Gold and silver prices are back in focus as bullion markets reopen after the weekend. Precious metals witnessed notable pressure in the previous trading session, with both gold and silver recording declines. Buyers planning to purchase jewellery, coins or bullion may therefore want to check the latest rates before making a decision.
Gold prices can vary from one city to another depending on local market conditions and other charges. Rates also differ according to purity, with 24-karat, 22-karat and 18-karat gold serving different requirements. While 24K gold is the purest among these commonly quoted categories, 22K is widely used for jewellery, while 18K is often preferred for jewellery containing a higher proportion of other metals.
Here is a detailed look at the latest gold and silver prices for August 31, 2026.
Gold and Silver Fell in the Previous Trading Session
Precious metals ended the previous session under pressure. According to the figures provided, 24-karat gold on MCX declined 1.63% to Rs 1,56,400 per 10 grams. This represented a fall of Rs 2,596 compared with its previous closing level of Rs 1,58,996 per 10 grams.
Silver also recorded a sizeable decline. The metal slipped 1.66% to Rs 2,36,651 per kg, down by around Rs 4,000 from the previous session's closing price of Rs 2,40,651 per kg.
However, gold and silver rates can differ depending on the market and pricing source being considered.
According to bullion rates mentioned in the source, 24-karat gold stood at Rs 1,56,850 per 10 grams. Goodreturns data placed 24K gold at Rs 1,58,390 per 10 grams, while silver was quoted at Rs 2,55,000 per kg.
In Delhi's bullion market, silver was quoted at Rs 2,45,500 per kg.
Gold Price Today: City-Wise 24K, 22K and 18K Rates
Here are the gold prices for 10 grams across major Indian cities:
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Mumbai | Rs 1,58,240 | Rs 1,45,050 | Rs 1,18,680 |
| Kolkata | Rs 1,58,240 | Rs 1,45,050 | Rs 1,18,680 |
| Chennai | Rs 1,58,240 | Rs 1,45,050 | Rs 1,22,750 |
| Patna | Rs 1,58,290 | Rs 1,45,100 | Rs 1,18,730 |
| Lucknow | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Meerut | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Kanpur | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Ayodhya | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Ghaziabad | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Noida | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Gurugram | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Chandigarh | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Jaipur | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Ludhiana | Rs 1,58,390 | Rs 1,45,200 | Rs 1,18,830 |
| Guwahati | Rs 1,58,240 | Rs 1,45,050 | Rs 1,18,680 |
| Indore | Rs 1,58,290 | Rs 1,45,100 | Rs 1,18,730 |
| Ahmedabad | Rs 1,58,290 | Rs 1,45,100 | Rs 1,18,730 |
The supplied city-wise data shows Delhi, Lucknow, Jaipur, Noida, Gurugram and several other cities quoting 24K gold at Rs 1,58,390 per 10 grams. Mumbai, Kolkata, Chennai and Guwahati were slightly lower at Rs 1,58,240.
Silver Price Today: Check Rates in Major Cities
Silver was quoted at Rs 2,55,000 per kg across a large number of cities in the rate list. However, prices were higher in some markets.
| City | Silver Price per Kg |
|---|---|
| Delhi | Rs 2,55,000 |
| Mumbai | Rs 2,55,000 |
| Kolkata | Rs 2,55,000 |
| Chennai | Rs 2,60,000 |
| Patna | Rs 2,55,000 |
| Lucknow | Rs 2,55,000 |
| Meerut | Rs 2,55,000 |
| Ayodhya | Rs 2,55,000 |
| Kanpur | Rs 2,55,000 |
| Ghaziabad | Rs 2,55,000 |
| Noida | Rs 2,55,000 |
| Gurugram | Rs 2,55,000 |
| Chandigarh | Rs 2,55,000 |
| Jaipur | Rs 2,55,000 |
| Ahmedabad | Rs 2,55,000 |
| Pune | Rs 2,55,000 |
| Ludhiana | Rs 2,55,000 |
| Guwahati | Rs 2,55,000 |
| Indore | Rs 2,55,000 |
| Surat | Rs 2,55,000 |
| Nagpur | Rs 2,55,000 |
| Nashik | Rs 2,55,000 |
| Bengaluru | Rs 2,55,000 |
| Vadodara | Rs 2,55,000 |
| Bhubaneswar | Rs 2,60,000 |
Chennai and Bhubaneswar were the notable exceptions in the supplied list, with silver priced at Rs 2,60,000 per kg. Most of the other listed cities, including Delhi, Mumbai, Kolkata, Jaipur, Noida, Ahmedabad and Bengaluru, had a quoted price of Rs 2,55,000 per kg.
What Is Happening in the International Precious Metals Market?
Global market conditions remain an important factor for domestic gold and silver prices.
According to the figures provided in the source article, gold in the international market was trading at $4,506.40 per ounce, while silver stood at $66.44 per ounce. Silver has witnessed considerable volatility in recent sessions, moving within the $68-$70 range at different points.
Gold, meanwhile, has continued to attract attention amid broader concerns surrounding the US debt situation, which the supplied report says has crossed $40 trillion. Such global economic developments can influence demand for precious metals, particularly when investors look towards traditional safe-haven assets.
Why Gold Prices Differ Across Cities
The price displayed in a bullion market or online rate list may not necessarily be the final amount a customer pays at a jewellery store. Local market conditions can result in differences between cities, while jewellery purchases may also involve making charges and applicable taxes.
Purity is another major factor. A 24K gold rate cannot be directly compared with 22K or 18K jewellery because the proportion of pure gold differs.
Anyone planning a major purchase should therefore check the day's local rate and confirm the purity, hallmarking, making charges and final payable amount with the jeweller before completing the transaction.
With both gold and silver coming off declines in the previous session, precious-metal prices will remain closely watched as trading resumes after the weekend.
