Gold, Silver Rate Today August 01: Gold getting costlier or trading down? Check 18, 22, 24 carat gold rates in Chennai, Mumbai, Delhi, Kolkata

According to the news agency IANS report, Gold and silver prices traded higher on Monday, with precious metals surging up to 1 per cent supported by a weaker US dollar and easing inflation concerns after crude oil prices plunged. Talking about the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,43,575 per 10 grams, compared with the previous close of Rs 1,43,106, news agency IANS reported.

At around 12:10 pm, gold was trading at Rs 1,44,173 per 10 grams, up Rs 1,067 or 0.75 per cent. During the session so far, the yellow metal touched an intraday high of Rs 1,44,230, an increase of about 0.8 per cent. Silver futures (September) also traded higher. The white metal rose as much as 1.26 per cent to touch an intraday high of Rs 2,24,955 per kg. At the last count, it was trading at Rs 2,24,844, up Rs 2,706 or 1.22 per cent.

At present, Gold rates in New Delhi are Rs 14,476 (24K), Rs 13,271 (22K), and Rs 10,861 (18K) per gram. Gold rates in Mumbai are Rs 14,461 (24K), Rs 13,256 (22K), and Rs 10,846 (18K) per gram. Gold rates in Chennai are Rs 14,461(24K), Rs 13,256 (22K), and Rs 11,071 (18K) per gram. Gold rates in Kolkata are Rs 14,461 (24K), Rs 13,256(22K), and Rs 10,846 (18K) per gram.

Are gold prices at an all-time high or low? What is the latest update?

For our readers’ reference, Gold pricing in India is determined by both global and local factors. The international price of gold, the U.S. Dollar’s strength, and local jewelry consumption, especially around holidays, all determine gold’s intrinsic value. Consequently, the buyer in India must contend with listings that vary based on broader economic factors and seasonal market factors.

As of August 01, the Gold rates in Chennai are Rs 14,461 (24K), Rs 13,256 (22K), and Rs 11,071 (18K). Gold rates in Mumbai are Rs 14,461(24K), Rs 13,256(22K), and Rs 10,846(18K). Gold rates in New Delhi are Rs 14,476(24K), Rs 13,271 (22K), and Rs 10,861 (18K).

Gold rates in Kolkata are Rs 14,461 (24K), Rs 13,256 (22K), and Rs 10,846(18K).Moreover, Gold rates in Bangalore are Rs 14,461(24K), Rs 13,256(22K), and Rs 10,846(18K).

Gold rates in Hyderabad are Rs 14,461(24K), Rs 13,256(22K), and Rs 10,846(18K). Gold rates in Kerala are Rs 14,461(24K), Rs 13,256(22K), and Rs 10,846(18K).

Today 24 Carat Gold Rate Per Gram in India (INR)

Indian Major Cities Gold Rates Today (1 gram)

What are the silver rates alongside gold for August 01?

Currently, the price of silver in India is Rs 234.90 per gram and Rs 2,34,900 per kilogram. Although it is often less expensive than gold, silver is still a common choice for investors and jewelry buyers, especially in countries that buy more silver ornaments than gold. The price of silver also depends on the global market, as the demand for silver for industrial use and manufacturing also plays a large part in price fluctuations.

Indian Major Cities Silver Rates Today