Gold and silver prices witnessed a sharp rise today, August 4. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold surged by ₹1,506 to ₹99,759 per 10 grams, up from the previous rate of ₹98,253.
Silver prices also saw a notable increase of ₹1,862, reaching ₹1,11,508 per kilogram compared to the earlier price of ₹1,09,646. On July 23, gold had touched an all-time high of ₹1,00,533 per 10 grams, while silver had peaked at ₹1,15,850 per kg.
Since the beginning of this year (January 1), the price of 24-carat gold has climbed from ₹76,162 to ₹99,759 per 10 grams — a rise of ₹23,597. Similarly, silver has risen by ₹25,491 this year, going from ₹86,017 to ₹1,11,508 per kg.
In comparison, gold prices had increased by ₹12,810 in the previous year (2024).
City-wise Gold Prices (per 10 grams):
- Delhi: 24-carat – ₹1,01,550 | 22-carat – ₹93,100
- Mumbai: 24-carat – ₹1,01,400 | 22-carat – ₹92,950
- Kolkata: 24-carat – ₹1,01,400 | 22-carat – ₹92,950
- Chennai: 24-carat – ₹1,01,400 | 22-carat – ₹92,950
The continued surge in precious metals is being closely monitored by investors and jewellers amid global economic uncertainties.
