Breaking News: Current Gold and Silver Rates on June 4th, 2024 During Lok Sabha Elections Vote Counting

Key Takeaways:

– Domestic precious metal futures were subdued amid ongoing Lok Sabha election vote counting.
– MCX gold futures were flat with a negative bias at Rs 72,166 per 10 gm, while MCX Silver futures were flat with a positive bias at Rs 92,099 per kg.
– Recommendations include buying gold and silver futures on dips with specific target prices and stop losses.
– COMEX gold in the international market was down at $2,366.3 per ounce.
– Support and resistance levels for gold in the international market were provided by experts.

Gold and Silver Rate Today (June 4, 2024):

Expert Recommendations:

• Neha Qureshi recommends buying gold August futures on dips at Rs 72,200 with a target price of Rs 72,700.
• For Silver July futures, she recommended buying on dips at Rs 92,000 with a target of Rs 94,000.
• Praveen Singh sees support and resistance levels for COMEX gold in the international market.

Market Analysis:

– Spot gold is expected to trade with a positive bias, but gains may be trimmed due to a possible appreciation in the domestic currency.
– Investors are advised to check prices with their jeweler before acting on the information provided.

FAQs:

1. What were the rates for MCX Gold Futures and MCX Silver Futures on June 4, 2024?

The rate for MCX Gold Futures was Rs 72,166 per 10 gm, and the rate for MCX Silver Futures was Rs 92,099 per kg.

2. What were the expert recommendations for trading gold and silver futures on June 4, 2024?

Neha Qureshi recommended buying gold August futures on dips at Rs 72,200 with a target price of Rs 72,700. For Silver July futures, she suggested buying on dips at Rs 92,000 with a target of Rs 94,000.

3. What market analysis was provided for spot gold trading on June 4, 2024?

Spot gold was expected to trade with a positive bias, but gains could be trimmed due to a possible appreciation in the domestic currency post Lok Sabha election results.