Gold Prices Jump In India, Aug 16: Check Latest Yellow Metal Prices After Rally, Silver Rises Too

Gold price in India today jumped after remaining steady on August 15 as investors awaited Federal Reserve Chairman Jerome Powell's speech for cues on size of rate cut. 22k gold prices today surged by Rs 100 to Rs 65,650/10 grams on August 16 and 100 grams of 22 carat yellow metal prices today zoomed by Rs 1000 to Rs 6,56,500. 24k gold rate today surged by Rs 110 to Rs 71,620/10 grams and 100 grams of 24k precious metal prices rallied by Rs 1100 to Rs 7,16,200. 18k gold prices today soared by Rs 90 to Rs 53,720/10 grams and 100 grams of 18 carat yellow metal prices gained by Rs 900 to settle at Rs 5,37,200 on Friday.

Spot Gold, Spot Silver Prices Today: Spot gold slipped 0.2% to $2,450.91 per ounce, as of 0320 GMT and prices surged nearly 1% this week. U.S. gold futures declined 0.2% to $2,488.50. Spot silver declined 0.8% to $28.16 per ounce, platinum ticked 0.1% lower to $951.95 and palladium fell 0.2% to $942.64. All metals likely to register weekly gains, according to Reuters.

Silver Prices Today In India: Silver price in India today registered rally. 1kg silver prices today jumped by Rs 500 to Rs 84,000. 100 grams silver price today in the country surged by Rs 50 to Rs 8,400.

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold prices in India today surged by Rs 100, remained steady on August 15, declined by Rs 100 on August 14, rallied by Rs 950 on August 13, surged by Rs 250 on August 12, remained neutral on August 11, rallied by Rs 200 on August 10, surged by Rs 750 on August 9, remained steady on August 8, and fell by Rs 400 on August 7.

According to Reuters, "The bullish outlook for gold remains intact given the lower trajectory expected for global interest rates. The precious metal still poised to make a possible run at $2,500," said Tim Waterer, chief market analyst, KCM Trade. "But in the absence of a pick-up in safe haven demand, it may require the dollar and bond yield to take a step lower for gold to reach the $2,500 level."

1kg Silver price India movement in last 10-days

Silver price in India today jumped by Rs 500, fell by Rs 100 on August 15, surged by Rs 100 on August 14, gained sharply by Rs 1000 on August 13, declined by Rs 600 on August 12, remained steady on August 11, surged by Rs 100 on August 10, rose sharply by Rs 1500 on August 9, fell by Rs 500 on August 8, and again declined by Rs 500 on August 7.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On August 16, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat gold rate in Chennai today is Rs 6,565

Yellow Metal Price Mumbai: 1 gram of 22 carat gold price in Mumbai on August 16 is Rs 6,565

Precious Metal Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on August 16 is Rs 6,580

Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on August 16, 2024 is Rs 6,565

Gold Price Kerala: 1 gram of 22K gold prices in Kerala on August 16 is Rs 6,565

Yellow Metal Price Bangalore: 1 gram of 22 carat gold rate in Bangalore on August 16 is Rs 6,565.