COMMODITY MARKET UPDATES: In today's report on the commodity market, we bring you the latest developments in gold and silver prices as of August 30. Investors and enthusiasts can stay updated on the current rates in their respective cities.
Gold Market Highlights: On Wednesday, August 30, gold prices exhibited a slight upward movement compared to the previous day. The coveted yellow metal was valued at Rs. 54,850 per 10 grams for 22-carat purity and Rs. 59,820 per 10 grams for the more refined 24-carat variant in the spot market.
In the domestic futures market, gold prices demonstrated gains during the morning trading session on August 30. At around 10:20 am, MCX Gold for delivery in October 5 was trading 0.11% higher, standing at Rs. 59,330 per 10 grams.
Here's a glimpse of 24K Gold Prices (per 10 grams) across major metro cities on August 30:
Bangalore: Rs. 59,670 Chennai: Rs. 60,220 Delhi: Rs. 59,820 Kolkata: Rs. 59,670 Mumbai: Rs. 59,670 Pune: Rs. 59,670 For those interested in 22K Gold, the prices (per 10 grams) in major cities on the same date were as follows:
Bangalore: Rs. 54,700 Chennai: Rs. 55,200 Delhi: Rs. 54,850 Kolkata: Rs. 54,700 Mumbai: Rs. 54,700 Pune: Rs. 54,700 Keep in mind that the aforementioned rates do not account for GST and other applicable levies. While 24K gold is available in forms like bars and coins, typical gold jewelry often ranges in purity from 18K to 22K.
Silver Market Outlook: On August 30, silver prices demonstrated the following values for different quantities: Rs. 745.50 for 10 grams, Rs. 7,455.50 for 100 grams, and Rs. 74,550 for 1 kilogram.
Per 10 grams, here are the latest silver prices in prominent Indian cities as of August 30:
Bangalore: Rs. 745.50 Chennai: Rs. 745.50 Delhi: Rs. 745.50 Kolkata: Rs. 745.50 Mumbai: Rs. 745.50 Pune: Rs. 745.50 Similarly, the silver rates per 100 grams were consistent across these major cities:
Bangalore: Rs. 7,455 Chennai: Rs. 7,455 Delhi: Rs. 7,455 Kolkata: Rs. 7,455 Mumbai: Rs. 7,455 Pune: Rs. 7,455 Lastly, for those considering larger quantities, the silver price per kilogram remained uniform across the major cities:
Bangalore: Rs. 74,550 Chennai: Rs. 74,550 Delhi: Rs. 74,550 Kolkata: Rs. 74,550 Mumbai: Rs. 74,550 Pune: Rs. 74,550
Understanding Price Fluctuations: These fluctuations in gold and silver prices are subject to a multitude of influencing factors. Global demand for gold, currency valuations in various nations, prevailing interest rates, and other economic dynamics collectively contribute to the ever-changing landscape of these precious metal prices.
Gold and Silver Prices on August 29, Stay Updated with Current Rates in Your City