1 week ago
Gold Prices Rise as India and Global Rates Strengthen
Gold prices went up in India on Monday, August 24, 2026.
On the MCX, gold rose by 0.4 percent.
It opened at Rs 1.62 lakh for 10 grams.
Pure 24-karat gold cost Rs 16,397 per gram.
22-karat gold cost Rs 15,030 per gram.
18-karat gold cost Rs 12,293 per gram.
Gold prices also rose around the world.
This happened as the dollar was weaker and investors watched upcoming US inflation data and a speech by Federal Reserve Chair Kevin Warsh.
Gold prices rose 0.4% on the Multi Commodity Exchange on August 24, 2026.
MCX gold opened at Rs 1.62 lakh per 10 grams.
24-karat gold was priced at Rs 16,397 per gram in India.
22-karat and 18-karat gold were priced at Rs 15,030 and Rs 12,293 per gram, respectively.
Global gold prices reached their highest level in more than three months amid a weaker dollar and attention on US economic developments.
- Who
- Gold traders and buyers in India, along with global investors.
- What
- Gold prices rose in India and reached a more-than-three-month high globally.
- Where
- India, including major cities such as Delhi, Mumbai, Kolkata, Chennai and Lucknow; global markets were also affected.
- When
- Monday, August 24, 2026.
- Why
- The article attributes the rise to a subdued dollar, attention on key US inflation data and an upcoming speech by US Federal Reserve Chair Kevin Warsh.
Key facts
- Date
- August 24, 2026
- MCX change
- Gold prices rose 0.4 percent
- MCX opening price
- Rs 1.62 lakh per 10 grams
- 24-karat gold
- Rs 16,397 per gram; 99.9 percent purity
- 22-karat gold
- Rs 15,030 per gram; 91.6 percent purity
- 18-karat gold
- Rs 12,293 per gram; 75 percent purity
- Global price level
- Highest in more than three months
Sources
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