Latest Gold and Silver Prices on August 9: Find Rates in Your City
Stay informed with the latest gold and silver prices on August 9th. Find the current rates in your city for making informed investment decisions.
Gold and silver prices in India showed a minor decrease in value on Wednesday. In Delhi, the rate for 10 grams of 22-carat gold settled at ₹55,200, marking a reduction from previous levels.
For 22-carat gold, the price per gram saw a marginal decline of ₹10, resulting in a rate of ₹5,495 per gram. Larger quantities of this category, such as 8 grams and 10 grams, were respectively priced at ₹43,960 and ₹54,950. Noteworthy is the price for 100 grams of 22-carat gold, which amounted to ₹5,49,500.
A similar trend was evident in 24-carat gold prices, where each gram was valued at ₹5,995.
In contrast, silver prices remained relatively stable, with the price for one kilogram of silver standing at ₹74,000 on a nationwide scale.
Here are the gold and silver rates in major cities:
| Chennai | Gold (₹/10g) - ₹55,300 | Silver (₹/kg) - ₹76,700 |
| Mumbai | Gold (₹/10g) - ₹54,950 | Silver (₹/kg) - ₹74,000 |
| Kolkata | Gold (₹/10g) - ₹54,950 | Silver (₹/kg) - ₹74,000 |
| Delhi | Gold (₹/10g) - ₹55,100 | Silver (₹/kg) - ₹74,000 |
The pricing of gold and silver is determined through a complex interplay of multiple factors, often guided by insights from reputable jewelers. These influencing parameters encompass a range of dynamics, such as the global demand for gold, currency valuation across different nations, prevailing interest rates, and governmental regulations pertaining to gold trade.
The global landscape plays a pivotal role, with variables like the health of the world economy and the relative strength of the US dollar in comparison to other currencies significantly impacting gold prices within India. The intricate web of these interconnected aspects collectively shapes the fluctuating values of precious metals in the Indian market.
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