Gold, Silver Rate Today August 3: Gold prices in India stayed firm on Monday, August backed by a positive global mood for bullion after the US Federal Reserve kept interest rates unchanged last week. A weaker US dollar and ongoing safe-haven buying kept the yellow metal moving higher with silver prices also acting a bit more volatile than usual.
Gold Rates Today (Per Gram)
- 24 Carat ₹14,436
- 22 Carat ₹13,224
- 18 Carat ₹10,830
City-Wise Gold Rates Today
New Delhi
- 24K: ₹14,436
- 22K: ₹13,224
- 18K: ₹10,830
Mumbai
- 24K: ₹14,421
- 22K: ₹13,219
- 18K: ₹10,815
Chennai
- 24K: ₹14,460
- 22K: ₹13,255
- 18K: ₹11,034
- 24K: ₹14,421
- 22K: ₹13,219
- 18K: ₹10,815
Silver Rate Today
Silver prices also remained firm in the domestic market.
- Silver (999 Purity): ₹236 per gram
- 1 kg Silver: ₹2,36,000
Gold, Silver Price Today, August 1: Citywise Rates, MCX Trends and Market Outlook
MCX Gold and Silver Update
On the Multi Commodity Exchange (MCX), bullion continued to trade with a positive bias following global cues. On Friday, MCX gold August futures gained 0.06 per cent while MCX silver September futures dipped 1.13 per cent. Currently gold futures stand at Rs 1,41,599, while silver futures stood at Rs 2,17,488 per kg, IANS reported. The price of 10 grams of 24-carat gold was at Rs 1,42,860 on Friday down from Rs 1,44,532 seen on Monday market opening, according to data published by the India Bullion and Jewellers Association (IBJA).
Should You Buy Gold Now?
Market experts think gold might keep showing short term up and down moves while investors take a look at the new economic numbers. Still, the precious metal stays a go to long run investment for people who want some shelter from inflation and all that market uncertainty.
