Keeping track of gold and silver prices is crucial for investors and enthusiasts alike. Here are the latest rates for today, August 29:
Gold Prices: On Tuesday, August 29, the gold prices were as follows:
22-carat gold: Rs. 54,600 per 10 grams 24-carat gold: Rs. 59,550 per 10 grams (spot market rates) Gold prices in various cities:
Chennai: Rs. 59,750 Delhi: Rs. 59,550 Kolkata: Rs. 59,400 Mumbai: Rs. 59,400 Pune: Rs. 59,450 Here are the 22 K Gold Prices (per 10 grams) in major metro cities:
Bangalore: Rs. 54,450 Chennai: Rs. 54,750 Delhi: Rs. 54,600 Kolkata: Rs. 54,450 Mumbai: Rs. 54,450 Pune: Rs. 54,450 Please note that the mentioned rates do not include GST and other levies.
Insight into Gold and Silver: Gold is available in various purities, with 24k gold being commonly found in the form of bars and coins. When purchasing gold jewelry, the purity generally falls within the range of 18-22K.
Silver Rates: Similar to gold, silver is also considered an investment avenue. The rates for different quantities of silver on August 29 were as follows:
10 grams: Rs. 736.68 100 grams: Rs. 7,366.80 1 kilogram: Rs. 7,36,680 August 29 Latest Silver Prices (Per 10 grams) in Major Indian Cities:
Bangalore: Rs. 737 Chennai: Rs. 737 Delhi: Rs. 737 Kolkata: Rs. 737 Mumbai: Rs. 737 Pune: Rs. 737 August 29 Latest Silver Prices (Per 100 grams) in Major Indian Cities:
Bangalore: Rs. 7,370 Chennai: Rs. 7,370 Delhi: Rs. 7,370 Kolkata: Rs. 7,370 Mumbai: Rs. 7,370 Pune: Rs. 7,370 August 29 Latest Silver Prices (Per Kilogram) in Major Indian Cities:
Bangalore: Rs. 73,700 Chennai: Rs. 73,700 Delhi: Rs. 73,700 Kolkata: Rs. 73,700 Mumbai: Rs. 73,700 Pune: Rs. 73,700 Factors Affecting Price Fluctuations: The prices of both gold and silver are subject to various factors, including global demand for precious metals, currency fluctuations, and changes in interest rates.
Market Trends: Gold prices saw an increase on Tuesday, attributed to a decline in the dollar and Treasury yields. These changes were observed ahead of significant U.S. inflation and jobs data scheduled for the week, which could potentially influence the outlook for interest rates.
As of 0354 GMT, spot gold rose by 0.3% to reach $1,924.84 per ounce. This places it in close proximity to the highest point it reached on August 10, as of Monday. Meanwhile, U.S. gold futures experienced a gain of 0.3%, reaching $1,952.90.
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