Gold Rate Today, August 30: Gold Prices Fall by ₹250, Check 22K and 24K Rates in Major Cities
New Delhi, August 30, 2025 – Gold prices witnessed a slight dip on Saturday as rates declined by up to ₹250 compared to Friday. Despite the fall, the price of 24-carat gold continues to hover above the ₹1,02,500 mark per 10 grams, while 22-carat gold remains steady above ₹96,300 in key Indian cities including Mumbai, Chennai, and Kolkata.
According to market updates, this movement in gold rates comes after a phase of volatility in global markets triggered by recent developments in the United States.
Silver Prices Rise Despite Gold Correction
Interestingly, while gold prices slipped today, silver moved upward. The price of silver is currently trading at around ₹1,21,000 per kilogram. Analysts suggest that investors are shifting toward silver as an alternative safe-haven asset amid geopolitical and economic uncertainty.
Why Did Gold Become Expensive Earlier?
The recent fluctuations in gold prices are closely tied to political and monetary shifts in the US. President Donald Trump’s unexpected decision to remove Federal Reserve Governor Lisa Cook created uncertainty across global markets. This led to a surge in demand for gold as a reliable hedge against risks.
Additionally, market experts believe that the move has increased pressure on the US Federal Reserve to cut interest rates. Historically, whenever interest rates fall, gold prices tend to rise because lower yields make gold more attractive compared to other fixed-income investments.
Further, the weakening of the Indian rupee against the US dollar and supportive cues from international markets have also played a key role in keeping gold prices elevated despite today’s minor decline.
City-Wise Gold Prices in India (August 30, 2025)
Here are the latest gold rates for major cities across India:
| City | 22 Carat Gold Price | 24 Carat Gold Price |
|---|---|---|
| Delhi | ₹96,350 | ₹1,02,510 |
| Chennai | ₹96,200 | ₹1,02,495 |
| Mumbai | ₹96,200 | ₹1,02,495 |
| Kolkata | ₹96,200 | ₹1,02,600 |
| Jaipur | ₹96,350 | ₹1,02,510 |
| Noida | ₹96,350 | ₹1,02,510 |
| Ghaziabad | ₹96,350 | ₹1,02,510 |
| Lucknow | ₹96,350 | ₹1,02,510 |
| Bengaluru | ₹96,200 | ₹1,02,600 |
| Patna | ₹96,200 | ₹1,02,600 |
What Influences Gold Prices in India?
Gold prices in India are not fixed and fluctuate daily due to several factors, including:
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Global market trends – International spot prices and geopolitical developments.
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Import duties and local taxes – Higher import charges directly impact retail gold rates.
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Currency exchange rates – The strength of the US dollar against the Indian rupee plays a crucial role.
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Seasonal demand – Festivals and wedding seasons often increase demand, driving prices higher.
In India, gold holds cultural as well as financial significance. Apart from being a cherished ornament, it is considered a safe long-term investment and a hedge against inflation.
Outlook Ahead
While gold saw a correction today, analysts predict that overall demand will remain strong due to global uncertainties and domestic festive demand in the coming months. Investors and households looking to buy gold should closely track both international developments and domestic price movements before making a purchase decision.
