- Gold prices gained more than 5% last week.
- On 24 August, gold prices in the international market hit their highest levels in more than three months, with spot gold up 0.5% at $4,627.42 per ounce.
- US gold futures edged 0.1% higher to $4,683.80.
- In India, 24K and 22K gold rates showed a marginal increase across major cities, while silver prices declined.
- Petrol and diesel prices remained unchanged on 24 August, with prices steady since May 25 when OMCs raised prices by ₹2.61 and ₹2.71 per litre respectively.
- Fuel prices across India remained largely unchanged on August 24, even as oil prices settled lower last week amid ongoing US-Iran tensions.
- In Delhi, petrol continues to be priced above ₹100 per litre at ₹102.12, while diesel is retailing at ₹95.20 per litre.
- In Mumbai, petrol prices are above ₹110, with petrol selling at ₹111.21 per litre and diesel at ₹99.82 per litre.
- In Kolkata, petrol prices remain above ₹110 per litre, while diesel prices are below ₹100.
Gold prices in India rose on August 24, driven by ongoing tensions between the US and Iran, with 24-karat gold priced at ₹163,300 in New Delhi, ₹163,580 in Mumbai, and ₹163,130 in Kolkata.178910
The international market saw gold prices hit their highest levels in over three months, supported by a subdued dollar and anticipation of key US inflation data. Spot gold was up 0.5% at $4,627.42 per ounce, while US gold futures edged 0.1% higher to $4,683.80.23
In contrast, silver prices declined in the domestic market, with rates at ₹246,720 per kg in New Delhi, ₹247,150 in Mumbai, and ₹246,390 in Kolkata.45
Meanwhile, fuel prices remained steady across India, with petrol priced above ₹100 per litre in Delhi at ₹102.12 and ₹111.21 in Mumbai. Diesel prices also held steady, with ₹95.20 in Delhi and ₹99.82 in Mumbai.
The stability in fuel prices comes despite fluctuations in global oil prices, influenced by the ongoing geopolitical situation and the rupee-dollar exchange rate, which affects the cost of imported crude oil.
“Spot gold hit $4,627.42 per ounce, its highest since 15 May, after gaining over 5% last week. In Delhi, 24K gold retails at ₹163,300 per 10 gm, while petrol remains above ₹100 per litre at ₹102.12.”
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