Gold, Silver Prices Today (August 5): MCX Updates and City-Wise Gold Rates

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)

Delhi

• 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

Kolkata

• 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.