Gold price today on September 4, 2020: Yellow metal plunges to Rs 54,110 per 10gms

New Delhi : Following a decline in the global prices of yellow metal, the gold registered a plunge of Rs 500 to Rs 54,110 per 10 gms; silver metal on the other hand came down from Rs 67,200 to 65,600 per kg. On Thursday, gold had closed at Rs 54,600 per 10 gm.

While Delhiites will have to pay Rs 49,600, Mumbaikars have to pay Rs 49,340 for 10 gram of 22-carat gold. The prices of gold in Delhi and Mumbaui are slashed by Rs 400 and Rs 200 respectively. In Kolkata and Chennai, the price of 22-carat gold is 49,990 and Rs 48,770 for 10 gram 22-carat gold respectively.

Price of gold vary in different states across India due to different tax policies.

While the prices are declining these days, the experts believe that an upward trend may be soon seen in the gold prices.