Gold Prices In India Today Inches Higher: All Purities See Rs 100 Uptick For 100 Gms; Silver Falls

Due to the impending festive season and growing demand for safe-haven investments, the price of gold has risen in India today, Friday, August 29. Although the US dollar is moving both ways and interest rate predictions are fluctuating, the price of gold is still reasonably constant despite concerns over domestic and global economies.

Gold & Silver Rates In India Today

Today's gold prices in India are Rs 10,261 per gram for 24 carat gold, Rs 9,406 per gram for 22 carat gold, and Rs 7,696 per gram for 18 carat gold. In India, 24k of 10 grams of gold would cost Rs 1,02,610 today compared to Rs 1,02,600 yesterday. Similarly, the price of 24k of 100 grams of gold shot up by Rs 100 to Rs 10,26,100 on Friday.

The price of 22-carat gold in India climbed somewhat on August 29, 2025, in comparison to the day before. The cost of one gram of 22-carat gold went up by Rs 1 to Rs 9,406. In a similar vein, eight grams cost Rs 75,248, which represents a rise of Rs 8. The cost increased by Rs 10 to Rs 94,060 for 10 grams. The most significant change was for 100 grams, which cost Rs 9,40,600, an increase of Rs 100 from the previous day. Hence, there was a steady increase in the price of one rupee for each gram of gold.

In India, the price of 18-carat gold rose somewhat on August 29, 2025, in comparison to the previous day. One gram cost Rs 7,696, which was a spike of Rs 1. The cost of eight grams was Rs 61,568, with a rise of Rs 8. Ten grams cost Rs 76,960, which was a price rise of Rs 10, and 100 grams cost Rs 7,69,600, which was an uptick of Rs 100 over the previous day.

In India, silver is currently priced at Rs 119.90 per gram and Rs 1,19,900 per kilogram, which is a slight drop from yesterday's pricing. Rates have fallen for all weights: 1 gram has dropped by Rs 0.10 to Rs 119.90, 8 grams have dropped by Rs 0.80 to Rs 959.20, and 10 grams have dipped by Rs 1 to Rs 1,199. In a similar vein, 100 grams of silver now costs Rs 11,990, down Rs 10, while 1 kilogram is now priced at Rs 1,19,900, down Rs 100 from Rs 1,20,000 yesterday.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold and silver prices are headed for a consecutive weekly gain that's pushed it closer to a record high, as investors braced for an inflation reading that may prove key to US monetary easing this year," commented the research analysts of Nirmal Bang.

"The price of gold remains relatively stable while there is still good demand for the metal. There is some volatility in the short-term price movement, which will be controlled in the north and south direction by the US dollar and shifting expectations of interest rates. Investors will continue to monitor international cues, primarily the sentiment of the Federal Reserve, along with heightened geopolitical tensions impacting safe-haven buying. During this festive season, seasonal buying and wedding-related demand in India will cap the downside. Therefore, gold is expected to trade in a narrow band in the near term, while navigating international headwinds, in conjunction with domestic buying activity," commented Mr. Mohit Kamboj, Former National President, India Bullion and Jewellers Association (IBJA) and CEO, Aspect Global Ventures.

"As investors around the world become more optimistic over renewable energy growth and electric vehicles, industrial demand for silver remains a major underpinning to the metal. In addition, global investors are using silver as a hedge as we move through periods of economic uncertainty. With all of this, silver is firmly placed on the positive side of consideration. In the context of India, festive and ornamental demand is icing on the cake when looking at how industrial demand for silver is adding to price stability. The outlook continues to suggest prices for silver could remain positive, as supportive demand fundamentals continue to align with overall market sentiment," Mohit Kamboj added.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.