Gold Prices Tumble Nearly 1.5% as Rate Bets Rise

Gold became cheaper in early trading on August 31, 2026.

Its price dropped by nearly 1.5 percent.

Investors were considering whether the U.S. Federal Reserve might raise interest rates.

Some investors also sold gold to collect profits after its recent price increase.

On the Multi Commodity Exchange, gold opened at Rs 1.55 lakh for 10 grams.

Another source reported different prices for gold by purity.

One gram of 24K gold was listed at Rs 15,677.

One gram of 22K gold was listed at Rs 14,370.

One gram of 18K gold was listed at Rs 11,785.