Gold and silver prices in India continued to fluctuate this week, reflecting both domestic and international market trends. On Friday morning, gold rates recorded a slight rise, giving some relief to investors and traders after days of instability.

The 24-carat gold price increased by ₹10 and reached ₹1,00,760 per 10 grams. Similarly, 22-carat gold rose by ₹10 and is now priced at ₹92,310 per 10 grams. These rates show that despite volatility, demand for the yellow metal remains steady across the country.

Gold Rates in Delhi, Mumbai, Chennai, and Kolkata

Gold prices vary across major cities, and today’s rates highlight regional differences in pricing. In Delhi, 24-carat gold is being sold at ₹1,00,910 per 10 grams, while 22-carat gold is priced at ₹92,460 per 10 grams.

In Mumbai, Chennai, and Kolkata, the 24-carat gold rate is ₹1,00,760 per 10 grams, and the 22-carat variety is available at ₹92,310 per 10 grams. The consistency of rates in these three cities suggests stable demand and similar taxation patterns.

Silver Prices Surge Across Cities

Along with gold, silver also became more expensive today. Silver prices rose by ₹100 and reached ₹1,16,100 per kilogram. In Delhi, Mumbai, and Kolkata, silver is being traded at ₹1,16,100 per kilogram, while in Chennai, it is priced higher at ₹1,26,100 per kilogram.

The difference in Chennai’s silver rates compared to other metros highlights regional variations in demand, logistics, and local market behavior. Investors are closely monitoring silver’s performance as it remains a popular alternative to gold.

Gold Prices in Key Indian Cities

Gold rates across India continue to reflect local demand, taxation, and logistic costs. As of August 22, 2025, the prices in different cities are as follows:

In Delhi, Noida, Ghaziabad, and Gurugram, 24-carat gold is available at ₹1,00,910 per 10 grams, while 22-carat gold stands at ₹92,460 per 10 grams.

In Mumbai, Chennai, and Kolkata, the 24-carat gold price is ₹1,00,760 per 10 grams, with 22-carat gold trading at ₹92,310 per 10 grams.

In Jaipur, Lucknow, and Chandigarh, the 24-carat gold rate is ₹1,00,900 per 10 grams, while the 22-carat variety is priced at ₹92,450 per 10 grams.

In Ahmedabad and Bhopal, 24-carat gold is priced at ₹1,00,140 per 10 grams, and 22-carat gold at ₹91,790 per 10 grams.

In Hyderabad and Bengaluru, 24-carat gold is priced at ₹1,00,750 per 10 grams, while 22-carat gold trades at ₹92,300 per 10 grams.

These differences highlight the impact of regional factors on pricing, including local demand, import costs, and city-specific taxes.

International Market Influence

The global gold market continues to remain stable as investors await key policy signals. In the United States, markets are focusing on Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. The anticipation has kept global gold prices in a narrow range.

Spot gold was steady at $3,337.12 per ounce, while December delivery US gold futures remained unchanged at $3,380.30 per ounce.

Silver, on the other hand, saw a slight decline of 0.2 percent, falling to $38.08 per ounce. Platinum slipped by 0.4 percent to $1,347.50 per ounce, while palladium held steady at $1,111.07 per ounce.

These figures reflect the cautious sentiment in global markets as investors analyze inflation data and central bank signals.

Why Gold Prices Fluctuate

Gold prices in India are influenced by several factors, including international trends, currency fluctuations, and domestic demand. The Indian rupee’s movement against the US dollar plays a crucial role in determining gold rates.

When the rupee weakens, gold prices in India usually rise due to higher import costs. Similarly, global market movements directly impact domestic prices since India imports most of its gold.

Demand also fluctuates based on festivals, weddings, and investment trends. During festive seasons like Diwali or Akshaya Tritiya, demand usually increases, driving prices higher.

Silver’s Growing Popularity

While gold remains the preferred investment for many households, silver has gained attention as well. Its use in industries, including electronics and solar panels, makes it valuable beyond jewelry. The rising global demand for silver has pushed prices higher in recent months.

In India, silver is often seen as a more affordable investment compared to gold. Many households prefer buying silver ornaments and utensils, especially during festivals. Investors also see silver as a diversification option in their portfolios.

Investor Sentiment in India

Investors remain cautious but optimistic about gold. The slight increase in prices today shows stable demand despite market uncertainty. For long-term investors, gold continues to be a hedge against inflation and currency fluctuations.

Silver’s consistent rise also highlights changing investor preferences. With industrial demand expected to grow, many see silver as a strong investment for the future.

Gold as a Cultural and Financial Asset

In India, gold is more than just a commodity. It carries cultural, religious, and emotional significance. Families buy gold during weddings, festivals, and auspicious occasions, which drives seasonal demand.

At the same time, gold is considered a safe-haven investment. During economic uncertainty, people turn to gold as a secure store of value. This dual role makes gold unique compared to other financial assets.

Future Outlook

Experts believe gold prices in India will remain influenced by global central bank decisions and domestic demand. If the Federal Reserve signals further tightening, gold could see some pressure internationally, which may reflect in Indian prices.

However, festive demand in the coming months is expected to support gold’s upward trend in India. Silver prices are also expected to remain firm as industrial demand strengthens.

On August 22, 2025, gold and silver prices in India recorded modest gains. With 24-carat gold at ₹1,00,760 per 10 grams and silver at ₹1,16,100 per kilogram, investors continue to see value in precious metals. Regional price variations reflect local market dynamics, while international trends keep influencing the broader picture.

As global markets await signals from the Federal Reserve, Indian investors will keep monitoring gold and silver rates closely. The coming weeks, driven by festive demand and global cues, will play a key role in determining the direction of precious metal prices in India.