New Delhi, August 26, 2025 – Gold prices witnessed an upward trend on Tuesday, August 26, with rates climbing by nearly ₹500 compared to the previous day. In most Indian cities, gold traded above the crucial ₹1,00,800 mark per 10 grams, reflecting strong demand amid global uncertainty.
On Tuesday, 22-carat gold prices remained firm above ₹93,600 in major cities such as Mumbai, Chennai, and Kolkata, while 24-carat gold crossed ₹1,02,000 in Mumbai.
Here’s a quick look at the city-wise rates for 22-carat and 24-carat gold:
| City | 22 Carat (₹/10g) | 24 Carat (₹/10g) |
|---|---|---|
| Delhi | 93,700 | 1,00,900 |
| Mumbai | 93,600 | 1,00,800 |
| Chennai | 93,600 | 1,00,800 |
| Kolkata | 93,600 | 1,00,800 |
| Jaipur | 93,700 | 1,00,900 |
| Noida | 93,700 | 1,00,900 |
| Lucknow | 93,700 | 1,00,900 |
| Bengaluru | 93,600 | 1,00,800 |
| Patna | 93,600 | 1,00,800 |
In Mumbai, 24-carat gold hit ₹1,02,060 per 10 grams, while 22-carat touched ₹93,550.
While gold shone brighter, silver slipped slightly. Prices dropped by nearly ₹1,000 on Tuesday, with silver trading around ₹1,20,000 per kilogram. On the Multi Commodity Exchange (MCX), September silver futures were down by 0.43%, hovering near ₹1,16,449 per kg.
The recent surge in gold prices is largely linked to international developments. On Monday, U.S. President Donald Trump dismissed Federal Reserve Governor Lisa Cook over mortgage fraud allegations, a move that triggered concerns about the independence of the Federal Reserve. This uncertainty pushed global investors towards gold, traditionally considered a safe-haven asset.
Adding to this, Federal Reserve Chair Jerome Powell hinted last week at a possible interest rate cut in September. Markets now expect an 83% chance of a modest rate cut, although inflation remains a persistent concern. Analysts believe that Friday’s upcoming U.S. inflation data will play a crucial role in determining the next direction for gold and silver prices.
RahuI Kalantri, Vice President (Commodities) at Mehta Equities, said:
"Gold prices are primarily reacting to political and monetary developments in the U.S. The dismissal of a Fed governor and dovish signals on interest rates are fueling safe-haven demand."
Support levels for gold: ₹1,00,240 – ₹99,850
Resistance levels for gold: ₹1,00,950 – ₹1,01,150
Support levels for silver: ₹1,15,150 – ₹1,14,350
Resistance levels for silver: ₹1,16,750 – ₹1,17,250
On MCX, October 2025 gold futures rose 0.30% to trade near ₹1,00,925 per 10 grams, while silver futures for September delivery slipped marginally.
Gold rates in India are influenced by multiple factors, including:
Global gold prices
Import duties and local taxes
Dollar-to-rupee exchange rate
Seasonal demand during weddings and festivals
In Indian culture, gold is more than just an ornament—it is a symbol of security and wealth preservation. This dual role as both jewelry and an investment makes it a key driver in household savings.
Gold prices on August 26, 2025, surged by ₹500, pushing 24-carat rates above ₹1,02,000 in Mumbai and other metro cities, while silver saw a mild correction. Analysts suggest that global monetary policies and U.S. inflation data will decide the next move in bullion markets.
