Archive · 28 Aug 2026
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.
- When
- Friday, August 28, 2026, following flat trading on Thursday.
- Where
- India, including the Multi Commodity Exchange and major cities listed in the reports.
- Why
- Analysts attributed the decline to weaker spot demand; possible US inflation and monetary-policy signals could also influence precious-metals prices.
- 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
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
