Gold and Silver Price Today.

Gold and Silver Price Today: Silver Jumps More Than ₹4,000 in 4 Days; Gold Price Also Rises by Nearly ₹2,000.

Significant Price Increases for Gold and Silver
Gold and silver prices have risen sharply during the last four working days. In the same time frame, gold has increased by around ₹2,000, while silver has increased by over ₹4,000.

The Indian Bullion and Jewellers Association (IBJA) reports that on August 20, the price of 24-carat gold ended at ₹98,946 per 10 grammes, while the price of silver closed at ₹111,194 per kilogramme. Gold then increased by ₹1,938 to reach ₹100,884 without GST. At ₹115,870, silver’s increase was more than twice as great as gold’s.

The world economy and political events are the main causes of this rise in the price of gold and silver. Investors are gravitating towards safe-haven assets as a result of global tensions and instability. This tendency is helping both gold and silver.

The All India Sarafa Association said that the price of gold increased by ₹600 to ₹100,770 per 10 grammes on Tuesday. On Monday, the price of 10 grams of 99.9% pure gold ended at ₹100,170 in Delhi markets. Similarly, the closing price of 99.5% pure gold rose from ₹99,900 per 10 grams to ₹100,400 per 10 grams (including all taxes), a rise of ₹500.

 

Update on Silver Prices

At the same time, silver prices in the Delhi bullion market rose by ₹3,000 to ₹118,000 per kilogram, setting a new record. The Sarafa Association reports that on Monday, the price of silver closed at ₹115,000 per kilogram.