Gold Silver Rates Today Crashes: Check Gold & Silver Prices In Chennai, Mumbai, Delhi, Bangalore, Hyderabad

Gold rates and silver rates in India have dropped sharply on August 19, tracking the broad-based selloffs in global market. MCX gold is struggling around the Rs 1.54 lakh mark in 10 grams, while the MCX silver price traded around Rs 2.29 lakh per 1Kg level but also emerged as the worst performer of Wednesday. Meanwhile, spot gold and spot silver traded volatilely towards $4,395 per ounce and $65 per ounce, respectively. For precious metals, upcoming Fed minutes that are scheduled today are important for rates' trajectory ahead. Precious metals are under pressure due to rising treasury yields, elevated crude oil prices and uncertain Middle East conflict.

Gold Rates In India Today + Silver Rates In India Today

On August 19, 24 carat gold dropped by Rs 9,200 in 100 grams to Rs 15,49,700 and dipped by Rs 920 to Rs 1,54,970 in 10 grams. While 22 carat gold declined by Rs 8,500 in 100 grams to Rs 14,20,500 and tumbled by Rs 850 to Rs 1,42,050 in 10 grams. In case of 18 carat, 10 grams gold slipped by Rs 690 to Rs 1,16,230 and 100 grams gold price collapsed by Rs 6,900 to Rs 11,62,300 respectively.

Gram	24K	22K	18K
1g	₹15,497 (-92)	₹14,205 (-85)	₹11,623 (-69)
8g	₹1,23,976 (-736)	₹1,13,640 (-680)	₹92,984 (-552)
10g	₹1,54,970 (-920)	₹1,42,050 (-850)	₹1,16,230 (-690)
100g	₹15,49,700 (-9,200)	₹14,20,500 (-8,500)	₹11,62,300 (-6,900)

Meantime, 1Kg silver price plummeted by Rs 5,000 to Rs 2.45 lakh and 100 grams silver dropped by Rs 500 to Rs 24,500. The 10 grams and 8 grams silver are down by Rs 50 and Rs 40 to Rs 2,450 and Rs 1,960 respectively. 1 gram silver is at Rs 245, lower by Rs 5.

Gram	Today	Yesterday	Change
1	₹245	₹250	-₹5
8	₹1,960	₹2,000	-₹40
10	₹2,450	₹2,500	-₹50
100	₹24,500	₹25,000	-₹500
1,000	₹2,45,000	₹2,50,000	-₹5,000

"Investors await the Federal Reserve's July meeting minutes and Chairman Kevin Warsh's Jackson Hole remarks for monetary policy cues. The US 30-year Treasury yield hit its highest level since 2007, while Japan and European yields reached multi-year highs. The dollar index steadied around 99.6 level after touching more than two-month lows," said Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.

Further, the analyst said, on the geopolitical front. Qatar's foreign ministry spokesman said Qatar hopes to reach an agreement to reopen the Strait of Hormuz while securing a ceasefire. Trump says no talks taking place with Iran, Hormuz blockade remains in force also limits upside in bullion.

Gold Rates In Major Cities:

Gold Rates In Chennai: 24 carat gold is at Rs 1,54,970 per 10 grams, while 22 carat and 18 carat gold prices are at Rs 1,42,050 and Rs 1,19,850.

Gold Rates In Mumbai: The price of 10 grams of gold stood at Rs 1,54,970 in 24 carat, at Rs 1,42,050 in 22 carat and at Rs 1,16,230 in 18 carat.

Gold Rates In Hyderabad: In Hyderabad as well, 10 grams gold rate stood at Rs 1,54,970 in 24 carat, at Rs 1,42,050 in 22 carat and at Rs 1,16,230 in 18 carat.

Gold Rates In Bangalore: Similarly in Bangalore, the 10 grams gold rate is at Rs Rs 1,54,970 in 24 carat, at Rs 1,42,050 in 22 carat and at Rs 1,16,230 in 18 carat.

Gold Rates In Delhi: In the national capital, gold rate stood at Rs 1,55,120 per 10 grams in 24 carat, at Rs 1,42,200 in 22 carat and at Rs 1,16,380 in 18 carat.

Silver Rates In Major Cities:

Silver Rates In Chennai: On August 19, the 999 purity silver is at Rs 2.50 lakh per 1Kg, while the 100 grams and 10 grams silver rates stood at Rs 25,000 and Rs 2,500.

Silver Rates In Hyderabad: Here as well, 1Kg silver is priced at Rs 2.50 lakh, while 100 grams and 10 grams silver at Rs 25,000 and Rs 2,500.

Silver Rates In Delhi: Here silver is cheaper. 1Kg silver is at Rs 2.45 lakh, while 100 grams and 10 grams silver stood at Rs 24,500 and Rs 2,450.

Silver Rates In Bangalore: Accordingly, 1Kg silver is available at Rs 2.45 lakh, while 100 grams and 10 grams silver stood at Rs 24,500 and Rs 2,450.

Silver Rates In Mumbai: In the financial hub too, 1Kg silver is at Rs 2.45 lakh, while 100 grams and 10 grams silver stood at Rs 24,500 and Rs 2,450.

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