Gold Silver Rates Today, August 6: 24K, 22K, 18K Gold Prices In Chennai, Hyderabad, Delhi, Mumbai, More Cities

Gold rates in India are seeing an uptrend on Thursday due to positive global cues. In the early hours of August 6th, at GoodReturns tracker, all 24 carat, 22 carat and 18 carat are trading higher by Rs 100 to Re 1 across grams. The rates are expected to go higher as the day progresses. In the global market, spot gold surged to seven-week high to reclaim above $4,300 mark and spot silver gained above $62 pivotal levels, signaling fresh buying momentum. Meanwhile, MCX gold surged near RS 1.49 lakh per 10 grams and MCX silver price outperformed 3% to trade above Rs 2,75,500 overnight.

"The rally was supported by renewed optimism surrounding US-Iran negotiations, although market participants remain cautious as the final outcome will depend on official confirmation and statements from Iran. Until a formal agreement is reached, geopolitical uncertainty is likely to keep a risk premium embedded in bullion prices," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Going forward, the analysts believe that the market's focus shifts to the US ADP Employment Change data, followed by the Non-Farm Payrolls and Unemployment Rate, which will be key indicators for the Federal Reserve's interest rate outlook. These releases are expected to drive the next major move in gold.

Gold Rates In Chennai, Hyderabad, Delhi, Mumbai, Kolkata, Bengaluru

24 Carat Gold Prices: 1 gram gold price stood at Rs 14,576 each in cities like Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune. Meanwhile, 1 gram gold stood at Rs 14,591 in Delhi and at Rs 14,581 per 1 gram each in Vadodara and Ahmedabad.

22 Carat Gold Prices: 1 gram gold is priced at Rs 13,361 in cities like Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. 1 gram gold price stood at Rs 13,376 in Delhi, while the rate is at Rs 13,366 in Vadodara and Ahmedabad.

18 Carat Gold Prices: Furthermore, 1 gram gold rate in 18 carat stood at Rs 11,176 in cities like Chennai, while at RS 10,932 each in cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. Meanwhile, 1 gram gold is at Rs 10,947 in Delhi and at Rs 10,937 in Vadodara and Ahmedabad.

Silver Rates In Major Cities:

In the early hours of August 6, silver rates also edged higher.

1Kg silver price stood at Rs 2,40,100 across the cities. While 100 grams and 10 grams silver prices are at Rs 24,010 and Rs 2,401 in these cities.

Stay tuned for more updates on gold and silver prices.