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Gold & Silver Prices: A treat for buyers! Prices have dropped by up to ₹4,500; what is the rate of gold in your city?
It is crucial to know the prices of gold and silver at the start of the week. Last week saw continuous fluctuations in the rates of these metals. Today, August 31, a decline has been observed in both gold and silver prices in the international market. If you are planning to buy jewelry, do take a look at the current rates.
**Prices Drop in the International Market**
A decline in the prices of both gold and silver has been observed in the international market, specifically on Comex. According to Comex data, at the time of writing, gold had fallen by 1.15%, with the price reaching $4,477.80 per ounce. Meanwhile, silver prices dropped by 1.71%, trading at $65.850 per ounce.
**What Are the Prices in the Domestic Market?**
Prices for both gold and silver have fallen in the domestic bullion market. On the MCX, gold was seen trading at around ₹1.54 lakh per 10 grams. Silver prices in India also declined, trading at approximately ₹2.40 lakh per kilogram.
**How Much Did Rates Fall on MCX?**
On the Multi Commodity Exchange (MCX), gold fell by ₹1,887 by the time of writing, trading at ₹1,54,394 per 10 grams. Silver prices dropped by ₹3,394 around 9:00 AM, reaching ₹2,39,050 per kilogram.
**Check Local Rates Before Buying Jewelry**
A sharp decline in gold prices has been observed in India. Currently, 24-carat gold is trading at around ₹1,54,394 per 10 grams, while 22-carat gold remains at approximately ₹1,41,836 per 10 grams. Meanwhile, 18-carat gold is trending near ₹1,16,048 per 10 grams. Silver prices in India were observed trading at approximately ₹2,39,050 per kilogram.
City Gold/10g (24K) Gold/10g (22K) Gold/10g (18K) Silver per kg
New Delhi ₹156,360 ₹143,266 ₹117,218 241,340
Mumbai 156,560 ₹143,513 ₹117,420 ₹241,760
Patna 155,290 ₹141,349 ₹115,468 ₹240,190
Jaipur ₹154,340 ₹141,395 ₹116,505 ₹241,310
Kanpur ₹156,517 ₹141,181 ₹114,110 ₹240,920
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