Gold, silver prices today (August 28): Check latest rates in Delhi, Mumbai, Kolkata, other cities

Gold and silver prices remained largely unchanged on August 28, as weakness in international bullion markets weighed on domestic rates. Gold prices hit ₹1,59,610 per 10 gm, whereas silver rates also neared ₹2,41,800 per kg.

On the Multi Commodity Exchange (MCX), gold futures were up by 0.56% at ₹1.59 lakh per 10 gm, whereas silver futures rose by 0.74% at around ₹2.40 lakh per kg at the time of writing this story.

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In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat. While 24-karat gold is regarded as the purest form of the precious metal, 22-karat gold is widely preferred for jewellery as it offers greater strength and durability due to the presence of alloyed metals.

Market participants will continue to track global economic data, US interest rate expectations and currency movements for further direction in precious metal prices.

Check the latest gold rates here

Check the latest silver rates here

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Gold rates at top jewellers

Gold prices at leading jewellery retailers remained largely stable on August 28, with Joyalukkas and Malabar Gold & Diamonds both quoting ₹14,725 per gm across major Indian states. Tanishq's 22K gold rate stood at ₹14,805 per gm. Malabar's 24-carat gold rate is ₹16,064 per gm, and Tanishq's 24-carat gold rate stood at ₹16,151 per gm.

The marginal differences in retail prices are influenced by brand-specific pricing policies, procurement costs, and regional market conditions, while overall bullion trends continue to guide gold prices.

*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.

Joyalukkas 22K Gold Rate by State