Gold and silver prices recorded a sharp weekly rise in the domestic market, with both precious metals gaining significantly over the past seven days. According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by ₹8,257 per 10 grams during the week to reach ₹1,60,620 on August 22. Gold was priced at around ₹1.52 lakh per 10 grams on August 14.
Silver also registered a strong weekly gain. Its price increased by ₹12,788 per kilogram, rising from around ₹2.34 lakh last week to ₹2,46,630 per kg on August 22. The latest movement comes amid continued volatility in precious-metal prices in 2026.
Gold Price by Purity
According to the latest IBJA figures, the price of gold varies significantly depending on purity. The 24-carat rate stood at ₹1,60,620 per 10 grams, while 22-carat gold was priced at ₹1,47,128.
| Gold Purity | Price per 10 grams |
| 24 Carat | ₹1,60,620 |
| 22 Carat | ₹1,47,128 |
| 18 Carat | ₹1,20,465 |
| 14 Carat | ₹93,963 |
Retail jewellery prices can be higher than bullion rates because of factors such as making charges, GST and other applicable costs.
Gold Prices in Major Cities
Retail gold rates also vary across cities. On August 22, the 24-carat gold price for 10 grams was around ₹1,63,240 in Delhi and Jaipur, while Mumbai and Kolkata recorded rates of approximately ₹1,63,090.
| City | 24-Carat Gold, 10 grams |
| Delhi | ₹1,63,240 |
| Mumbai | ₹1,63,090 |
| Kolkata | ₹1,63,090 |
| Jaipur | ₹1,63,240 |
| Bhopal | ₹1,63,140 |
| Patna | ₹1,63,140 |
| Lucknow | ₹1,63,240 |
| Raipur | ₹1,63,090 |
| Ahmedabad | ₹1,63,140 |
The city-wise rates cited above are retail rates, while IBJA's bullion rate for 24-carat gold stood at ₹1,60,620 per 10 grams.
Gold Up ₹28,000 in 2026
Gold has gained substantially since the beginning of the year despite recording sharp fluctuations. On December 31, 2025, 10 grams of gold was priced at ₹1,33,195, compared with ₹1,60,620 on August 22, 2026.
That represents an increase of more than ₹27,000 in the period. Silver, meanwhile, has risen from ₹2,30,420 per kg at the end of 2025 to ₹2,46,630 currently.
Both metals also recorded much higher levels during the year. On January 29, gold was reported at ₹1.76 lakh per 10 grams, while silver reached ₹3.86 lakh per kg.
December Outlook for Gold and Silver
Anindya Banerjee, Senior Vice President and Head of Commodity Research at Kotak Securities, said gold continues to receive support from investors as well as central banks, including the Reserve Bank of India, which has been adding gold to its reserves.
According to the outlook cited in the report, gold could potentially reach ₹1.70 lakh per 10 grams by December, while silver could move towards ₹3 lakh per kg. Such projections, however, are market estimates and actual prices can change depending on global economic conditions, interest rates, currency movements and demand.
Check These Things Before Buying Gold
Consumers planning to purchase jewellery should check the BIS hallmark and verify the purity of the gold before making a payment. Buyers should also compare the day's bullion rate from reliable sources and check the weight independently.
Making charges can vary considerably between jewellers and are generally negotiable. Buyers should ask for a clear breakup showing the gold value, making charges, GST and any other applicable costs.
For silver purchases, simple household tests such as a magnet or ice test may provide an indication, but they cannot conclusively establish purity. For an accurate assessment, buyers should rely on proper hallmarking or professional testing rather than home tests alone.
