Today's Top City-Wise Gold, Silver Prices in India: August 16
Going by today's rates, the gold price in Hyderabad is ₹7,162 per gram for 22-carat gold and ₹6,565 per gram for 24-carat gold.
Representation of gold in form of bars and coins.
On Friday, the price of 24-carat gold dipped by ₹10 in the early trade, with the cost of 10 grams of yellow metal trading at ₹71,500.
The price of 22-carat gold rose by ₹10 as well, with ten grams now costing ₹65,540.
The price of silver has also seen a slight downfall, with one kilogram now priced at ₹83,400, a decrease of ₹100.
Internationally, the COMEX price of gold slipped by 0.10% to open at $2,494.40 per ounce.
Geopolitical events, like conflicts or diplomatic issues, can lead to higher demand for gold as a safe investment, pushing its price.
Economic factors, such as inflation and interest rates, also affect gold’s value. For example, when inflation is high, people often buy more gold to protect against currency devaluation.
Keeping track of global economic conditions, political news, and currency trends can help you make better decisions about investing in gold and finding good opportunities in the market.
Cities | 24-carat (per gram) | 22-carat (per gram) | Silver (per kg) |
Gold Rate in Hyderabad | ₹ 7,162 | ₹ 6,565 | ₹ 89,000 |
Gold Rate in Chennai | ₹ 7,162 | ₹ 6,565 | ₹ 89,000 |
Gold Rate in Delhi | ₹ 7,177 | ₹ 6,580 | ₹ 84,000 |
Gold Rate in Bangalore | ₹ 7,162 | ₹ 6,565 | ₹ 84,000 |
Gold Rate in Kolkata | ₹ 7,162 | ₹ 6,565 | ₹ 84,000 |
