Gold Price Today: Gold slips on Raksha Bandhan, losing its shine for the second consecutive day; silver also cheaper after six days..
Gold Rate Today in India: The shine of gold and silver has dimmed today due to a strengthening US dollar and rising bond yields. Regarding gold, after a day of stability, the price of 10 grams of 24-carat gold has dropped by ₹780 and 22-carat gold by ₹710 over the last two days. Specifically, today, the price of 10 grams of both 24-carat and 22-carat gold has fallen by ₹10 in the capital, Delhi. As for silver, prices have declined today following six consecutive days of stability; the price of one kilogram of silver has dropped by ₹100.
City-wise Gold Prices
Let’s find out the price of 10 grams of gold (18-carat, 22-carat, and 24-carat purity) across 10 major cities in the country...
City 24-Carat Gold Price (10g) 22-Carat Gold Price (10g) 18-Carat Gold Price (10g)
Delhi ₹1,63,120 ₹1,49,540 ₹1,22,380
Mumbai ₹1,62,970 ₹1,49,390 ₹1,22,230
Kolkata ₹1,62,970 ₹1,49,390 ₹1,22,230
Chennai ₹1,62,970 ₹1,49,390 ₹1,27,090
Bengaluru ₹1,62,970 ₹1,49,390 ₹1,22,230
Hyderabad ₹1,62,970 ₹1,49,390 ₹1,22,230
Lucknow ₹1,63,120 ₹1,49,540 ₹1,22,380
Patna ₹1,63,020 ₹1,49,440 ₹1,22,280
Jaipur ₹1,63,120 ₹1,49,540 ₹1,22,380
Ahmedabad ₹1,63,020 ₹1,49,440 ₹1,22,280
Silver Prices Dip After Six Days of Stability
As for silver, prices have dropped today following six consecutive days of stability. Before this six-day stable period, the price of one kilogram of silver had surged by ₹10,500 over two days, while the day before that—on August 19—it had fallen by ₹5,000. As for today, the price of one kilogram of silver in Delhi has dropped by ₹100, bringing it to ₹2,59,900. It is trading at this same rate in other major metropolitan cities like Mumbai and Kolkata. However, the price in Chennai stands at ₹2,64,900, making it the most expensive among the four major metros.
**Market Focus Shifts to Fed Chairman's Speech**
The bullion market is now keenly awaiting the speech by Kevin Warsh, a member of the US Federal Reserve Board (often referred to in the context of Fed leadership), scheduled for August 28 at Jackson Hole. This address could provide clues regarding the Fed's monetary policy. Analysts suggest that the Fed's stance on inflation and interest rates will first impact the dollar and bond yields, subsequently influencing gold prices.
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