6 days ago
Gold Prices Fall After Flat Trading in India
Gold prices in India fell on Friday, August 28, 2026.
On the Multi Commodity Exchange, gold opened at Rs 1.58 lakh per 10 grams.
This was more than 0.5 percent lower than the previous close.
The reported price of 24-karat gold was Rs 15,982 per gram.
Prices for 22-karat and 18-karat gold were Rs 14,650 and Rs 11,987 per gram.
Gold had traded almost unchanged on Thursday.
Analysts said weaker demand for gold in the spot market helped push prices down.
Investors were also watching what the US Federal Reserve might say about inflation and monetary policy.
Gold prices declined on Friday, August 28, 2026, after trading flat the previous day.
Gold futures on the Multi Commodity Exchange opened at Rs 1.58 lakh per 10 grams, down more than 0.5 percent.
India's reported gold prices were Rs 15,982 per gram for 24-karat, Rs 14,650 for 22-karat and Rs 11,987 for 18-karat gold.
Gold closed at Rs 1,59,650 per 10 grams on Thursday, ending a four-day gaining streak after the previous session.
Analysts attributed the decline to weaker spot demand, while US inflation and monetary-policy signals remained a broader market focus.
- Who
- Gold-market participants, analysts and investors monitoring the US Federal Reserve.
- What
- Gold prices in India fell, with the Multi Commodity Exchange opening more than 0.5 percent lower.
- Where
- India, including the Multi Commodity Exchange and major cities listed in the reports.
- When
- Friday, August 28, 2026, following flat trading on Thursday.
- Why
- Analysts attributed the decline to weaker spot demand; possible US inflation and monetary-policy signals could also influence precious-metals prices.
Key facts
- Date
- August 28, 2026
- Multi Commodity Exchange opening
- Rs 1.58 lakh per 10 grams, down more than 0.5 percent
- 24-karat gold
- Rs 15,982 per gram; 99.9 percent purity
- 22-karat gold
- Rs 14,650 per gram; 91.6 percent purity
- 18-karat gold
- Rs 11,987 per gram; 75 percent purity
- Thursday close
- Rs 1,59,650 per 10 grams after flat trading
- Reported reason for decline
- Weaker spot demand
Quotes
Saumil Gandhi
Senior Analyst - Commodities at HDFC Securities
“any indication of the US Federal Reserve's broader approach to inflation and monetary policy could influence the US dollar, treasury bond yields and precious metals. Investors will await US Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium on Friday.”
timesnownews.com
Sources
Gold Rate Today (August 28, 2026): Gold Prices Fall, Check 24K, 22K, 18K Prices In Delhi, Mumbai, Kolkata, Chennai, Lucknow And Other Major Cities
Gold Rate Today (August 27, 2026): Gold Prices Flat, Remain Rangebound; Check 24K, 22K, 18K Prices In Delhi, Mumbai, Kolkata, Chennai, Lucknow And Other Major Cities
Related news
Gold Prices Tumble Nearly 1.5% as Rate Bets Rise
Gold Prices Rise as India and Global Rates Strengthen
Indian Gold Prices Rise as MCX and City Rates Advance
Gold Prices Rise; Check 24K, 22K, 18K Rates in India
Gold Rate Today: 24K, 22K, 18K Prices Decline August 14
Gold Prices Extend Gains for Fourth Straight Session
India Draws Record $127 Billion Through FCNR Deposit Scheme
Major Banks Cut FCNR Deposit Rates After Subsidy Ends
Uber Driver Returns ₹37,000 Sent by Mistake, Refuses Reward
ICICI Bank Nears HDFC Bank as Nifty’s Top Influence
Brokerages Suggest HDFC Bank, PB Fintech, Parag Milk Foods
