Gold Drops, Silver Rises Today: Check City-Wise Prices - August 21

On Wednesday morning, the price of 24-carat gold decreased by Rs 10, with ten grams available for Rs 72,640.

In contrast, silver saw a rise of Rs 100, with one kilogram priced at Rs 87,100.

Similarly, the 22-carat gold price dropped by Rs 10, with ten grams now trading at Rs 66,590.

Internationally, the COMEX price of gold saw a slight uptick, up by 0.05% to open at $2,552.20 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.