Gold, Silver Prices In India Today, August 11: Gold prices fell on Monday, as easing geopolitical risks weighed on the safe-haven demand. In Mumbai, the price of gold stood at Rs 93,750 per 10 grams for
22-carat and Rs 1,02,280 per 10 grams for 24-carat.
The price of silver remained flat at Rs 1,17,000 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading lower by 0.85% at Rs 1,00,937 per 10 gram, while silver (expiring on September 5, 2025) fell 0.75% to trade at Rs 1,14,016 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 11?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,900 | Rs 1,02,430 |
| Jaipur | Rs 93,900 | Rs 1,02,430 |
| Ahmedabad | Rs 93,800 | Rs 1,02,330 |
| Patna | Rs 93,800 | Rs 1,02,330 |
| Mumbai | Rs 93,750 | Rs 1,02,280 |
| Hyderabad | Rs 93,750 | Rs 1,02,280 |
| Chennai | Rs 93,750 | Rs 1,02,280 |
| Bengaluru | Rs 93,750 | Rs 1,02,280 |
| Kolkata | Rs 93,750 | Rs 1,02,280 |
International Gold Prices
In the international market, gold slipped on Monday as signs of easing geopolitical risks weighed on its safe-haven demand, with markets now focused on upcoming US inflation data that could offer insight into the Federal Reserve’s interest rate outlook.
Spot gold fell 0.7% to $3,376.67 per ounce, as of 0248 GMT, after hitting its highest since July 23 on Friday. US gold futures for December delivery dropped 1.5% to $3,439.70.
US President Donald Trump on Friday said he will meet Russian President Vladimir Putin on August 15 in Alaska to negotiate an end to the war in Ukraine. Focus this week will be on US consumer prices due on Tuesday, with analysts expecting the impact of tariffs to help nudge the core up 0.3% to an annual pace of 3.0% and away from the Fed’s target of 2%.
Recent softer-than-expected US jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year end.
Non-yielding gold thrives in a low-interest rate environment.
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.
