There are constant changes in gold and silver prices. Most of the trends are fast. According to the website of India Bullion and Jewelers Association (IBJA), by Monday morning 24 carat gold fell by Rs 100023 per 10 grams, while silver fell to Rs 114933 per kg. Know further what are the fresh prices of 24, 23, 22, 18 and 14 carat gold. Note that the market was closed on August 15, August 16 and August 17, today the market is opening on August 18, the closed price of August 14 will be valid by the opening of the market.
Gold and silver prices in recent times
According to the news agency language, the All India Bullion Association said that due to strong global trend and latest purchases of stockists, gold prices gained Rs 400 in the national capital’s bullion market on Thursday, August 14. The price of gold with 99.9 percent purity increased to Rs 1,01,420 per 10 grams as compared to Rs 1,01,020 for the previous trading day. Similarly, gold of 99.5 percent purity also increased by Rs 400 to Rs 1,01,000 per 10 grams (including all taxes), which was Rs 1,00,600 on Wednesday. The price also increased by Rs 1,500 to Rs 1,13,500 per kg (including all taxes) on Thursday. Globally, gold in New York reached a slight gain to $ 3,356.96 an ounce, while the spot silver fell 0.41 percent to $ 38.35 an ounce.
Experts’ opinion on gold and silver prices
According to the news agency language, Augmont’s research chief Renisha Chanani says that the expectations of the US Federal Reserve in September have strengthened gold and silver prices. Softening in the labor market and the US Consumer Price Index report has made the trend of these metals positive, which has reduced inflation concern.
According to Kayanat Chanwala, AVP (Commodity Research) of Kotak Securities, gold prices have risen before the US productive price index and unemployment data. However, the tariff agreement between the US and China has led to uncertainty over trade due to expansion of 90 days and the upcoming dialogue between leaders of America, Europe, Ukraine and Russia, which could limit further. He said that as long as the gold remains at $ 3,280 an ounce, its prices will remain positive.
Gold and silver prices in futures market
On Thursday, August 14, the price of gold also increased in the futures market. October delivery gold contract on multi -commodity exchange (MCX) increased by Rs 112 or 0.11 percent to Rs 1,00,297 per 10 grams. It had a turnover of 13,099 lots. Globally, the December delivery comes gold futures in New York rose 0.23 percent to close at $ 3,363.64 an ounce. Business buying also led to silver futures prices. The September delivery silver contract on MCX increased by Rs 116, or 0.1 percent to Rs 1,14,913 per kg, with a trade for 14,754 lots. Globally, silver in New York also rose to $ 38.51 an ounce.
Gold and silver purity morning rate gold 24 carat Rs. 100023 per 10 grams gold 23 carat 99622 rupees per 10 grams gold 22 carat 91621 rupees per 10 grams gold 18 carat 75017 rupees per 10 grams gold 14 carat 58514 rupees per 10 grams silver 9999999999333 per kg.
