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The purchasing of gold and silver is still in demand because the precious metals are still regarded as a good investment tool in India. Price changes of gold and silver on 12. 08. 2024 are briefly described below: Mumbai, Delhi, Chennai, and Kolkata are some of the major cities of India where gold and silver prices are Bucharest, These changes are being closely monitored by the investors as well as the buyers, more especially given the prevailing changes in the international market.
Gold Rates on August 12, 2024
The 24-carat gold rate in India presently is as follows: ₹69,820 for 10 grams as of the date August 12. This is about 6,982 rupees per gram. While the 916 purity gold, which is generally sold in India, has been quoted at ₹ 64,002 per 10 grams. Thus, these rates nominal are 0. 5% increase in the past three days, which is a somewhat better result – 13% for the past week. an increasing tendency, which has increased by 15% in the last ten days.
The following are the Gold Rates of Delhi on August 12, 2024
Prices in the national capital Delhi on August 12 on the same metal was ₹ 69700 for every 10 grams of gold. This is up slightly from the rate recorded for the previous day when one was able to purchase 10 grams for about ₹69,690. A week ago, on August 5, the gold price in Delhi was ₹69,150 for a 10 gm, which also points to the growing price.
Delhi Silver Price on August 12, 2024
Another similarly valued precious metal was silver which was retailing at ₹80,530 per kilogram in New Delhi on August 12. Today, on August 11, silver is available at ₹ 80,510 per kg, and one week ago on August 5, it was at ₹ 79,610 per kg. This suggests that the price of silver has been steadily rising over the week, more so, in the week to September.
Here we have provided the Mumbai Gold Rates updated for August 12, 2024.
Currently, as of August 12, for the same 10 grams in the financial capital of India, Mumbai the gold was quoted at ₹ 69,820. It was slightly below this at ₹69,810 per 10 grams on 11th August and at ₹69,270 per 10 grams on 5th August. The rise in gold prices over the period considered has been consistent in Mumbai, which has been the trend evidenced in the other cities in the country as well.
Mumbai Silver Price – August 12, 2024
Again, the silver was trading at ₹80,670 per kg in Mumbai on August 12. This is a slight increase from the previous day’s price of ₹80,650 per kilogram meant for export quality. Last week before the date of this article, the price of silver in Mumbai was ₹79950 per kilogram which shows the inclination of the price rise of silver in Mumbai.
Gold price further which was the Kolkata Gold Rates on August 12, 2024.
The 24-carat gold rate in Kolkata for August 12 was per 10 grams ₹ 69730. On August 11, the price stood at ₹69,720 per 10 gm, while a week ago on August 5, it was ₹69,180 per 10 gm. Even a sharp distinction such as that between the mean price of gold in Kolkata and that in other metropolitan cities shows a similar upward rise albeit at an altogether different pace.
Kolkata silver prices on the date August 12, 2024.
But as per the price of silver which was offered in Kolkata on August, 12 the price was ₹80,560 per kilogram. It has been constant to the previous day’s rate of ₹80,560 per kilogram. In the week, and more precisely five days ago, silver was priced at ₹79,640 per kilogram on August 5. The graph given below depicts a rising trend in the prices of silver in Kolkata over four years.
Chennai Gold Rates on 12th of August Year 2024
Chennai, the city with a very active gold market, was at ₹70,030 for 10 grams on August 12. On August 11, it was available for ₹70,010 per 10 grams, and one week prior, that is on August 5, it was available for ₹69,480 per 10 grams. A similar trend of gradual increase in the price of gold in the major city is substantiated by the present study through the findings of Chennai.
They are as follows: The rates for silver in Chennai on the 12th of August, 2024.
Silver for delivery in Chennai stood at ₹ 80,900 per kg on August 12. The rate was ₹80,890 per kilogram on the previous day and ₹79,980 per kilogram a week ago on August 5. The tables below provide the analysis of the monthly average price of the commodity in Chennai and the trend is similar to that of other cities.
MCX Futures on August 12, 2024
On MCX, gold futures contracts for October 2024, were up ₹146 and traded at ₹69,850 per 10 grams. At the same time, the September 2024 silver futures contracts were ₹80,510 per kilogram, down by ₹33.
Conclusion
Yet over the period the world economy has been full of risk which makes gold and silver significant for investors. The existence of a commendable increase in prices in key cities in India makes one infer that there is still a demand for these precious metals in the Indian markets such as Delhi, Mumbai, Kolkata, and Chennai among others. While investing in gold and silver, investors should ensure that they follow the market trends closely to establish the right time to invest as well as time to offload gold and silver as these commodities are volatile ones.
