Gold and Silver Rates Vary Across Major Indian Cities
This morning, gold and silver trading started in major cities across India with varying rates. The rates of gold and silver in MCX and international markets are tax-free, so there will be a difference between the rates in the country’s markets. Here are the rates of most of the big cities in India for 22ct (22 carat) and 24ct (24 carat) gold prices per 10 grams:
– Delhi: 22ct- 55,850 INR, 24ct- 59,809 INR
– Mumbai: 22ct- 54,800 INR, 24ct- 58,800 INR
– Kolkata: 22ct- 57,070 INR, 24ct- 60,904 INR
– Chennai: 22ct- 53,020 INR, 24ct- 57,740 INR
According to the website of the Indian Bullion Jewelers Association, today the rate of gold has opened at the level of Rs 59,308 per ten grams, a gain of Rs 81 per ten grams from the previous trading day. However, gold is currently selling cheaper by about Rs 2,277 per 10 grams from its all-time high, which occurred on May 11, 2023, at the level of Rs 61,585 per ten grams.
Meanwhile, the rate of silver has opened at Rs 72,263 per kg, a fall of Rs 96 per kg from the previous trading day.
In the Multi Commodity Exchange (MCX), gold futures trade of August 4, 2023, is trading at a level of Rs 59,247.00 with a gain of Rs 90.00. On the other hand, silver futures trade of July 5, 2023, is trading at a level of Rs 72,430.00 with a fall of Rs 16.00.
In the international market, gold is trading down by $1.18 at a rate of $1,951.14 an ounce, while silver is trading down by $0.07 at the level of $23.93 an ounce.
The rates of gold and silver tend to fluctuate due to various factors, including global economic conditions, demand and supply, and other geopolitical factors. It is advisable to stay updated with the latest news and trends before investing in gold or silver.
In conclusion, gold and silver rates vary across major Indian cities, with Delhi having the highest rates for both 22ct and 24ct gold. The rates of gold and silver are currently fluctuating, and it is advisable to stay updated with the latest news and trends before investing in these precious metals.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
