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• What is the rate of gold and silver on 20th August?

• Gold price rose by Rs 700 to Rs 1,58,703 per 10 grams

• Silver price has increased by Rs 3,453 to Rs 2,40,240 per kg

Gold Silver Price Today: The prices of gold and silver have fallen for the past few days. But today on August 20, there has been a strong boom in the market In gold and silver rates An increase has been observed. At 9 am on MCX, gold rose by Rs 700 to Rs 1,58,703 per 10 grams and silver rose by Rs 3453 per kg to trade at 2,40,240 today.

What exactly is the reason

Wednesday in America Gold prices It reached its highest level in almost two months. The main reason for this was a major decision taken by the US Treasury Department. The US government announced a doubling of its liquidity support plan to buy US bonds.

Following the news, bond yields fell sharply in markets and the dollar weakened. The dollar index fell by 0.83 percent. Meanwhile, the 10-year bond yield recorded a sharp decline of 1.13 percent. The 30-year bond yield also fell below its highest level in nearly two decades. When bond yields fall, the cost of holding gold also falls. This means investors turn to gold for more investments. This is why gold prices have increased.

Today's Gold-Silver Price: Important Update for Buyers! Gold price rise again, know today's price

What is the price of 22 carat gold today?

Today, on August 20, gold prices rose in Indian bullion markets. The price of 24-karat gold rose by Rs 430 to Rs 15,927 per gram. 22-carat silver rose by Rs 395 to Rs 14,600, while 18-carat silver rose to Rs 11,946. The price of 10 grams of 22-carat silver has reached Rs 1,68,426. The price of 10 grams in Delhi is Rs 1,68,599. The price of 10 grams in Mumbai is Rs 1,68,426.

Latest Silver Rate

Today there is a huge increase in the price of silver across the country. The price of 10 grams of silver is Rs 2,942, while the price of 1 gram of silver has reached Rs 255. Meanwhile, the price of 1 kg of silver has increased by Rs 10,000 to Rs 2.55 lakh.

Todays Gold-Silver Price: Big jump in gold price, silver price stable! You will also be shocked to read today's prices

Will this rise in gold and silver rates continue?

Gold and silver prices hit two-month highs. However, uncertainty remains regarding crude oil prices, inflation and US Fed interest rates. So, the question is how long this boom in precious metals will last. Investors are now keeping a close eye on the minutes of the US Federal Reserve meeting, which will be released today. This may explain the Fed's stance on interest rates, which may affect gold and silver prices.