Gold Price Delhi August 10: Gold Dips Marginally, Big Decline In Silver

Gold prices eased by Rs 60 to Rs 52,811 per 10 grams in the national capital on Wednesday in line with losses in the precious metal in the global markets, according to HDFC Securities.

The precious metal had closed at Rs 52,871 per 10 grams in the previous trade. Silver declined by Rs 575 to Rs 58,985 per kg from Rs 59,560 per kg in the previous trade, according to a PTI report.

The rupee appreciated by 11 paise to 79.52 against the US dollar in afternoon trade on Wednesday on easing crude oil prices and foreign fund inflows.

In the international market, gold was quoting lower at USD 1,789 per ounce while silver was flat at USD 20.35 per ounce, added the PTI report.

"Gold prices traded weak with spot gold prices at COMEX trading at USD 1,789 per ounce on Wednesday," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

Where To Sell Physical Gold In India For Cash?
Gold is an important investment and in India the demand for gold peaks during wedding and festival season. When you invest in gold, it helps you grow your wealth. In India, people like to use it as an investment option for ages. The price of gold in Delhi today is Rs 47,780 per 10 gram for 22-carat gold. When gold prices peak, many in India desire to sell their ornaments to get cash in return for various reasons. You can get various to sell your ornaments in India.

But, when you sell gold to local jewelers or a craftsmen, they may manipulate you and take advantage of the situation by deducting massive amount in the name of melting charge, wastage charge, bill unavailability, etc. Below are some options that you may explore if you are planning to sell your old gold:

Muthoot Gold Point: You can sell your old gold to get cash instantly at Muthoot Gold Point. According to the website, they offer free purity testing of your gold, follow 100% transparent process, provide free ultrasonic cleaning of ornaments. How it works? Visit Gold Point where customers give their gold to Muthoot Gold Point for valuation. Next step is gold cleaning wherein all the dirt is removed from gold with ultrasonic machine. In the third step, they will conduct gold valuation wherein they will check value, weight and purity of Gold on advanced XRF machines in front of you. In 4th step gold is valued as per current price and in final step you can get up to Rs 10,000 as cash. Amounts higher than Rs 10,000 instantly paid to your bank account via NEFT/IMPS/RT.

MMTC-PAMP: You can sell your gold for cash at MMTC-PAMP. In the first step, your gold is weighed on our authenticated scales and value measured from X-Ray Fluorescence Technology machines to ensure you get the full value of your old gold. In second step, they will be melting your gold in front of you after weighing and testing the quality of your gold. In final step, they will inform your about their gold buyback rate and service charge before melting your gold. They will give you full value of your gold through instant bank payment.

Gold Max: It also accepts your old gold coins, unused second hand jewellery for instant spot cash They accept all gold coins, silver coins, platinum jewellery. According to the website, "Irrespective of the form of gold, be it broken gold, scrap gold, damaged gold or gold coins and jewellery considering, GOLDMAX will buy it and you will instantly get cash for gold."

MobiKWiK: You can sell your gold at MobiKwiK app. According to the website, "you need to follow two steps to sell your gold. Login to MobiKwik Customer portal using your mobile number.

Enter the amount of gold you want to sell (This could be either in grams or INR)." The site claims that the payment will be credited to your bank account associated with your MobiKwiK wallet or by providing the UPI address. The amount will be credited to your account within 48 business hours.