On August 29th, gold prices saw a slight increase, while silver prices experienced fluctuations. On MCX, gold was trading at ₹102,193 per 10 grams, and silver at ₹1,17,200 per kilogram. City-wise, gold and silver were most expensive in Bhopal and Indore, and cheapest in Patna and Raipur.
Gold Price Today: Amidst the impact of Trump's tariffs and global market uncertainty, gold prices saw a minor rise on August 29th. By 11:30 AM, 24-carat gold on MCX reached ₹102,193 per 10 grams, while silver was priced at ₹1,17,200 per kilogram. Looking at city-wise rates, gold and silver prices are highest in Bhopal and Indore, while they are cheapest in Patna and Raipur.
Silver Price
Silver prices showed fluctuations today. On MCX, the price of 1 kg of silver was recorded at ₹117,200. It saw a morning increase of ₹26. Silver recorded a low of ₹116,895 and a high of ₹117,250. Meanwhile, on the IBJA, the price of 1 kg of silver was recorded at ₹115,870 on the evening of August 29th.
Slight Increase Today Compared to Yesterday
On August 28th, at 10 AM, the price of 10 grams of gold on MCX was ₹101,436. Gold recorded a low of ₹101,450 and a high of ₹101,455 during the day. On August 28th, at 10 AM, the price of silver was ₹116,425 per kilogram. In comparison, both gold and silver have seen a slight increase today.
Gold and Silver Prices in Cities
- Patna: Gold ₹1,02,330/10 grams, Silver ₹1,17,460/kilogram
- Jaipur: Gold ₹1,02,370/10 grams, Silver ₹1,17,510/kilogram
- Kanpur and Lucknow: Gold ₹1,02,410/10 grams, Silver ₹1,17,560/kilogram
- Bhopal and Indore: Gold ₹1,02,490/10 grams, Silver ₹1,17,650/kilogram (Highest)
- Chandigarh: Gold ₹1,02,380/10 grams, Silver ₹1,17,530/kilogram
- Raipur: Gold ₹1,02,340/10 grams, Silver ₹1,17,460/kilogram
Slight Rise in Gold, Investors Remain Cautious
Despite the slight rise in gold prices today, some investors remained cautious. The strengthening of the rupee against the dollar and fluctuations in global gold demand were reflected in the local market. According to experts, investors are viewing gold as a safe investment during trading, while silver is experiencing more volatility.
The increase in gold prices has sparked investor interest. Trading on Friday showed that despite a slight jump in gold, investors were not ready to make large purchases. Meanwhile, due to a minor dip in silver prices, investors showed less interest in buying it.
Impact of Global Tensions
The impact of Trump's tariffs and global trade tensions on gold prices is clearly visible. Maintaining a balance between the rupee's position against the dollar, international gold prices, and domestic demand has been challenging for investors. This is why slight fluctuations were observed in gold and silver prices on both MCX and IBJA platforms.
