Gold and silver prices on April 8: Check latest rates in your city

The purity of gold is denoted by 'K' which means carat. A 24K gold is also called pure gold and has 99.9 per cent purity.

Published on: Apr 8, 2023, 10:08:00 IST

By HT News Desk

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Gold rates decreased by ₹10 per gram on Saturday as compared to Friday's price. According to website Goodreturns, the price of 22 carat gold stood at ₹5,580 per gram. On the other hand, the price of 1 gm of 24 carat gold stood at ₹6,087, a dip by ₹11 as compared to Friday's rate.

In the national capital, the price of 10 gms of 24 carat and 22 carat gold stood at ₹61,020 and ₹55,950 respectively. In maximum city Mumbai, 22 carat gold is worth ₹55,850 per 10 gms while that of 10 gms 24 carat gold is ₹60,870.

The purity of gold is denoted by 'K' which means carat. A 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc.

Here are the gold rates in other Indian cities on April 8, 2023.

On Thursday, the price of 10 grams of gold was decreased by ₹110 to ₹57,870. (Istock)

CITY	22K GOLD (Rs/10 GMS)	24K GOLD (Rs/10 GMS)
CHENNAI	56,400	61,530
KOLKATA	55,800	60,870
BENGALURU	55,850	60,920
HYDERABAD	55,800	60,870
LUCKNOW	55,950	61,020

Gold rates in India are decided through several factors including global demand, government policies and currency. In case the Indian rupee slides against US dollar, the price of gold will increase.

Silver

The price of silver remained unchanged on Saturday. In India, the rates of silver are determined by factors including industrial demand, gold rates, inflation etc. If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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