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Gold, Silver Price Today, Aug 3: Gold prices rose on Monday (August 3), supported by a weaker US dollar, which made the precious metal cheaper for overseas buyers and increased its appeal as a safe-haven asset. If you are planning to buy gold or silver jewellery, it is important to check the latest prices before making a purchase. Here are the current rates of 24K, 22K and 18K gold, along with silver prices, in Delhi, Mumbai, Chennai, Kolkata, Hyderabad and other major cities.
Global Market Trend
As of 5:44 am IST, spot gold was up 0.6 per cent or USD 25 at USD 4,066.28 per ounce. Spot silver also gained 0.5 per cent, rising USD 0.31 to trade near USD 58 per ounce.
At the time of writing this report (9:16 AM), on the MCX, gold was trading 0.13 per cent higher at Rs 1,43,561 per 10 grams, while silver was trading 0.44 per cent higher at Rs 2,18,160 per kg.
| City Name | 24-carat gold (10 grams) | 22-carat gold (10 grams) | 18-carat gold (10 grams) |
| Gold Price in Delhi | Rs 1,44,370 | Rs 1,32,250 | Rs 1,08,277.5 |
| Gold Price in Mumbai | Rs 1,44,220 | Rs 1,32,200 | Rs 1,08,165 |
| Gold Price in Kolkata | Rs 1,44,220 | Rs 1,32,200 | Rs 1,08,165 |
| Gold Price in Chennai | Rs 1,44,370 | Rs 1,32,250 | Rs 1,08,277.5 |
| Gold Price in Hyderabad | Rs 1,44,220 | Rs 1,32,200 | Rs 1,08,165 |
Gold prices remained largely stable across major Indian cities on August 3. The price of 24-carat gold stood at Rs 1,44,370 per 10 grams in Delhi and Chennai, while Mumbai, Kolkata and Hyderabad quoted Rs 1,44,220. Meanwhile, 22-carat gold was priced between Rs 1,32,250 and Rs 1,32,200 per 10 grams across these cities.
Gold, Silver Price Today, Aug 3: City-wise silver prices in India
| City Name | 10-gram silver price | 100-gram silver price | 1-kg silver price |
| Silver Price in Delhi | Rs 2,520 | Rs 25,200 | Rs 2,52,000 |
| Silver Price in Mumbai | Rs 2,510 | Rs 25,100 | Rs 2,51,000 |
| Silver Price in Kolkata | Rs 2,470 | Rs 24,700 | Rs 2,47,000 |
| Silver Price in Hyderabad | Rs 2,509 | Rs 25,090 | Rs 2,50,900 |
| Silver Price in Chennai | Rs 2,530 | Rs 25,300 | Rs 2,53,000 |
Silver prices varied across major Indian cities on August 3. Chennai recorded the highest rate at Rs 2,53,000 per kg, while Kolkata quoted the lowest at Rs 2,47,000 per kg.
The India Bullion and Jewellers Association (IBJA) sets the daily “base price” of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices by purity level (carats) as defined by the IBJA.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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