Gold Prices Jump In India, Aug 29: Check 18k, 22k, 24k Gold Price After Rise, Silver Slips

Gold price in India on Thursday witnessed marginal surge amid firmer US dollar as investors shifted their focus to crucial inflation data for hints on the size of Federal Reserve's potential interest-rate cut in upcoming meeting in September. 22K gold prices today surged by Rs 10 to Rs 67,160/10 grams and 100 grams of 22 carat precious metal prices today in India soared marginally by Rs 100 to settle at Rs 6,71,600. 24k gold prices today zoomed by Rs 10 to Rs 73,260/10 grams and 100 grams of 24 carat yellow metal prices today in the country rose by Rs 100 to Rs 7,32,600.

18k gold prices today in India gained by Rs 10 to Rs 54,950/10 grams and 100 grams of 18 carat precious metal prices soared by Rs 100 to Rs 5,49,500. 1 gram gold rate today for 22k gold prices surged by Re 1 to Rs 6716 and 1 gram gold price today for 24k gold jumped by Re 1 to Rs 7326. 1 gram gold price today for 18k gold today rallied by Re 1 to 5495.

Spot Gold, Spot Silver Prices Today: Spot gold gained 0.46% to $2,513.73 per ounce, as of 0034 GMT. Bullion touched a record high of $2,531.60 on August 20. Spot silver edged up 0.5% to $29.245 per ounce, platinum gained 0.22% to $932.06 and palladium surged 0.2% to $948.31, according to Reuters.

Silver Prices Today In India: Silver price in India today witnessed decline. 1kg silver prices on August 27 fell by Rs 100 to Rs 88,400. 100 grams silver price today in India slipped by Rs 10 to Rs 8,840.

22k Gold Price Movement In Last 10-Days In India (1 gram)

22k gold prices in India today jumped by Re 1, surged by Rs 21 on August 28, fell by Re 1 on August 27, stayed steady on August 26, did not witness any changes on August 25, surged by Rs 35 on August 24, declined by Rs 20 on August 23, slipped by Rs 30 on August 22, surged by Rs 50 on August 21, slipped by Rs 10 on August 20, and remained steady on August 19.

According to Reuters, "We're seeing a little pressure coming from a bit firmer dollar. And at this point, we're waiting for further information to drive this market either one direction or the other based on that inflationary data," said David Meger, director of metals trading at High Ridge Futures.

If Friday's PCE numbers come in lower than expected, it could boost expectations of a more dovish Fed, creating upside potential for gold, said Ricardo Evangelista, senior analyst at ActivTrades in a note.

1kg Silver price India movement in last 10-days

Silver price in India today fell by Rs 100, remained steady on Aug 28, recorded jump of Rs 600 on August 27, fell by Rs 100 on August 26, remained steady on August 25, surged by Rs 1300 on August 24, declined by Rs 300 on August 23, stayed stable on August 22, remained steady on August 21, zoomed by Rs 1100 on August 20, fell by Rs 100 on August 19, and remained steady on August 18.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On August 29, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat gold rate in Chennai today is Rs 6,716

Yellow Metal Price Mumbai: 1 gram of 22 carat gold price in Mumbai on August 29 is Rs 6,716

Gold Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on August 29 is Rs 6,731

Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on August 29, 2024 is Rs 6,716

Gold Price Kerala: 1 gram of 22K gold prices in Kerala on August 29 is Rs 6,716

Yellow Metal Price Bangalore: 1 gram of 22 carat gold rate in Bangalore on August 29 is Rs 6,716.