Archive · 28 Aug 2026
Gold and Silver Rates Fall Across Indian Cities
Gold and silver prices were listed for several Indian cities on August 28.
Gold was shown in two common purities: 24-karat and 22-karat.
Twenty-four-karat gold is purer, while 22-karat gold is stronger for making jewellery.
Delhi had the lowest listed 24-karat gold price among the six cities.
Chennai had the highest listed 24-karat and 22-karat gold prices.
Chennai also had the highest silver price in the table.
Jewellery companies posted slightly different prices because of their own costs and pricing policies.
People are watching economic data, US interest-rate expectations and currency movements because these may influence future precious-metal prices.
On August 28, 24-karat gold ranged from ₹1,59,040 to ₹1,59,780 per 10 grams across six cities.
Twenty-two-karat gold ranged from ₹1,45,787 to ₹1,46,465 per 10 grams on August 28.
Silver prices ranged from ₹24,095 to ₹24,207 per 100 grams, or ₹2,40,950 to ₹2,42,070 per kilogram.
Joyalukkas and Malabar Gold & Diamonds quoted ₹14,725 per gram for 22-karat gold, while Tanishq quoted ₹14,805.
Compared with August 27 city rates, August 28 listed gold and silver prices were lower; the August 27 article gives conflicting Joyalukkas and Malabar 22-karat rates of ₹15,030 in prose and ₹15,010 in its table.
- Who
- Retail buyers, precious-metal market participants and jewellery retailers including Joyalukkas, Malabar Gold & Diamonds and Tanishq.
- What
- The latest listed retail rates for 24-karat and 22-karat gold and for silver were provided for six Indian cities, alongside rates from major jewellers.
- When
- The city rates were reported for August 28; the comparison article listed city rates for August 27 and jeweller rates dated August 26, 2026.
- Where
- Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai, as well as major Indian jewellery retailers.
- Why
- Market participants are monitoring global economic data, US interest-rate expectations and currency movements for indications about precious-metal prices.
- Lowest listed city gold rate
- Delhi: 24K at ₹1,59,040 and 22K at ₹1,45,787 per 10 grams
- Highest listed city gold rate
- Chennai: 24K at ₹1,59,780 and 22K at ₹1,46,465 per 10 grams
- Silver range
- ₹24,095–₹24,207 per 100 grams, or ₹2,40,950–₹2,42,070 per kilogram
- Joyalukkas and Malabar Gold & Diamonds
- 22K gold at ₹14,725 per gram on August 28
- Tanishq
- 22K gold at ₹14,805 per gram and estimated 24K gold at ₹16,151 per gram
- Malabar Gold & Diamonds 24K
- ₹16,064 per gram on August 28
- August 27 comparison
- City rates were ₹1,63,740–₹1,63,890 for 24K gold and ₹25,990–₹26,490 per 100 grams for silver
