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Gold Price Today 7th August 2020: Today gold has crossed the 56000 level, breaking its previous record. At the same time, silver has gone above Rs 76000 per kg. On Friday, gold opened up by Rs 340 to Rs 56254 per 10 grams on bullion markets across the country. At the same time, silver has reached a high of Rs 76008 with a jump of Rs 2391 per kg. That is, silver is now a few steps away from breaking its 19 year old record. In the spot market, the price of silver reached Rs 77,000 per kg in 2011. According to the India Bullion and Jewelers Association website (ibjarates.com), on 7 August 2020, the gold and silver spot prices across the country were as follows…

Metal Rate of 7 August (Rs / 10 Gram) Rate of 6 August (Rs / 10 Gram)
Rate change (Rs / 10g)

Gold 999 (24 carat) 56254 55914 340
Gold 995 (23 carat) 56029 55690 339
Gold 916 (22 carat) 51529 51217 312
Gold 750 (18 carat) 42191 41936 255
Gold 585 (14 carat) 32909 32710 199
Silver 999 76008 Rs / Kg 73617 Rs / Kg 2391 Rs / Kg
According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.


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