Gold Rate Today, August 22: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
On August 22, the price of gold in India was recorded as Rs 16,309 per gram for 24 carat, Rs 14,950 per gram for 22 carat, and Rs 12,232 per gram for 18 carat, according to Good Returns. Over the previous day, these rates had shown an increase of Rs 152, Rs 140, and Rs 114 respectively for 24K, 22K, and 18K gold. The fluctuating prices of gold and silver were primarily influenced by international panic and the ongoing tensions in the Middle East.
Despite a temporary decrease in prices following the removal of high 15% tax rates, the region's instability kept precious metal markets volatile on a daily basis. Global crude oil prices remained elevated on August 21, largely due to the unresolved conflict between the U.S. and Iran, which posed a significant threat to Middle Eastern oil supplies.
With Brent Crude at $94.39 per barrel and WTI Crude at $86.64 per barrel, the market remained uneasy about the potential for prolonged regional warfare to disrupt oil exports from key Middle Eastern oil producers like Saudi Arabia, Iraq, the UAE, and Kuwait.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
