New Delhi: If you’re planning to buy gold or silver today, it’s important to check the latest prices first. After a steady rise throughout Monday, both precious metals saw a slight decline late last night. However, as soon as the market opened on Tuesday, August 4th, gold and silver were trading at a new high. Therefore, it’s beneficial to check the latest domestic and international market rates before making any purchase or investment decisions.
Both gold and silver prices strengthened on the global market Comex on Tuesday. According to the latest data, gold rose 0.61 percent to $4,115.40 per ounce. Silver prices jumped 1.78 percent, trading at $58.885 per ounce. This surge in the international market also impacted the domestic market.
Both precious metals also rose on India’s domestic futures market, the Multi Commodity Exchange (MCX). In early trade, gold reached around ₹1.43 lakh per 10 grams. Silver also saw a strong gain, trading around ₹2.19 lakh per kilogram. Market experts believe that prices were supported by global cues and active buying by investors.
What is the trading level?
Gold prices rose by around ₹700 on MCX on Tuesday morning. Gold subsequently traded at ₹1,43,615 per 10 grams. Silver also saw a significant rise around 9 am, rising ₹2,592 to reach ₹2,19,337 per kilogram. Given the constantly changing market, experts advise confirming the latest prices before purchasing gold or silver. The final price may vary depending on different cities due to taxes, making charges, and other fees.