Gold and Silver Rates Rise in India
The retail business of gold in India continues until late evening, while the wholesale business closes in the evening. The latest news on gold and silver closing rates, as well as rates in major cities across the country, have been announced.
Closing Rates for Gold and Silver
According to the India Bullion and Jewelers Association, the price of gold stood at Rs 59,582 this evening, up Rs 90 from the morning rate of Rs 59,492. Gold had closed at Rs 58,934 per ten grams on the previous trading day, making today’s gain Rs 648 per 10 grams compared to the previous trading day.
Silver closed today at the level of Rs 72,420 per kg, an increase of Rs 136 from the morning rate of Rs 72,284. On the last trading day, the rate of silver was Rs 71,062 per kg, making today’s rate a decrease of Rs 1,358 per kg compared to yesterday.
All-Time Highs and Current Rates
Gold is currently selling at a rate of Rs 2,064 cheaper than its all-time high of Rs 61,646 on May 4, 2023. Silver is also trading below its all-time high by Rs 4,044, which was Rs 76,464 on May 4, 2023.
Business in MCX and International Market
On the Multi Commodity Exchange (MCX), futures trade of gold on August 4, 2023, is trading at a level of Rs 59,521.00 with a gain of Rs 166.00. Meanwhile, the futures trade of silver on July 5, 2023, is trading at a level of Rs 72,572.00 with a gain of Rs 446.00. In the international market, gold is trading at a rate of $1,964.87 an ounce, while silver is trading at $24.02 per ounce.
Conclusion
Gold and silver rates have risen in India, with gold currently selling below its all-time high. The rates of these precious metals in major cities across India have been announced, providing valuable information to traders.
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