Gold and silver prices on August 9: Check latest rates in your city

Gold and silver prices: 10 grams of 22-carat gold is now priced at ₹55,200 in Delhi on Wednesday.

Published on: Aug 9, 2023, 10:18:42 IST

By HT News Desk

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Gold and silver prices in India experienced a modest decline on Wednesday. The cost of 22-carat gold witnessed a marginal reduction of ₹10 per gram, settling at ₹5,495 per gram. For larger quantities, 8 grams and 10 grams of 22-carat gold were priced at ₹43,960 and ₹54,950 respectively. Notably, the price for 100 grams of 22-carat gold stood at ₹5,49,500.

A comparable trajectory was observed in the prices of 24-carat gold, where one gram was valued at ₹5,995.

Silver prices, however, maintained stability with one kilogram of silver priced at ₹74,000 on a national scale.

City	Gold (Rs/10gram)	Silver (Rs/kg)
Chennai	55,300	76,700
Mumbai	54,950	74,000
Delhi	55,100	74,000
Kolkata	54,950	74,000

These price fluctuations are influenced by a range of determinants, including insights from reputable jewellers. Various factors contribute to these shifts, encompassing global demand for gold, currency valuations across different nations, prevailing interest rates, and governmental regulations related to gold trade. Additionally, worldwide occurrences, such as the overall health of the global economy and the relative strength of the US dollar in comparison to other currencies, play a significant role in shaping gold prices in the Indian market.

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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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