Gold Prices Edge Higher as Buyers Watch Latest Rates Across Major Indian Cities
Gold and silver prices recorded a slight increase on Thursday, with bullion rates remaining high across major cities as global uncertainty and market trends continued influencing precious metal prices nationwide.
Gold Prices Rise Again
Gold prices have moved up slightly once again, reversing the brief relief buyers experienced in recent days. Market analysts say persistent global uncertainty and geopolitical tensions are continuing to support higher bullion prices, keeping both gold and silver on an upward path.
According to the latest domestic market rates recorded on the morning of August 6, 24 carat gold is priced at Rs 1,45,760 per 10 grams, while 22 carat gold stands at Rs 1,33,610 per 10 grams. Silver has also registered a modest increase of Rs 100 per kilogram, taking its price to Rs 2,40,100.
Gold and Silver Rates in Major Cities
Hyderabad continues to quote 24 carat gold at Rs 1,45,760 per 10 grams and 22 carat gold at Rs 1,33,610. Silver is available at Rs 2,40,100 per kilogram.
The same prices are being reported in Vijayawada and Visakhapatnam, where 24 carat gold is selling at Rs 1,45,760 and 22 carat gold at Rs 1,33,610 per 10 grams. Silver remains at Rs 2,40,100 per kilogram.
In Delhi, 24 carat gold is slightly higher at Rs 1,45,910 per 10 grams, while 22 carat gold is priced at Rs 1,33,760. Silver is trading at Rs 2,40,100 per kilogram.
Mumbai records 24 carat gold at Rs 1,45,760 and 22 carat gold at Rs 1,33,610 per 10 grams. Silver is quoted at Rs 2,40,100 per kilogram.
Chennai also reports 24 carat gold at Rs 1,45,760 and 22 carat gold at Rs 1,33,610 per 10 grams, with silver priced at Rs 2,40,100 per kilogram.
In Bengaluru, the price of 24 carat gold stands at Rs 1,45,760 per 10 grams, while 22 carat gold is available at Rs 1,33,610. Silver is trading at Rs 2,40,100 per kilogram.
Why Prices Continue to Fluctuate
Bullion experts believe that international developments, including geopolitical tensions and uncertainty in global financial markets, are keeping demand for safe haven assets strong. As a result, gold and silver prices continue to witness regular fluctuations.
Consumers should also note that precious metal prices are not identical across every city. Local demand, supply conditions, transportation costs, and state level taxes can lead to slight variations in rates from one region to another. Buyers planning to purchase gold are advised to check the latest local prices before making a purchase decision.
