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Gold Rate Today in India: Gold prices have strengthened for the second consecutive day, driven by a weaker US dollar and a rally in global markets, whereas silver has come under pressure due to subdued industrial demand. Regarding gold, following a day of stability, the price of 10 grams of 24-carat gold has risen by ₹890 and 22-carat gold by ₹810 over the last two days. Before the stable rates seen on August 23, the price of 10 grams of 24-carat gold had surged by ₹8,120 and 22-carat gold by ₹7,450 over three consecutive days. As for today, the price of 10 grams of both 24-carat and 22-carat gold has increased by ₹10 in the national capital, Delhi. In contrast, silver prices have dipped today; after remaining stable for three consecutive days, the rate for one kilogram of silver has dropped by ₹100. City-wise Gold Prices

Let’s find out the price of 10 grams of gold (in 18-carat, 22-carat, and 24-carat purities) across 10 major cities in the country...

City    24-Carat Gold Price (10g)    22-Carat Gold Price (10g)    18-Carat Gold Price (10g)
Delhi              ₹1,64,130                   ₹1,50,460                              ₹1,23,090
Mumbai         ₹1,63,980                   ₹1,50,310                              ₹1,22,940
Kolkata          ₹1,63,980                   ₹1,50,310                              ₹1,22,940
Chennai         ₹1,63,980                  ₹1,50,310                                ₹1,28,010
Bengaluru      ₹1,63,980                  ₹1,50,310                               ₹1,22,940
Hyderabad    ₹1,63,980                  ₹1,50,310                                ₹1,22,940
Lucknow       ₹1,64,130                  ₹1,50,460                                 ₹1,23,090
Patna            ₹1,64,030                  ₹1,50,360                                 ₹1,22,990
Jaipur            ₹1,64,130                  ₹1,50,460                                ₹1,23,090
Ahmedabad    ₹1,64,030                 ₹1,50,360                               ₹1,22,990

Silver Prices Drop After Three Days of Stability

As for silver, prices have declined today following three consecutive days of stability. Prior to this three-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 dropped by ₹5,000. As for today's rates, the price of one kilogram of silver in Delhi has dropped by ₹100, bringing it to ₹2,59,900. In other major metropolitan cities like Mumbai and Kolkata, it is trading at the same price. However, in Chennai, the price for a kilogram of silver stands at ₹2,75,100, making it the most expensive among the four major metros.

**What the Experts Say**

Gaurav Garg, Head of Research at Lemon Markets Desk, states that gold prices in the domestic market have surged due to a weak US dollar and the demand for safe-haven investments. Rising tensions between the US and Iran have shifted investor interest toward safe-haven assets. Gold prices have also risen in the international market; spot gold climbed by $42.45—an increase of nearly 1%—to reach $4,646.54 per ounce, while silver remained steady at approximately $69 per ounce.

According to analysts, gold's trajectory will no longer be determined solely by geopolitical tensions; the market will also keep a close watch on inflation and the stance of the US Federal Reserve. Kainat Chainwala, Associate Vice President (AVP) of Commodity Research at Kotak Securities, notes that if crude oil prices rise due to tensions in West Asia, the Federal Reserve could face increased challenges regarding inflation. The market will be watching to see whether the Fed views this rise as temporary or perceives it as posing a significant risk of inflation.

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