Gold and silver prices on August 5: Check latest rates in your city

Gold and silver prices: 10 grams of 22-carat gold is now priced at ₹55,300 in Delhi on Saturday.

Published on: Aug 5, 2023, 11:34:35 IST

By HT News Desk

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Gold prices in India experienced a gain of ₹20 per gram on Saturday, with 22-carat gold priced at ₹5,515/g as per Goodreturns data. For 8 grams and 10 grams of 22-carat gold, the prices stand at ₹44,120 and ₹55,150, respectively. Similarly, the price of 100 grams of 22-carat gold is ₹5,51,500.

In the 24-carat gold, a similar trend persisted as that of 22-carat gold. The current rate for 24-carat gold stands at ₹6,016 registering a jump of ₹21 from yesterday's price.

Furthermore, the price of silver advanced ₹300 per kg on Saturday, with the value of one kilogram of silver priced at ₹75,100 nationally.

City	Gold (Rs/10g)	Silver (Rs/kg)
Chennai	55,550	78,500
Mumbai	55,150	75,100
Delhi	55,300	75,100
Kolkata	55,150	75,100

The determination of gold prices in India is influenced by renowned jewellers and is shaped by an interplay of multiple factors. These encompass global gold demand, currency exchange fluctuations, prevalent interest rates, and government policies concerning the precious metal. Additionally, international dynamics like global economic growth and the strength of the US dollar vis-à-vis other currencies also exert substantial influence over gold prices within the country.

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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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