Gold, Silver Prices In India Today, August 21: Gold prices on Thursday saw a high volatility and suffered early losses, with traders eyeing US Fed Chair Powell’s remarks at Jackson Hole later this week.
In Mumbai, the price of gold stood at Rs 1,00,750 per 10 grams for 24-carat and Rs 92,300 per 10 grams for 22-carat.
The price of silver stood at Rs 1,16,000 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) fell 0.23% to trade at Rs 99,080 per 10 grams, whereas silver (expiring on September 5, 2025) was trading marginally up by 0.05% at Rs 1,12,610 per kg in the morning trade.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 21?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 92,450 | Rs 1,00,900 |
| Jaipur | Rs 92,450 | Rs 1,00,900 |
| Ahmedabad | Rs 92,350 | Rs 1,00,800 |
| Patna | Rs 92,350 | Rs 1,00,800 |
| Mumbai | Rs 92,300 | Rs 1,00,750 |
| Hyderabad | Rs 92,300 | Rs 1,00,750 |
| Chennai | Rs 92,300 | Rs 1,00,750 |
| Bengaluru | Rs 92,300 | Rs 1,00,750 |
| Kolkata | Rs 92,300 | Rs 1,00,750 |
International Gold Prices
In the international market, US spot gold eased 0.1% to $3,341.93 per ounce, as of 0202 GMT. U.S. gold futures for December delivery also lost 0.1% to $3,384.40.
Fed Chair Jerome Powell is expected to deliver the keynote speech on Friday at the Jackson Hole symposium, to be held from August 21-23, with investors closely monitoring whether he backs measures to bolster the labour market or maintains a focus on inflation risks.
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.
