Gold and silver prices on August 4, 2026, showed a largely stable trend in the retail market, despite some weakness observed in international bullion markets. This stability saw gold rates reaching up to ₹1,44,210 per 10 grams and silver rates nearing ₹2,34,900 per kilogram.
MCX Performance and Retail Market Overview
On the Multi Commodity Exchange (MCX), gold futures experienced a modest increase, rising by 0.42% to trade at ₹1.43 lakh per 10 grams. Silver futures saw a more significant jump, climbing approximately 1.06% to ₹2.19 lakh per kilogram at the time of reporting.
In the retail sector, gold is primarily traded in two purities: 24-karat and 22-karat. While 24-karat is recognized as the purest form, 22-karat gold is widely preferred for crafting jewelry due to its enhanced strength and durability, attributed to the inclusion of alloyed metals.
Market participants are closely monitoring global economic data, expectations regarding US interest rates, and currency fluctuations, as these factors are key in determining future trends for precious metal prices.
Latest Gold Rates Across Major Indian Cities (August 4)
- Delhi: 24K Gold at ₹1,44,360 per 10gm; 22K Gold at ₹1,32,340 per 10gm
- Mumbai: 24K Gold at ₹1,44,210 per 10gm; 22K Gold at ₹1,32,190 per 10gm
- Bengaluru: 24K Gold at ₹1,44,210 per 10gm; 22K Gold at ₹1,32,190 per 10gm
- Kolkata: 24K Gold at ₹1,44,210 per 10gm; 22K Gold at ₹1,32,190 per 10gm
- Hyderabad: 24K Gold at ₹1,44,210 per 10gm; 22K Gold at ₹1,32,190 per 10gm
- Chennai: 24K Gold at ₹1,44,560 per 10gm; 22K Gold at ₹1,32,510 per 10gm
Latest Silver Rates Across Major Indian Cities (August 4)
- Delhi: ₹23,490 per 100gm; ₹2,34,900 per kg
- Mumbai: ₹23,490 per 100gm; ₹2,34,900 per kg
- Bengaluru: ₹23,490 per 100gm; ₹2,34,900 per kg
- Kolkata: ₹23,490 per 100gm; ₹2,34,900 per kg
- Hyderabad: ₹23,490 per 100gm; ₹2,34,900 per kg
- Chennai: ₹23,490 per 100gm; ₹2,34,900 per kg
Gold Rates at Leading Jewellers
Leading jewelry retailers reported largely stable gold prices on August 4, 2026. Joyalukkas and Malabar Gold & Diamonds both quoted 22K gold at ₹13,220 per gram across most Indian states. Tanishq's 22K gold rate was slightly higher at ₹13,265 per gram.
For 24-carat gold, Malabar's rate stood at ₹14,422 per gram, while Tanishq's corresponding rate was ₹14,460 per gram. These minor differences in retail prices are influenced by individual brand pricing strategies, procurement costs, and regional market dynamics, though overall bullion trends continue to guide the broader pricing structure.
Joyalukkas 22K Gold Rate by State: ₹13,220 per gram across Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, and Tamil Nadu.