Gold and silver prices on April 8: Check latest rates in your city



Gold rates decreased by 10 per gram on Saturday as compared to Friday’s price. According to website Goodreturns, the price of 22 carat gold stood at 5,580 per gram. On the other hand, the price of 1 gm of 24 carat gold stood at 6,087, a dip by 11 as compared to Friday’s rate.

In the national capital, the price of 10 gms of 24 carat and 22 carat gold stood at 61,020 and 55,950 respectively. In maximum city Mumbai, 22 carat gold is worth 55,850 per 10 gms while that of 10 gms 24 carat gold is 60,870.

The purity of gold is denoted by ‘K’ which means carat. A 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc.

Here are the gold rates in other Indian cities on April 8, 2023.

On Thursday, the price of 10 grams of gold was decreased by <span class=
On Thursday, the price of 10 grams of gold was decreased by 110 to 57,870.(Istock)

Gold rates in India are decided through several factors including global demand, government policies and currency. In case the Indian rupee slides against US dollar, the price of gold will increase.

The price of silver remained unchanged on Saturday. In India, the rates of silver are determined by factors including industrial demand, gold rates, inflation etc. If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.

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