Gold and Silver Rates Today On August 31: Check the Latest Gold Rates in Your City

Gold and Silver Rates Today On August 31

Gold and Silver Rates Today On August 31: After the gold price stayed stable the previous day, the gold rate today in India has decreased slightly.

On August 31, the 22-carat gold rate today in India is priced at Rs 67,050 per 10 grams while the 24-carat gold rate today stands at Rs 73,150 per 10 grams.

The gold rate today for 22-carat has decreased by Rs 100 while the 24-carat gold rate today has declined by Rs 100.

Yesterday, the gold rate for 22-carat was priced at Rs 67,150 per 10 grams and the gold rate for 24-carat stood at Rs 73,250 per 10 grams.

The silver rate today in India stands at Rs 88,400, the silver price has reduced in the last 24 hours.

In the MCX, the gold contracts, maturing on September 2024 declined by 24.3% and were trading at Rs 2,536 per gm while the silver futures were down by 2.48% and were trading at Rs 29.245.

Also Read: Gold and Silver Rates Today On August 29: Check the Latest Gold Rates in Your City

Let's dive into the current prices of gold in India's different cities:

The last massive gold and silver price fluctuation was recorded after the announcement of the Union Budget 2024 on 23rd July which reduced the excise duty tax imposed on gold and silver from 15% to 6%.

This announcement from the Finance Minister led to a massive decline of Rs 4000 in gold and silver rates on the next day.

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