Gold Rate In India, August 10: 24K, 22K, 18K Prices Pause Near Record Level; Silver Flat Too

Yellow metal this week remained mostly on the upside and rose for six straight sessions before dropping a day before. On Sunday, gold rate in India is taking a breather, with no major movement recorded in early trade. Both the pure and standard gold are near the record high in the bullion market.

Traditionally, the months of August and September observe strong gold and jewellery demand due to the festive season. However, with gold prices in India hitting record highs earlier, buyers are now more cautious and postponing big jewellery purchases.

In the international gold market, spot gold is also under pressure as it pares its recent gains following a profit-booking session yesterday. Currently, spot gold prices are trading around USD 3,400 per ounce, near their all-time highs.

Gold Rate in India Today

Since there is no movement in gold prices On August 10th, 22-carat gold rates in India are currently steady at Rs. 94,450 per 10 grams, while the 24-carat gold rates are at Rs. 1,03,040 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 77,280 per 10 grams.

Similarly, 100 grams of 24-carat gold rates are now priced at Rs 1,030,400, while the 22-carat gold today costs Rs 9,44,500.

Silver Rate in India Today

The silver rate in India today also observed no rise or fall and remained steady at yesterday's performance. Currently, 1 kg of silver costs Rs 1,17,000 while 100 g costs Rs 11,700.

Gold Price Outlook Ahead

"We expect precious metals prices on Indian bourses to trade range bound to higher; as gold prices are on track for its biggest weekly climb in a month as a slew of US tariffs came into effect and as President Donald Trump named a temporary Federal Reserve governor expected to echo his calls for lower interest rates. Bullion typically benefits in a lower rate environment. The precious metal has climbed 30% this year, though the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market." As per Nirmag Securities.

MCX Gold Futures and Silver Futures Prices

At the end of trading on Friday, 8th August, gold & silver futures on the Multi-Commodity Exchange settled higher. Gold futures prices on the MCX, maturing on October 3rd, closed at Rs. 101,949 per 10 grams, up 0.47%. Similarly, silver futures expiring on September 5th settled at Rs 1,14,967, which rose by 0.60%.

Spot Gold Prices + Spot Silver Price Today

According to goldprice.org, spot gold is currently at $3,398.17, up by 0.32%, while spot silver is priced at $38.34, up by 0.41%.

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of August 10.

Gold Rates in Chennai

The 24-carat gold rate in Chennai stands at Rs. 1,03,040 per 10 grams, while the 22-carat gold retails at Rs. 94,450 per 10 grams.

Gold Rates In Bangalore

The gold rate in Bangalore for 24-carat is Rs. 1,03,040 per 10 grams, and the 22-carat gold rate in Bangalore is Rs. 94,450 per 10 grams.

Gold Rates in Hyderabad

The 24K gold price in Hyderabad is Rs. 1,03,040 per 10 grams, and the 22K gold rate there is Rs. 94,450 per 10 grams.

Gold Rates In Mumbai

The 22-carat gold rate in Mumbai is Rs. 1,03,040 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs. 94,450 per 10 grams.

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