Gold and silver prices saw an upward trend on August 25, 2026, influenced by shifts in international bullion markets. The yellow metal's futures on the Multi Commodity Exchange (MCX) rose by 0.84%, pushing prices to approximately ₹1.63 lakh per 10 grams. Silver futures, however, maintained a steady position around ₹2.45 lakh per kilogram.
Retail Gold Prices Across India
In the retail sector, 24-karat gold reached ₹1,63,980 per 10 grams in major cities like Mumbai, Bengaluru, Kolkata, Hyderabad, and Chennai. Delhi recorded a slightly higher rate at ₹1,64,130 for the same purity. For those preferring 22-karat gold, commonly used for jewellery, prices stood at ₹1,50,310 per 10 grams in most metropolitan areas, with Delhi at ₹1,50,460.
Understanding Gold Purity
- 24-Karat Gold: Regarded as the purest form of gold, typically used for investments like bars and coins.
- 22-Karat Gold: A more durable alloy, ideal for crafting intricate jewellery due to its enhanced strength.
Silver Rates in Key Indian Cities
Silver prices also showed variation across India. In Delhi, Mumbai, Bengaluru, and Kolkata, silver was priced at ₹2,59,900 per kilogram. Meanwhile, buyers in Hyderabad and Chennai saw rates at ₹2,75,100 per kilogram.
Factors Influencing Precious Metal Prices
Market analysts indicate that future movements in gold and silver prices will largely depend on global economic data releases, evolving US interest rate expectations, and fluctuations in currency markets. These factors collectively contribute to the volatility and direction of precious metal valuations.
Leading Jeweller Rates (August 23, 2026)
While the overall bullion trends guide prices, retail rates at major jewellers can vary slightly due to brand-specific policies and procurement costs. As of August 23, 2026, leading retailers quoted the following per gram rates:
- Joyalukkas (22K): ₹15,030
- Malabar Gold & Diamonds (22K): ₹15,030
- Malabar Gold & Diamonds (24K): ₹15,887
- Tanishq (22K): ₹15,075
- Tanishq (24K): ₹15,887 (estimated)
These rates reflect the dynamic nature of the precious metals market, with both global and local factors playing a crucial role in daily price determinations.