Gold and Silver Rates Today On August 7: Check the Latest Gold Rates in Your City
Gold and Silver Rates Today On August 7: In MCX, the gold futures contracts maturing on October 2024 were trading at Rs 68,965 per 10 grams, the prices went down by Rs 344.
Gold and Silver Rates Today On August 7
Gold and Silver Rates Today On August 7: Gold and silver prices today in India dropped significantly compared to last day's prices.
The 22-carat gold today in India stands at Rs 63,900 per 10 grams while the 24-carat gold today in India costs Rs 69,710 per 10 grams.
The price of 22-carat gold rate today has been reduced by Rs 800 in the last 24 hours while the 24-carat rate today went down by Rs 870 compared to yesterday’s gold prices.
The 22-carat gold rate yesterday was priced at Rs 64,700 per 10 grams while the 24-carat yesterday cost Rs 70,580 per 10 grams.
The silver rate today in India stands at Rs 82,500 per kilogram, the silver price has dropped by a massive Rs 3,200 compared to last day’s silver rates.
Meanwhile, the 22-carat gold rate today per gram stands at Rs 6,389 and the 24-carat gold rate on Aug 7 in India costs Rs 6,970. Therefore, the gold prices today per gram slightly decreased in the last 24 hours.
In MCX, the gold futures contracts maturing on October 2024 were trading at Rs 68,965 per 10 grams, the prices went down by Rs 344.
The silver futures maturing on September 2024 were trading at 79,620 per kilogram, the rate of silver futures went down by Rs 22.
Check the Latest Gold Rates in Your City
Let’s check out the latest gold prices in different cities in India:
| City | 24 carat rates (per 10 grams) | 22 carat rates (per 10 grams) |
| Delhi | Rs 69,860 | Rs 64,050 |
| Mumbai | Rs 69,710 | Rs 63,900 |
| Chennai | Rs 69,820 | Rs 64,000 |
| Kolkata | Rs 69,710 | Rs 63,900 |
| Hyderabad | Rs 69,710 | Rs 63,900 |
| Bangalore | Rs 69,710 | Rs 63,900 |
| Bhubaneswar | Rs 69,710 | Rs 63,900 |
However, the last massive drop in gold and silver rates was recorded after the Union Budget 2024 was introduced by Finance Minister Sitharaman which reduced the excise duty tax imposed on gold and silver to 6% from 15%.
There are various factors such as Exchange rates, Geopolitical factors, demand and supply, and many others that highly influence the gold rates in India.
Also Read: Gold and Silver Rates Today On August 6: Check the Latest Gold Rates in Your City
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