Archive · 31 Aug 2026
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.
Gold prices fell nearly 1.5% in early trade on August 31, 2026.
Investors were watching expectations for a Federal Reserve rate hike.
Some investors booked profits after gold’s recent rally.
Gold opened on the Multi Commodity Exchange at Rs 1.55 lakh per 10 grams.
Goodreturns.in listed 24K gold at Rs 15,677, 22K at Rs 14,370, and 18K at Rs 11,785 per gram.
- Who
- Gold investors and traders, including investors watching Federal Reserve rate expectations.
- What
- Gold prices fell nearly 1.5% in early trade, while prices for 24K, 22K, and 18K gold were reported in India.
- When
- August 31, 2026, in early trade.
- Where
- India, with the opening price reported on the Multi Commodity Exchange; the headline references Delhi, Mumbai, Kolkata, Chennai, Lucknow, and other major cities.
- Why
- Investors were assessing Federal Reserve rate-hike expectations and booking profits after gold’s recent rally.
- Date
- August 31, 2026
- Early-trade movement
- Gold prices fell nearly 1.5%.
- Multi Commodity Exchange opening
- Rs 1.55 lakh per 10 grams.
- 24K gold
- Rs 15,677 per gram; 99.9% purity.
- 22K gold
- Rs 14,370 per gram; 91.6% purity.
- 18K gold
- Rs 11,785 per gram; 75% purity.
- Reported source for purity prices
- Goodreturns.in