Gold Price Today: Gold Slips Slightly on August 29, Silver Steady at ₹1.20 Lakh Per Kg
New Delhi, August 29, 2025 – On Friday, the gold market witnessed a minor decline in prices, bringing some relief to buyers ahead of the festive season. Both 22-carat and 24-carat gold rates slipped slightly across major Indian cities, while silver prices remained unchanged.
Gold Prices on August 29, 2025
According to market updates, 24-carat gold is trading around ₹1,02,600 per 10 grams, while 22-carat gold is hovering above ₹94,040 per 10 grams in key cities including Mumbai, Chennai, and Kolkata. In Delhi, Jaipur, Noida, Ghaziabad, and Lucknow, the price of 24-carat gold is slightly higher at ₹1,02,740 per 10 grams, while 22-carat gold stands at ₹94,200 per 10 grams.
Here are the updated rates city-wise:
| City | 22-Carat Gold Price (₹/10 gm) | 24-Carat Gold Price (₹/10 gm) |
|---|---|---|
| Delhi | 94,200 | 1,02,740 |
| Chennai | 94,040 | 1,02,600 |
| Mumbai | 94,040 | 1,02,600 |
| Kolkata | 94,040 | 1,02,600 |
| Jaipur | 94,200 | 1,02,740 |
| Noida | 94,200 | 1,02,740 |
| Ghaziabad | 94,200 | 1,02,740 |
| Lucknow | 94,200 | 1,02,740 |
| Bengaluru | 94,040 | 1,02,600 |
| Patna | 94,040 | 1,02,600 |
Silver Prices Hold Steady
While gold saw a slight dip, silver remained stable at ₹1,20,000 per kilogram. The price is unchanged compared to the previous day, reflecting steady demand and supply in the market.
Why Gold Prices Are Fluctuating
The movement in gold prices is closely linked to international developments. A major factor driving the global bullion market this week has been the decision by U.S. President Donald Trump to remove Federal Reserve Governor Lisa Cook. The move has sparked uncertainty in global financial markets, leading investors to flock to safe-haven assets such as gold.
Additionally, the Federal Reserve is under growing pressure to cut interest rates. Historically, lower interest rates make gold more attractive as an investment, pushing prices higher.
In India, the weaker rupee against the U.S. dollar has also contributed to the upward pressure on gold prices. Combined with strong cues from the international market, gold has remained one of the most preferred investment options for Indian households.
Investor Sentiment and Outlook
Gold continues to be seen as a safe-haven asset, especially during times of economic and geopolitical uncertainty. With central banks worldwide signaling dovish monetary policies, analysts suggest that gold prices may see further volatility in the coming weeks.
However, Friday’s slight decline indicates some profit booking by traders after recent rallies. Investors are closely monitoring the Federal Reserve’s next steps, as any shift in interest rate policy could impact gold’s trajectory.
Bottom Line
On Friday, August 29, 2025, gold prices in India saw a minor decline, with 22-carat gold averaging around ₹94,040–94,200 per 10 grams and 24-carat gold trading between ₹1,02,600–1,02,740 per 10 grams across major cities. Meanwhile, silver stayed firm at ₹1,20,000 per kg.
With global uncertainty, a weakening rupee, and festive demand approaching, experts believe gold will remain in focus for both investors and buyers in the near future.
