Gold & Precious Metals at a Glance: Gold continued its strong run on October 4, 2025, with the today gold price per troy ounce hovering around USD 3,861.34, up slightly from the previous day. Markets have been driven by safe-haven demand amid U.S. political uncertainty and expectations of interest rate cuts.
In India, 24K gold traded at ₹11,852 per gram, while 22K gold was quoted at ₹10,864 per gram. Silver in India rose to ₹155 per gram (₹155,000 per kg). Platinum prices globally held at moderate levels, reflecting lower industrial demand compared to gold.
In the UAE, the spot gold market remains robust, with 24K rates closely tracking international prices plus local premiums.
Drivers Behind the Price Move
Gold’s recent rally is underpinned by multiple factors. The ongoing U.S. government shutdown and signs of dovish stance by the Federal Reserve have bolstered the precious metal’s appeal as a hedge. HSBC analysts suggest gold could rise above USD 4,000 per ounce if political instability persists.
Forecasting agencies are broadly bullish. Goldman Sachs projects a 6% rise by mid-2026 to reach around USD 4,000. J.P. Morgan expects average prices of USD 3,675/oz by late 2025.
Technically, the gold spot chart shows strong momentum. The metal is trading above its key support levels near USD 3,750 and faces resistance toward USD 3,900.
Regional Market Highlights
India
India’s gold market remains active despite elevated prices. The surge has dampened jewelry demand during festive seasons. The 24K / 22K premiums reflect local taxes, making the effective consumer rates higher than global spot prices.
UAE & Gulf Region
In Dubai, gold prices are quoted in AED tied to international benchmarks, plus a small premium to cover local markup. Demand remains strong, particularly for investment bars and jewelry in Dubai’s markets.
United States
In the U.S., gold is trading in the high USD 3,800s per ounce. Local 24K/22K retail rates vary by dealer and region, adjusted for fabrication and local costs.
What It Means for Buyers, Investors & Traders
- Investors: Those holding gold or gold ETFs stand to benefit from the upward momentum, especially if the trend toward rate cuts continues.
- Buyers & Consumers: Jewelry purchasers, especially in India or Middle Eastern markets, may delay purchases hoping for a dip or softer premiums.
- Speculators & Traders: Volatility around key levels (USD 3,900–4,000) could offer short-term trading opportunities; downside risk exists if central banks surprise with hawkish policy.
FAQs
In India, it’s ₹11,852 for 24K and ₹10,864 for 22K per gram.
Globally, spot gold is roughly USD 3,861.34 per troy ounce. Converting that to grams, 24K gold per gram is about USD 124 (not including local premiums).
As of October 1, 2025, spot gold traded around USD 3,861.34 per ounce.
This summary of the today gold price on October 4, 2025, reflects both global trends and regional nuances. For live updates as markets move, spot-price trackers and local dealers remain your best reference.
