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In Mumbai, the price of gold stands at Rs 1,00,760 per 10 grams for 24-carat and Rs 92,310 per 10 grams for 22-carat.
Gold Price Today, August 22.
Gold, Silver Prices In India Today, August 22: Gold prices on August 22 saw a high volatility as traders await the US Fed Chairman Jerome Powell’s upcoming remarks at the Jackson Hole Symposium. In Mumbai, the price of gold stood at Rs 1,00,760 per 10 grams for 24-carat and Rs 92,310 per 10 grams for 22-carat.
The price of silver stood at Rs 1,16,100 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) fell 0.15% to trade at Rs 99,285 per 10 grams, whereas silver (expiring on September 5, 2025) was trading marginally down by 0.11% at Rs 1,13,580 per kg in the morning trade.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 22?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 92,460 | Rs 1,00,910 |
| Jaipur | Rs 92,460 | Rs 1,00,910 |
| Ahmedabad | Rs 92,360 | Rs 1,00,810 |
| Patna | Rs 92,360 | Rs 1,00,810 |
| Mumbai | Rs 92,310 | Rs 1,00,760 |
| Hyderabad | Rs 92,310 | Rs 1,00,760 |
| Chennai | Rs 92,310 | Rs 1,00,760 |
| Bengaluru | Rs 92,310 | Rs 1,00,760 |
| Kolkata | Rs 92,310 | Rs 1,00,760 |
International Gold Prices
In the international market, US spot gold edged down 0.1% to $3,335.22 per ounce by 0210 GMT. US gold futures for December delivery fell 0.1% to $3,378.70.
Investors refrain from taking any big bets ahead of Powell’s speech at the annual Jackson Hole symposium that could offer fresh clues on the monetary policy path. Fed Chair Jerome Powell is expected to deliver the keynote speech on Friday at 1400 GMT (7:30 pm in India) at the symposium.
Last month, two Fed officials – Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller – voted for a quarter-point rate cut to address job market weakness, but their stance lacked broader support.
The Fed has held rates steady since December, with CME’s FedWatch tool projecting an 85% chance of a quarter-point rate cut in September.
Gold typically performs well in a low-interest-rate environment and during times of heightened uncertainty.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
Read More
