saturday, there will be no trading on the MCX. Therefore, the previous trading session’s price will be considered the reference for gold.
Gold is important in the Indian market both as an investment and for jewellery purchases. As a result, even a small change in the Gold Rate Today can matter to investors and customers. Movements in the dollar in international markets, US bond yields, central bank policies and global economic conditions are among the key factors affecting gold prices.
On the Multi Commodity Exchange (MCX), the Gold Futures contract price for December 4, 2026, stood at Rs 1,50,390 per 10 grams in the previous trading session, down by Rs 140. As the exchange will not have regular trading on Saturday, there will be no new intraday change in this price today.
For investors tracking gold prices in the commodity market, it is important to understand that the MCX futures price and the retail price in the local bullion market may differ. The difference can be due to taxes, making charges, local demand and other market factors.
The price of 24-karat pure gold in the bullion market was reported at Rs 1,50,550 per 10 grams. 24-karat gold is considered high-purity gold, and its price generally remains closer to investment-related market prices.
However, customers should not determine the price of jewellery solely on the basis of the base gold rate. The final bill may include making charges, GST and other applicable charges. Therefore, before making a purchase, customers should check the final price and hallmark information with the local jeweller.
According to available data from the India Bullion and Jewellers Association (IBJA), the price of 24-karat gold was Rs 1,48,138 per 10 grams on the evening of October 1. IBJA rates are considered an important reference for bullion markets across the country.
Differences between IBJA rates and MCX prices are normal because the two markets have different price-determination processes and contract structures. In addition, the IBJA base rate may not necessarily include all charges applicable in the local retail market.
