Precious metal prices in India showed broad stability on August 14, 2026, even as international bullion markets experienced some weakness. Market participants are closely monitoring global economic data, US interest rate expectations, and currency movements for future direction in gold and silver rates.
Current Gold and Silver Rates
On August 14, 24-karat gold was priced at ₹1,53,590 per 10 grams, with silver rates nearing ₹2,54,900 per kilogram. Futures trading on the Multi Commodity Exchange (MCX) reflected a slight downturn, with gold futures dropping approximately 0.75% to ₹1.52 lakh per 10 grams and silver futures falling over 1% to ₹2.32 lakh per kilogram at the time of reporting.
Retail Gold Purity Explained
In the retail market, gold is primarily traded in two purities: 24-karat and 22-karat. While 24-karat is considered the purest form of gold, 22-karat is widely preferred for crafting jewellery. The addition of alloyed metals in 22-karat gold provides enhanced strength and durability, making it more suitable for intricate designs and daily wear.
City-wise Gold Rates (August 14, 2026)
- 24K Gold (₹ per 10gm):
- Delhi: ₹1,53,740
- Mumbai: ₹1,53,590
- Bengaluru: ₹1,53,590
- Kolkata: ₹1,53,590
- Hyderabad: ₹1,53,590
- Chennai: ₹1,55,140
- 22K Gold (₹ per 10gm):
- Delhi: ₹1,40,940
- Mumbai: ₹1,40,790
- Bengaluru: ₹1,40,790
- Kolkata: ₹1,40,790
- Hyderabad: ₹1,40,790
- Chennai: ₹1,42,210
City-wise Silver Rates (August 14, 2026)
- Silver (₹ per kg):
- Delhi: ₹2,54,900
- Mumbai: ₹2,54,900
- Bengaluru: ₹2,54,900
- Kolkata: ₹2,54,900
- Hyderabad: ₹2,59,900
- Chennai: ₹2,59,900
Leading Jeweller Gold Prices
Major jewellery retailers also reported largely stable gold prices on August 14, 2026. Joyalukkas quoted 22K gold at ₹14,220 per gram, while Malabar Gold & Diamonds offered 22K gold at ₹14,195 per gram across several Indian states. Tanishq's 22K gold rate stood at ₹14,160 per gram.
For 24-karat gold, Malabar's rate was ₹15,460 per gram, and Tanishq's corresponding rate was estimated at ₹15,447 per gram. Minor variations in retail prices among jewellers are typically influenced by brand-specific pricing strategies, procurement costs, and regional market dynamics, though overall bullion trends remain the primary guide for pricing.