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On the auspicious coincidence of Nag Panchami and the third Monday of the holy month of Sawan, there has been a slight softening of gold prices in the Indian bullion market. After reaching close to record levels in recent days, the prices of precious metals have slipped in the domestic market due to profit booking in the global markets and the strengthening of the US dollar index. Today the price of 22 carat jewelery gold decreased in the country’s financial capital Mumbai. ₹1,42,190 per 10 grams (Approximately ₹14,219 per gram), while the price of 24 carat pure gold ₹1,55,120 per 10 grams Has reached the level of.
This slowdown in gold prices ahead of the upcoming festive season of Rakshabandhan, Janmashtami, Ganeshotsav and weddings has brought a sigh of relief for general consumers and families planning to buy jewellery. On the Multi Commodity Exchange (MCX) too, limited trading was recorded in gold futures contracts in the morning trading session, the direct impact of which is clearly visible on the rate cards of retail jewelers and local markets across the country.
Latest gold prices today in major cities of the country: Know the mathematics of 24K, 22K and 18K.
There is some variation in gold prices in different cities of India due to locally imposed state sales tax, VAT, octroi and Jewelers Association margin. Today on 17 August 2026, the latest retail prices of gold per 10 grams in the major metros of the country and big cities of North India are recorded as follows:
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Mumbai (Maharashtra): 24 carat gold ₹1,55,120 per 10 grams, 22 carat gold ₹1,42,190 per 10 gramsand 18 carat gold is trading at ₹1,16,340 per 10 grams.
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New Delhi: 24 carat gold price in national capital ₹1,55,270 per 10 grams And price of 22 carat jewelery gold ₹1,42,340 per 10 grams Is made at the level of.
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Lucknow and Kanpur (Uttar Pradesh): In the major markets of UP, 24 carat gold is being sold at around ₹ 1,55,280 per 10 grams and 22 carat gold is being sold at around ₹ 1,42,350 per 10 grams.
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Patna (Bihar): In the capital Patna, 24 carat pure gold was recorded at ₹1,55,170 per 10 grams and 22 carat gold was recorded at ₹1,42,240 per 10 grams.
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Jaipur (Rajasthan): In the pink city of Jaipur, 24 carat gold is available at ₹1,55,290 per 10 grams and 22 carat gold is available at ₹1,42,360 per 10 grams.
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Kolkata (West Bengal): In Kolkata’s Bada Bazar, the price of 24 carat gold is stable at ₹1,55,120 per 10 grams and that of 22 carat gold at ₹1,42,190 per 10 grams.
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Chennai (Tamil Nadu): In Chennai, the major jewelery market of South India, 24 carat gold is being sold at the rate of ₹ 1,55,130 per 10 grams and 22 carat gold at ₹ 1,42,210 per 10 grams.
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Ahmedabad (Gujarat): In Ahmedabad, the rate of 24 carat gold is at ₹1,55,180 per 10 grams and the rate of 22 carat gold is at ₹1,42,250 per 10 grams.
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Bengaluru and Hyderabad: In IT City Bengaluru and Hyderabad, 24 carat gold is trading at ₹ 1,55,120 per 10 grams and 22 carat gold is trading at ₹ 1,42,190 per 10 grams.
The shine of silver also dimmed: Know the price of 1 kg silver
Along with gold, a softening trend has also been seen in the prices of industrial demand and silver used in jewelery today. Refinery silver price in domestic market is approx. ₹1,82,000 to ₹1,85,000 per kg It is within the scope of. The price of 100 grams of silver is ranging between ₹ 18,200 to ₹ 18,500. Experts say that despite continued demand from the solar energy (solar panels) and electric vehicle (EV) sectors at the international level, silver has seen a limited decline due to short-term technical correction.
What are the main reasons behind the fall in prices? Know international and domestic factors
According to commodity and bullion market experts, many geopolitical and economic reasons are active behind the stability and slight decline in gold prices during this period of Sawan:
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Impact of monetary policy of the US Federal Reserve: Globally, investors have slowed down their aggressive buying of gold slightly after mixed signals coming from the US Central Bank (US Fed) regarding the pace of interest rate cuts.
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Recovery in Dollar Index: A stronger dollar makes gold more expensive for foreign buyers, leading to an immediate decline in demand globally.
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Profit booking at higher levels: Following the sharp rise in gold prices over the past weeks, large hedge funds and institutional investors have booked profits at higher prices, putting downward pressure on prices.
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Stoppage in purchases by central banks: Although global central banks remain big buyers of gold, the pace of their bulk purchases has slowed down slightly at the current high valuations.
Identifying the purity of gold: What is the big difference between 24K, 22K and 18K?
While buying gold, every customer should understand the difference between its purity and carat so that they pay the right price:
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24 karat gold (99.9% purity): This is the purest form of gold. It is used only in making gold bars (coins/bricks) and biscuits. Due to being highly malleable and soft, durable jewelery cannot be made from 24 carat gold.
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22 Karat Gold (91.6% Purity – 916 Gold): It consists of 91.6% pure gold and 8.4% other metals (like copper or silver) to make the jewelery strong and durable. Most traditional jewelery in India is made from 22 carat gold.
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18 Karat Gold (75.0% Purity – 750 Gold): It contains 75% gold and 25% alloy. 18 carat gold is considered most suitable for diamond jewelery and western style fancy jewellery.
How is the final bill prepared while buying gold? Mathematics of 3% GST and making charge
The final bill generated when purchasing jewelery from a jewelery showroom is not based only on the base rate of gold. The customer must take into account three major components of billing:
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Base Gold Value: The number of grams of gold you have purchased is multiplied by the price of 22K or 18K applicable on that day.
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Making Charges: Jewelers add a making charge ranging from 8% to 20% depending on the complexity of the jewelery design and workmanship.
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GST (GST @ 3%): by the Government of India on the total value (gold + making charges) Goods and Services Tax (GST) of 3 percent is charged compulsorily.
6-digit HUID hallmark: the surest guarantee of genuine gold
Under the strict rules of the Bureau of Indian Standards (BIS), now non-6-digit alphanumeric HUID (Hallmark Unique Identification) Selling code gold jewelery is completely illegal.
When buying jewelry, be sure to check for these three marks:
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BIS Logo (BIS Triangular Logo): Triangular standard symbol.
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Indication of purity: 22K916 (for 22 karat), 18K750 (for 18 karat), or 14K585 (for 14 karat).
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6-Digit HUID Code: Laser engraved unique 6 letter and number code (e.g. AB1234). Customers can visit ‘BIS Care App’ and enter this code to verify at which hallmarking center and on which date the jewelery has been certified.
How to know the live gold rate of your city through missed call sitting at home?
If you want to know the retail prices of 22 carat and 18 carat gold on your mobile before going to the market, then the official number issued by the Indian Bullion and Jewelers Association (IBJA) 8955664433 But you can give a missed call. As soon as the missed call is disconnected, you will receive information about the day’s latest rates on your phone through SMS within a few seconds.
This slowdown in gold prices is providing a positive opportunity for festive shopping. However, market experts are of the opinion that making a systematic, phased investment in gold (through SIP or Gold ETF) always proves beneficial for investors as it is the safest hedge against inflation in the long run. While purchasing jewellery, always obtain a confirmed GST bill from a registered jeweler and ensure the correctness of the hallmark.