- Gold prices dropped over Rs 1,000 on MCX.
- Silver rates fell more than Rs 1,400
- Crude oil price increase cited as key reason.
Gold and silver prices fell in the domestic futures market as an uptick in crude prices weighed on inflation concerns. The gold contract for the August 5 expiry fell over Rs 1,000 to an early low of Rs 1,45,961 per 10 grams as compared to the last closing of Rs 1,47,048 on Multi Commodity Exchange (MCX). Similarly, Silver contract for September expiry fell over Rs 1,400 to a low of Rs 2,25,581 per kilogram against last day's closing of Rs 2,26,998 on MCX.
Last seen, MCX Gold was trading at Rs 1,46,000, down Rs 1,048 or 0.71 per cent. MCX Silver was quoted at Rs 2,25,844, down Rs 1,154 or 0.51 per cent.
24k, 22k Gold Rates Today
Gold prices for all purity levels fell in the domestic retail market as well. According to bullion.co.in, the 24 karat gold rate today is Rs 1,45,720 per 10 grams, while 22k gold rate today is Rs 1,33,577 per 10 grams.
18 karat gold rate today is Rs 1,09,290 per 10 grams, while 20 karat gold rate today is Rs 1,21,433.
Also Read: Fuel Price Caps Hit BPCL Hard: Reports First Quarterly Loss In 15 Quarters Amid Soaring Input Costs
Gold Rates In Delhi, Mumbai And Other Cities
New Delhi: 24k- Rs 1,45,210 ,22k- Rs 1,33,109
Mumbai: 24k- Rs 1,45,460 ,22k- Rs 1,33,338
Kolkata: 24k- Rs 1,45,270 ,22k- Rs 1,33,164
Chennai: 24k- Rs 1,45,880 ,22k- Rs 1,33,723
Banglore: 24k- Rs 1,45,570 ,22k- Rs 1,33,439
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Gold Rate In International Market
Both gold and silver prices fell in the international market futures market as well. Last seen, COMEX Gold was trading 0.61 per cent lower at a level of $4126.50 per ounce. COMEX Silver fell 0.39 per cent and is trading at $59.905 per ounce.