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Gold Rate Today in India: Amidst geopolitical tensions, gold prices have dipped for the second consecutive day, while silver has also come under pressure due to subdued industrial demand. Regarding gold, after a day of stability, the price of 10 grams of 24-carat gold has fallen by ₹390 and 22-carat gold by ₹360 over the last two days; this follows a period where—before a day of stability on August 9—prices had surged by ₹8,350 for 24-carat gold and ₹7,650 for 22-carat gold over four consecutive days. As for today, the price of 10 grams of both 24-carat and 22-carat gold has dropped by ₹10 in the national capital, Delhi. Silver prices have also declined today; after remaining stable for three consecutive days, rates have fallen, with the price of one kilogram of silver dropping 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                  ₹1,52,110                     ₹1,39,440                            ₹1,14,120
Mumbai             ₹1,51,960                     ₹1,39,290                            ₹1,13,970
Kolkata              ₹1,51,960                     ₹1,39,290                            ₹1,13,970
Chennai             ₹1,52,170                    ₹1,39,490                             ₹1,17,640
Bengaluru           ₹1,51,960                   ₹1,39,290                             ₹1,13,970
Hyderabad         ₹1,51,960                   ₹1,39,290                             ₹1,13,970
Lucknow            ₹1,52,110                    ₹1,39,440                             ₹1,14,120
Patna                ₹1,52,010                    ₹1,39,340                            ₹1,14,020
Jaipur                ₹1,52,110                     ₹1,39,440                           ₹1,14,120
Ahmedabad     ₹1,52,010                    ₹1,39,340                             ₹1,14,020

Silver Prices Drop After Three Days of Stability

As for silver, prices have declined today following three consecutive days of stability. In Delhi, the price of one kilogram of silver has dropped by ₹100, bringing it to ₹2,44,900. Regarding other major metropolitan cities, it is trading at the same price in Mumbai and Kolkata as well. However, the price of one kilogram of silver in Chennai stands at ₹2,49,900, meaning silver is most expensive there among the four major metropolitan cities.

What the experts say

According to Pranav Mer, Senior Vice President of EBG Commodity and Currency Research at JM Financial Services, the shine of gold and silver could increase in the short term. Mer believes that the price of 10 grams of gold could reach ₹1.57 lakh and one kilogram of silver could hit ₹2.80 lakh. Jatin Trivedi, Vice President and Commodity & Currency Research Analyst at LKP Securities, states that the recent rally in gold prices has been supported by weak US labor market data, a softening dollar, and expectations of a more dovish policy stance from the Federal Reserve. This week, key factors for investors will include US inflation data, shifting expectations regarding Federal Reserve rates, the dollar, oil prices, and developments in West Asia.

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