Gold, silver prices today, 24 August: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices: The price of the yellow metal in India’s retail market rose on Monday, 24 August, amid ongoing uncertainty over the US-Iran conflict in the Middle East.
US Treasury Secretary Scott Bessent said the US is ready to unveil ‘the single greatest financial offensive ever’ against Iran, starting today, while Tehran threatened to seize vessels that violate transit rules in the Strait of Hormuz, according to a CNBC US report.
In the international market, gold prices hit their highest levels in more than three months on Monday as a subdued dollar lent support, while focus shifted to key US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh.
Spot gold was up 0.5% at $4,627.42 per ounce, as of 0155 GMT, after hitting its highest level since 15 May earlier in the session. Prices gained more than 5% last week. US gold futures edged 0.1% higher to $4,683.80.
Due to these developments, both 24-karat and 22-karat gold rates are showing a marginal increase across major cities in India. Silver prices, on the other hand, declined in the domestic bullion market.
MCX gold rate on 24 August was trading 0.65% higher at ₹163,870 per 10 grams. MCX silver futures were trading about 0.13% lower at ₹247,230 per kg at around 9:13 am.
Changes in gold and silver prices today
In the retail market, gold is sold in 24-karat and 22-karat purity. While 24-karat gold is considered the purest form, 22-karat gold is commonly used for jewellery because it’s more durable.
Here’s a look at the latest gold prices across major Indian cities on 24 August.
Gold Prices in New Delhi — 24 August
24 karat gold rate in New Delhi — ₹163,300/10 gm
22 karat gold rate in New Delhi — ₹149,692/10 gm
Silver 999 Fine rate in New Delhi — ₹246,720/1 kg
Gold Prices in Mumbai — 24 August
24 karat gold rate in Mumbai — ₹163,580/10 gm
22 karat gold rate in Mumbai — ₹149,948/10 gm
Silver 999 Fine rate in Mumbai — ₹247,150/1 kg
Gold Prices in Bengaluru — 24 August
24 karat gold rate in Bengaluru — ₹163,710/10 gm
22 karat gold rate in Bengaluru — ₹150, 068/10 gm
Silver 999 Fine rate in Bengaluru — ₹247,350/1 kg
Gold Prices in Kolkata — 24 August
24 karat gold rate in Kolkata — ₹163,130/10 gm
22 karat gold rate in Kolkata — ₹149,536/10 gm
Silver 999 Fine rate in Kolkata — ₹246,390/1 kg
Gold Prices in Hyderabad — 24 August
24 karat gold rate in Hyderabad — ₹163,600/10 gm
22 karat gold rate in Hyderabad — ₹149,967/10 gm
Silver 999 Fine rate in Hyderabad — ₹247,110/1 kg
Gold Prices in Chennai — 24 August
24 karat gold rate in Chennai — ₹163,820/10 gm
22 karat gold rate in Chennai — ₹150,168/10 gm
Silver 999 Fine rate in Chennai — ₹247,440/1 kg
