Gold and silver prices on August 7: Check latest rates in your city
Gold and silver prices: 10 grams of 22-carat gold is now priced at ₹55,300 in Delhi on Monday.
Gold prices in India remained unchanged on Monday, with one gram of 22-carat gold priced at ₹5,510 per gram according to the Goodreturns website. For 8 grams and 10 grams of 22-carat gold, the prices were recorded at ₹44,120 and ₹55,150, respectively. Similarly, the cost of 100 grams of 22-carat gold stood at ₹5,51,500.
A similar trend of continuation was observed in 24-carat gold prices. The present rate for 24-carat gold is ₹6,016.
Additionally, the price of silver also remained unchanged on Monday. The rate of one kilogram of silver is ₹75,100 across the nation.
| City | Gold (Rs/10g) | Silver (Rs/kg) |
| Chennai | 55,550 | 78,500 |
| Mumbai | 55,150 | 75,100 |
| Delhi | 55,300 | 75,100 |
| Kolkata | 55,150 | 75,100 |
The determination of gold prices in India results from various factors, including the inputs of reputable jewellers. These prices are influenced by a combination of elements such as global demand for gold, fluctuations in currency exchange rates, prevailing interest rates, and government policies related to the precious metal. Moreover, international factors like global economic growth and the relative strength of the US dollar against other currencies significantly shape gold prices within the country.
