Gold and Silver Rates Today, August 20, 2024:
From the date of this writing, August 20, 2024, we have observed changes in India’s gold and silver markets. The current prices for 24-carat gold are Rs 71,620 for 10 grams and for silver Rs 84,560 for one kilogram. These rates show an upward progression on both metals in the prior week.
Gold rates of the selected major Indian cities
Delhi:
The price of gold was Rs 71,490 per 10 grams in Delhi on August 20, up from Rs 71,280 on the previous day. Gold has risen nearly Rs 940 from last week’s price of Rs 70,550 as of August 13 in Delhi.
Mumbai:
The price of yellow metal in the financial capital of the country, Mumbai increased to Rs 71,620 for 10 grams today from Rs 71,410 on August 19. The price was Rs 70,670 per tola a week ago that is, on August 13, which has risen by Rs 950 during the week.
Kolkata:
Today’s gold prices in Kolkata have been set at Rs 71,520 for 10 grams of gold. It was Rs 71,310 on August 19 and the immediate previous rate prevailing on August 13 was Rs 70,580 only.
Chennai:
Chennai has emerged as having the highest price for gold among all the large cities, the current rate being 71,820 Rupees per 10 grams. It is higher than Rs 71,610 recorded on August 19 and Rs 70,880 on August 13.
The trends of the silver rate for the major metropolis in India as well as other larger cities have also been depicted here
Delhi:
The silver price in Delhi is Rs 84,420 per kilogram, up from Rs 83,320 per kilogram on August 20 from August 19. A week before that, to be precise, on August 13, the price hovered in the range of Rs 81,140 per kilogram.
Mumbai:
Silver is at the moment was Rs 84,560 per kilogram in Mumbai, up from Rs 83,570 on August 19 and Rs 81,280 on August 13.
Kolkata:
Today’s silver price in Kolkata has been established to be Rs 84,450 per kilogram. It is up from Rs 83,350 recorded on August 19 and Rs 81,670 on August 13.
Chennai:
Chennai has the highest silver prices at Rs 84,810 per kg today. This is higher than Rs 83,710 recorded on August 19, as well as Rs; 81,520 noted on August 13.
MCX Futures Overview
On the MCX, the gold futures contract for October 2024 was at Rs 71,598 per 10 grams, up Rs 223 compared to the previous close. But the silver futures contract for September 2024 opines a sharp hike, this is trading at Rs 84,344 per kilogram trailing up by Rs 1,131.
Key Takeaways:
- Gold and Silver on the Rise: Silver has also traded higher in the current week as compared to last week in the major Indian cities.
- Chennai Leads in Gold and Silver Rates: Hence, for both gold and silver, Chennai is the most favorable among the major cities with the highest rates continually being recorded.
- Steady Growth in MCX Futures: The Prices of gold & silver futures on MCX clearly show that the Bull run in precious metals is still on.
Watch out for market prospects to make an investment in gold as well as silver as the prices are establishing good figures for the current week.
