Gold Rate In India Today, 24 Aug: Check 24k, 22K,18K Rates On Sunday After Multiple Ups & Downs This week

The gold rate in India traded steady today after a volatile week, with 24-carat gold still hovering above the Rs. 1 lakh mark. Over the last 10 days, domestic gold rates have declined by around 0.4%, despite market expectations of a festive season demand boost for jewellery and investment purchases. Globally, the spot gold dipped by 0.3% on Friday. The market will be influenced by the U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium, where he dropped cues on further interest rate policy.

Gold Prices in India Today

On August 24th, the 22-carat gold rate in India steadied at yesterday's rate to cost Rs. 101,620 per 10 grams. While the 24-carat gold prices today are at Rs. 93,150 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs 76,214.

In a similar line, 100 grams of 22-carat gold stand at Rs 931,500. While the 24-carat gold price in India per 100 grams is now retailing at Rs 1,016,200.

MCX Gold and Silver Futures Update

Before closing on Friday, gold futures prices on the Multi-Commodity Exchange (MCX), expected to mature on October 3rd, 2025, jumped 0.94% lower at Rs 100,391 per 10 grams. Similarly, silver futures, with an expiry date of September 5th, settled at Rs 116,234 per kg.

Market Outlook for Gold Prices

"Gold slipped to around $3,330 per ounce on Friday, staying rangebound as traders awaited Powell's Jackson Hole speech for policy cues, with markets pricing in a 75% chance of a September rate cut. Geopolitical tensions also weighed, as Russia launched its biggest drone and missile attack on Ukraine in over a month, dampening hopes of a peace deal. On the technical front, MCX gold has seen a notable correction in recent sessions. However, in the last two sessions, it has found good support near the 50-day EMA line. The immediate and broader trends remain neutral with no clear direction, with support placed at 98,600 and resistance seen at 99,600." as per a commodity report from Way to Wealth.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored the gold rates in India today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on August 24th.

Silver Price Movement in India

Silver prices in India on Sunday, August 24, showed no major movements, so 1 kg of silver in India costs Rs 120,000. While 100 g of silver rates in India cost Rs 11,200.

Spot Gold Prices + Spot Silver Price Today

Reuters in its report mentioned, "Spot gold fell 0.3% to $3,337.95 per ounce as of 1:47 p.m. ET (1747 GMT). U.S. gold futures for December delivery settled 0.2% lower at $3,386.50. Spot silver was up 0.6% at $38.10 per ounce."

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 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.