Gold – Silver Price Weekly: Gold and silver prices have declined. Prices for both metals have fallen on the Multi Commodity Exchange (MCX). Following this decline, silver prices have fallen significantly—by more than ₹1.83 lakh per kilogram—from their all-time high. Meanwhile, gold prices have dropped by ₹6,000 in a week. If you are considering buying gold, it is advisable to check the latest rates first.
Regular trading does not take place in the domestic bullion market on Sundays (such as August 30), so no new closing rates were issued today. Gold and silver prices fell sharply during the most recent trading session on August 28. In the Delhi bullion market, the price of 99.9% pure gold fell by ₹3,300 to ₹1,62,400 per 10 grams, while silver dropped by ₹5,000 to settle at ₹2,45,500 per kilogram.
Gold Prices Drop
Gold prices also declined on the Multi Commodity Exchange (MCX). On August 21, the MCX rate for 24-karat gold closed at ₹1,62,438 per 10 grams, whereas by August 28, it had fallen to ₹1,56,400. By this calculation, gold has become cheaper by ₹6,038 per 10 grams in just five trading days.
Gold prices have also declined in the domestic market. According to the Indian Bullion and Jewellers Association (IBJA) website (IBJA.Com), the rate for 10 grams of 24-karat gold fell by ₹1,042—dropping from ₹1,60,620 to ₹1,59,578. Meanwhile, silver prices in the domestic market fell from ₹2,46,630 to ₹2,43,892.
What are the latest gold rates?
While 24-carat gold is currently selling at ₹1,59,578 per 10 grams, the rates for other purities are as follows: 22-carat gold at ₹1,55,750 per 10 grams, 20-carat gold at ₹1,42,020 per 10 grams, 18-carat gold at ₹1,29,260 per 10 grams, and 14-carat gold at ₹1,02,930 per 10 grams.
What is the price of silver today?
Silver prices have also fluctuated significantly. On August 28, the price of silver in Delhi’s bullion market dropped by ₹5,000, settling at ₹2,45,500 per kilogram. Meanwhile, market data from Sunday indicates that silver is trading at approximately ₹2.45 lakh per kilogram.
Over the five trading days of the past week, the price of silver has fallen further from its all-time high. In January 2026, the price of 1 kg of silver crossed the historic ₹4 lakh mark for the first time, touching ₹4,20,048 per kilogram. However, a major crash in silver prices followed; after the recent decline, silver is now available at ₹1,83,397 per kilogram, ₹ 1,83,397 lower than that peak.