Gold-Silver Price: Gold crosses ₹1.60 lakh, while silver crashes; what are today's latest rates?

The prices of both gold and silver witnessed continuous fluctuations during the previous trading week. Today, on August 24, gold prices have risen in the international market, while silver prices have fallen. Let us take a look at the rates in the bullion market.

What are today's prices in the international market?
In the international Comex market, gold prices have surged, whereas silver prices have plummeted. According to Comex data, at the time of writing, gold rose by 0.25%, reaching $4,692.40 per ounce. Meanwhile, silver prices fell by 0.91%, trading at $68.895 per ounce.

Did prices rise or fall in the domestic market?
In the domestic market—specifically the bullion market—gold prices were seen rising, while silver prices dropped sharply. On the MCX, gold traded at around ₹1.63 lakh per 10 grams. Conversely, silver prices in India fell, trading at approximately ₹2.46 lakh per kilogram.

By how much did prices rise on the MCX?
Regarding the domestic futures market, gold on the Multi Commodity Exchange (MCX) rose by ₹967 by the time of writing, trading at ₹1,63,405 per 10 grams. Meanwhile, around 9:00 AM, silver fell by ₹182, with the price reaching ₹2,46,415 per kilogram.

What are the rates for jewelry buyers?
Gold prices in India have seen a significant rise. 24-carat gold is trading at around ₹1,63,640 per 10 grams, while 22-carat gold remains at approximately ₹1,50,003 per 10 grams. Meanwhile, 18-carat gold is trending near ₹1,22,730 per 10 grams. Silver prices in India were seen trading at approximately ₹2,47,170 per kilogram.

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