Gold and Silver Rates Today On August 12: Check the Latest Gold Rates in Your City

Gold and Silver Rates Today On August 12

Gold and Silver Rates Today On August 12: For the second consecutive day, the gold prices today in India have remained unchanged in the last 24 hours.

On August 12, the 22-carat gold rate today in India stands at Rs 64,450 per 10 grams while the 24-carat gold rate today costs Rs 70,310 per 10 grams.

Yesterday also the 22-carat gold rate was priced at Rs Rs 64,450 per 10 grams and the 24-carat gold price was valued at Rs Rs 70,310 per 10 grams.

The silver rate today in India stands at Rs 83,100 per kilogram, the silver price remains the same compared to last day’s prices.

In the MCX, the gold futures contracts maturing in October 2024 went up by Rs 146 and were trading at Rs 69,850 per 10 gm while the silver futures contracts maturing in September 2024 increased by Rs 33 and were trading at Rs 80,510 per kilogram.

If you are planning to invest in gold or planning to buy jewelers then it is advised to stay up to date with prevailing gold rates before doing so.

Also Read: Gold and Silver Rates Today On August 11: Check the Latest Gold Rates in Your City

Check the Latest Gold Rates in Your City

Let’s check out the gold rates prevailing in different cities in India:

The last massive drop in gold and silver rates was recorded in July 2024 when the Finance Minister reduced the excise duty imposed on gold and silver from 15% to 6%.

However, there are several factors that highly influence the gold and silver rates in India such as Geopolitical factors, exchange rates, taxes, and many others.

Also Read: Gold and Silver Rates Today On August 10: Check the Latest Gold Rates in Your City