Gold, Silver Prices Drop in India: Check City-Wise Prices - August 22

On Thursday morning, 24-carat gold decreased by ₹10, with ten grams available for ₹73,210.

Silver also dipped to ₹100, with one kilogram priced at ₹86,900.

Similarly, the 22-carat gold price dropped by ₹10, with ten grams now trading at ₹67,110.

Internationally, the COMEX price of gold plunged by 0.37% to open at $2,549.90 per ounce.

These price changes show how gold and silver can be affected by market shifts. The drop in gold prices might be a chance for buyers to purchase at a lower rate, while the increase in silver prices may lead to new investment opportunities.

Geopolitical events, like conflicts or diplomatic issues, can lead to higher demand for gold as a safe investment, pushing its price.

Economic factors like inflation and interest rates also affect gold’s value.

Keeping a close track of global economic conditions, political news, and currency trends can help you make better decisions about investing in precious metals.