Gold Prices Dip in Delhi on August 4 Amid Broader Market Pressure

Gold prices in Delhi have taken a modest dip on August 4, marking a reversal of the flat trend seen over the weekend. According to HDFC Sky, 24K gold has fallen by ₹22 per gram, while 22K gold declined by ₹20 and 18K gold was lower by ₹16.

The correction comes after prices had largely held steady for two days, reflecting renewed pressure from the broader bullion market. Despite this decline, gold is still trading above the lows recorded last week, suggesting that buyers haven't completely stepped away from the market.

Gold prices in India are shaped by several factors, including international bullion rates, the rupee's exchange rate against the US dollar, import duties and domestic demand. Developments such as central bank policy decisions, inflation expectations, and geopolitical events can also influence daily price movements.