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

Gold prices today: K or carat is a term used to measure the purity of gold. A 24K gold is also known as pure gold because it has 99.9 per cent purity

Published on: Jul 8, 2023, 10:08:57 IST

By HT News Desk

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Gold prices remained unchanged for major cities on Saturday. According to website Goodreturns, one gram of 22 carat or 22k gold costs ₹5,415 while 24 carat or 24K gold is priced at ₹5,907.

K or carat is a term used to measure the purity of gold. A 24K gold is also known as pure gold because it has 99.9 per cent purity. It does not have traces of other metals. A 22K gold has 22 parts of gold mixed with traces of other metals like copper and zinc.

Gold is treated as a safe and trustworthy form of investment. It is an excellent hedge against inflation. It is traded in the form of bars, coins, jewellery, exchanges, exchange trade funds etc.

Here are the gold and silver prices for major Indian cities on July 8, 2023.

CITY	22K GOLD PRICE (Rs/10 GM)	24K GOLD PRICE (Rs/10 GM)
DELHI	54,300	59,220
MUMBAI	54,150	59,070
KOLKATA	54,150	59,070
CHENNAI	54,570	59,560
BENGALURU	54,150	59,070

Gold prices are dependent on numerous factors including currency, global demand, interest rates and government policies. If the rupee slides against dollar, the price of the metal will increase.

Silver

The price of silver almost remained unchanged on Saturday. According to Goodreturns website, one gram of silver costs ₹73.30 today. This metal is always in demand in jewellery markets in India. Silver is cheaper than gold.

Here are the silver prices in major Indian cities on July 8, 2023.

CITY	SILVER PRICE (Rs/10 GM)
DELHI	733
MUMBAI	733
KOLKATA	733
CHENNAI	767
BENGALURU	727.50

Silver prices in India are dependent on factors including gold rates, bulk purchases, inflation, industrial demand etc. If the price of gold increases, the silver price will also increase.

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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