Gold-Silver Price Today: Check August 5 Rates Before Buying Precious Metals
Gold prices in India are influenced by several factors, including the international gold price, the exchange rate of the US Dollar, and domestic jewellery demand, especially ahead of the festive season.
New Delhi: The prices of gold in India have witnessed a slight increase due to the rise in demand in international markets and inflationary pressure. The price of precious metal in the country is still affected by the trend of the international market, domestic demand, and fluctuation in currency rate.
What are the prices of gold and silver on COMEX and MCX?
Spot gold gained 0.47 per cent to trade at $4,109.90 an ounce and silver climbed 1.84 per cent to trade at $58.92 an ounce in the morning session on Comex. Futures gold for the October contract was trading up by 0.34 percent to trade at Rs 1,43,397 per 10 grams, while the silver futures for the September contract increased by 1.12 percent to trade at Rs 2,19,180 per kilogram.
What is the price of gold?
As per the existing trend of the market, the price of gold is quite consistent across most cities like Delhi, Hyderabad, Mumbai, and Bangalore. The prices of gold in various big cities of the country on Wednesday morning are as follows.
Delhi
24 carat: Rs 14,414 per gram
22 carat: Rs 13,214 per gram
18 carat: Rs 10,749 per gram
Mumbai
24 carat: Rs 14,399 per gram
22 carat: Rs 13,199 per gram
18 carat: Rs 10,734 per gram
Chennai
24 carat: Rs 14,399 per gram
22 carat: Rs 13,199 per gram
18 carat: Rs 11,069 per gram
Kolkata
24 carat: Rs 14,421 per gram
22 carat: Rs 13,199 per gram
18 carat: Rs 10,734 per gram
What is the price of silver?
On Wednesday, the rates of gold and silver have gone up in India. But the rates of silver in the South are somewhat expensive as compared to those in the northern cities. The rate of a kg of silver in Hyderabad, Vijayawada, Chennai and Kerala remains constant at Rs 2,45,000. On the other hand, the rate of a kg of silver in Delhi, Mumbai, Bangalore and other northern regions is Rs 2,34,900.
What is the reason of change?
Gold prices in India are influenced by several factors, including the international gold price, the exchange rate of the US Dollar, and domestic jewellery demand, especially ahead of the festive season. As a result, Indian consumers often encounter fluctuations in gold prices due to these influences.
