Gold-Silver Prices On August 2: Did Yellow Metal Rates Rise Or Fall? Know What Is The Price Today
Gold futures for August month showed an upward trend of 0.06 per cent and at the same time silver futures for September dropped by 1.13 per cent earlier on Friday at the Multi Commodity Exchange.
New Delhi: Gold and silver prices experienced marked ups and downs last week. The two metals saw a drop in prices at the start of the week, however, there was increase in prices later on. Gold and silver were sold for less on Multi Commodity Exchange (MCX) for five days, making it cheaper.
What are the current gold and silver prices on COMEX and MCX?
Gold futures for August month showed an upward trend of 0.06 per cent and at the same time silver futures for September dropped by 1.13 per cent earlier on Friday at the Multi Commodity Exchange. Gold August futures and silver September futures are at Rs 1,41,599 and Rs 2,17,488 per kg respectively currently.
What is the price of gold in Delhi, Mumbai, Chennai?
As per current market trends, prices for gold are same in most of the major cities like Delhi, Hyderabad, Mumbai, and Bangalore. In these cities, the price of 10 grams of 22 carat gold used in making jewelry is Rs 1,32,250. Similarly, the price of 10 grams of 24 carat gold is Rs 1,44,370. In cities like Chennai and Hyderabad, gold is trading at Rs 1,44,610 per 10 grams.
What is the current price of silver?
Along with gold, silver prices are also facing huge fluctuations in the market. However, silver prices in the South are a bit expensive compared to the northern cities. The price of a kg of silver in Hyderabad, Vijayawada, Chennai and Kerala is continuing to remain at Rs 2,44,900. At the same time, the price of a kg of silver in Delhi, Mumbai, Bengaluru and other northern parts of the country is trading at Rs 2,35,000.
What is the signal for investors?
Experts believe that for the time being there will be instability in gold and silver. Instead of buying and selling in a hurry, keep an eye on the market direction and global news. Gold is still considered a safe investment for the long term. Investors who consider small decline as an opportunity to buy are also active. Overall, gold and silver are currently swinging in the range. The next big move will be decided by international news.
