Gold, Silver Prices Today (August 5): Gold and silver prices moved sharply up on Wednesday, August 5 backed by upbeat global signals and also by investor attention on the Reserve Bank of India’s monetary policy announcement. On the Multi Commodity Exchange (MCX) gold futures went up by something like ₹1,200 while silver futures added close to ₹2,500 per kilogram during the first part of trading.
MCX Gold and Silver Update
As of early trading on August 5:
- MCX Gold Futures: Trading around ₹1,47,000 per 10 grams, up nearly ₹1,200.
- MCX Silver Futures: Trading above ₹2,24,000 per kg, up approximately ₹2,500.
Gold, Silver Prices Today (August 5)
- 24 Carat Gold: ₹1,45,300
- 22 Carat Gold: ₹1,33,200
Silver Rate Today
- Silver (1 gram): Around ₹222
- Silver (1 kilogram): Around ₹2,22,000–₹2,24,000
Gold, Silver Price Today (August 4): MCX Gold, Silver Updates and City-Wise Bullion Rates
City-Wise Gold Rates Today (Per 10 Grams)
- 24K: ₹1,45,300
- 22K: ₹1,33,200
Mumbai
- 24K: ₹1,45,150
- 22K: ₹1,33,050
Chennai
- 24K: ₹1,45,500
- 22K: ₹1,33,400
- 24K: ₹1,45,300
- 22K: ₹1,33,200
Hyderabad
- 24K: ₹1,45,150
- 22K: ₹1,33,050
Bengaluru
- 24K: ₹1,45,250
- 22K: ₹1,33,150
Market Outlook
Market experts expect gold and silver to stay volatile through the day since investors are taking in the RBI policy decision plus whatever global economic cues show up. If there’s an unexpected nudge in the interest rate guidance or if the US dollar moves up , then bullion prices could shift pretty fast in the near term.
