Gold Prices Dip, Silver Holds Steady on August 16

Gold Prices Dip, Silver Holds Steady on August 16
Gold Prices Dip, Silver Holds Steady on August 16

On Wednesday, the prices of both 22-carat (K) and 24-carat (K) gold have experienced a reduction compared to the previous day. The cost per gram has decreased by ₹10 and ₹11 for 22K and 24K gold, respectively. Consequently, according to the information provided by the Goodreturns website, a single gram of 22K gold is now available at ₹5445, while eight grams can be purchased for ₹43,560. For a 10-gram quantity of the metal, buyers will need to pay ₹54,450, and the price for 100 grams stands at ₹5,44,500.

Likewise, the cost of one gram of 24K gold has been set at ₹5940, and eight grams can be obtained for ₹47,520. Additionally, 10 grams and 100 grams are priced at ₹59,400 and ₹5,94,000, respectively.

As for specific cities, the price of 10 grams of 22K gold is as follows:

  • Ahmedabad: ₹54,500
  • Bengaluru, Hyderabad, Kolkata, Mumbai: ₹54,450
  • Chennai: ₹54,950
  • Delhi: ₹54,600

The rates mentioned above are indicative and do not include GST, TCS, and other taxes. For precise and up-to-date pricing, individuals should contact their local jeweler.

Regarding silver prices on August 16, the rates remain unchanged from the previous day. As per Goodreturns, customers can acquire one gram of silver for ₹72.80, eight grams for ₹582.40, and 10 grams for ₹728. For a 100-gram quantity of silver, the cost is ₹7280, and for 1 kilogram, it amounts to ₹72,800.

The prices for silver (10 grams) in various cities are as follows:

  • Ahmedabad, Delhi, Kolkata, Mumbai: ₹728
  • Bengaluru: ₹715
  • Chennai, Hyderabad: ₹762