In the international markets, gold prices registered their biggest weekly gain since January, helped by weaker oil prices, while investors awaited key US nonfarm payrolls data for clues on the interest rate outlook.
MCX gold rate on 7 August was trading 0.26% higher at ₹149,490 per 10 grams.
Changes in gold and silver prices today In the retail market, gold is sold in 24-karat and 22-karat purity.
Also Read | Gold pares gains to trade steady as oil rises on Iran proposal to bar hostile vessels in HormuzHere's a look at the latest gold prices across major Indian cities on 7 August.
Gold Prices in New Delhi — 7 August 24 karat gold rate in New Delhi — ₹149,020/10 gm22 karat gold rate in New Delhi — ₹136,602/10 gmSilver 999 Fine rate in New Delhi — ₹227,970/1 kgGold Prices in Mumbai — 7 August 24 karat gold rate in Mumbai — ₹149,280/10 gm22 karat gold rate in Mumbai — ₹136,840/10 gmSilver 999 Fine rate in Mumbai — ₹228,370/1 kgGold Prices in Bengaluru — 7 August 24 karat gold rate in Bengaluru — ₹149,400/10 gm22 karat gold rate in Bengaluru — ₹136, 950/10 gmSilver 999 Fine rate in Bengaluru — ₹228,550/1 kgGold Prices in Kolkata — 7 August 24 karat gold rate in Kolkata — ₹149,080/10 gm22 karat gold rate in Kolkata — ₹136,657/10 gmSilver 999 Fine rate in Kolkata — ₹228,060/1 kgGold Prices in Hyderabad — 7 August 24 karat gold rate in Hyderabad — ₹149,510/10 gm22 karat gold rate in Hyderabad — ₹137,051/10 gmSilver 999 Fine rate in Hyderabad — ₹228,730/1 kgGold Prices in Chennai — 7 August 24 karat gold rate in Chennai — ₹149,710/10 gm22 karat gold rate in Chennai — ₹137,234/10 gm
Gold and silver prices: The price of the yellow metal in India's retail market rose on Friday, 7 August, amid hopes of peace in the Middle East.
In the international markets, gold prices registered their biggest weekly gain since January, helped by weaker oil prices, while investors awaited key US nonfarm payrolls data for clues on the interest rate outlook.
Spot gold was up 0.4% at $4,254.11 per ounce, after hitting a seven-week high in the previous session. Prices were up over 5% for the week. US gold futures gained 0.3% to $4,312.00, according to a CNBC US report.
Due to these developments, both 24-karat and 22-karat gold rates are showing a marginal increase across major cities in India. Silver prices also rose in the domestic bullion market.
MCX gold rate on 7 August was trading 0.26% higher at ₹149,490 per 10 grams. MCX silver futures, on the other hand, were trading about 0.90% higher at ₹228,660 per kg at around 9:13 am.
Changes in gold and silver prices today In the retail market, gold is sold in 24-karat and 22-karat purity. While 24-karat gold is considered the purest form, 22-karat gold is commonly used for jewellery because it's more durable.
Also Read | Gold pares gains to trade steady as oil rises on Iran proposal to bar hostile vessels in Hormuz
Here's a look at the latest gold prices across major Indian cities on 7 August.
Gold Prices in New Delhi — 7 August 24 karat gold rate in New Delhi — ₹149,020/10 gm
22 karat gold rate in New Delhi — ₹136,602/10 gm
Silver 999 Fine rate in New Delhi — ₹227,970/1 kg
Gold Prices in Mumbai — 7 August 24 karat gold rate in Mumbai — ₹149,280/10 gm
22 karat gold rate in Mumbai — ₹136,840/10 gm
Silver 999 Fine rate in Mumbai — ₹228,370/1 kg
Gold Prices in Bengaluru — 7 August 24 karat gold rate in Bengaluru — ₹149,400/10 gm
22 karat gold rate in Bengaluru — ₹136, 950/10 gm
Silver 999 Fine rate in Bengaluru — ₹228,550/1 kg
Gold Prices in Kolkata — 7 August 24 karat gold rate in Kolkata — ₹149,080/10 gm
22 karat gold rate in Kolkata — ₹136,657/10 gm
Silver 999 Fine rate in Kolkata — ₹228,060/1 kg
Gold Prices in Hyderabad — 7 August 24 karat gold rate in Hyderabad — ₹149,510/10 gm
22 karat gold rate in Hyderabad — ₹137,051/10 gm
Silver 999 Fine rate in Hyderabad — ₹228,730/1 kg
Gold Prices in Chennai — 7 August 24 karat gold rate in Chennai — ₹149,710/10 gm
22 karat gold rate in Chennai — ₹137,234/10 gm
