Precious metal prices in India saw largely stable trends on August 10, 2026, with gold and silver rates reflecting a general weakness observed in international bullion markets. Despite this, gold futures on the Multi Commodity Exchange (MCX) showed a slight uptick, with 24-karat gold hovering around ₹1.45 lakh per 10 grams.
MCX Futures Performance
On the MCX, gold futures recorded a modest increase of 0.60%, reaching approximately ₹1.45 lakh per 10 grams. Silver futures also saw a rise, climbing by about 0.99% to trade at around ₹2.23 lakh per kilogram. These movements indicate ongoing activity in the futures market, even as retail prices maintain stability.
Retail Gold & Silver Rates Across Major Cities
In the physical retail market, 24-karat gold, considered the purest form, was priced between ₹1,52,350 and ₹1,52,550 per 10 grams across major Indian cities like Delhi, Mumbai, Bengaluru, and Kolkata. For 22-karat gold, commonly preferred for jewellery due to its durability, rates ranged from ₹1,39,650 to ₹1,39,850 per 10 grams.
- Delhi: 24K Gold at ₹1,52,550/10gm; 22K Gold at ₹1,39,850/10gm
- Mumbai: 24K Gold at ₹1,52,350/10gm; 22K Gold at ₹1,39,650/10gm
- Kolkata: 24K Gold at ₹1,52,350/10gm; 22K Gold at ₹1,39,650/10gm
- Hyderabad: 24K Gold at ₹1,52,350/10gm; 22K Gold at ₹1,39,650/10gm
Silver prices also showed slight variations, with rates for a kilogram of silver ranging from ₹2,57,000 to ₹2,65,900 across different cities. Delhi reported silver at ₹2,62,000 per kg, while Mumbai saw rates at ₹2,61,000 per kg.
Leading Jeweler Prices
Leading jewellery retailers also reflected the stable market conditions. Joyalukkas and Malabar Gold & Diamonds quoted 22-karat gold at approximately ₹13,200 per gram. Tanishq's 22K gold rate was slightly higher at ₹13,245 per gram. For 24-karat gold, Malabar Gold & Diamonds listed rates at ₹14,422 per gram, while Tanishq's corresponding rate was around ₹14,415 per gram.
Marginal price differences among retailers are typically influenced by brand-specific pricing strategies, procurement expenses, and local market dynamics, all while adhering to broader bullion trends.
Factors Influencing Precious Metal Prices
Market participants continue to closely monitor several global economic indicators that could dictate future movements in precious metal prices. Key factors include international economic data releases, expectations regarding US interest rate adjustments, and fluctuations in global currency markets. These elements collectively contribute to the broader direction of both gold and silver valuations.