Gold and Silver Rates Today On August 4: Check Latest Gold Rates in Your City

Gold and Silver Rates Today On August 4

Gold and Silver Rates Today On August 4: Gold prices in India today remain stable in the last 24 hours, the last massive fluctuation was after the Union Budget was announced that reduced the excise duty rates on Gold and Silver.

On August 4, the 22-carat per 10 grams in India is priced at Rs 64,700 while the 24-carat gold per 10 grams today in India stood at Rs 70,580.

The 22-carat gold has slightly increased by Rs 100 in the last 24 hours while the 24-carat gold rate has slightly reduced by Rs 110 compared to last day's price.

Yesterday, the 22-carat gold was priced at Rs 64,800 per 10 grams while the 24-carat gold was valued at Rs 70,690 per 10 grams.

The silver prices today in India stood at Rs 85,500 per kilogram, the prices have remained the same in the last 24 hours.

Also Read: Gold and Silver Rates Today On August 3: Check Latest Gold Rates in Your City

Check Latest Gold Rates in Your City

Let’s check out the gold prices today in different states in India:

Factors Influencing Gold Prices In India

Here are some factors that highly influence gold prices in India:

Exchange Rates: The Indian rupee's value against the US dollar has a high influence on gold prices. For example, When the value of other currencies increases against the Indian rupee then the price of gold increases.

Taxes: In India, there are several taxes that directly and highly influence the gold price in the country. If the taxes such as excise duty or state tax on gold increase then the rates of gold will also increase and if the tax rates fall then the gold rates also decrease.

Demand and Supply: When the demand for gold is higher than its supply then the gold rates will rise and when the supply is higher than its demand then the gold rates will fall in India.

Also Read: Gold and Silver Rates Today On August 2: Check Latest Gold Rates in Your City