Today, March 4, Mumbai gold rates (gold prices) saw a correction, with 24K gold falling INR 3,110 to settle at INR 1,64,510 per 10 grams. Silver also dropped by INR 10,000 to INR 2,85,000 per kg. Despite the dip caused by profit-booking, rates remain high due to Middle East tensions and a volatile stock market, sustaining gold's safe-haven appeal.