Drop in Gold Rate Today in India on Raksha Bandhan 2026; 24K Falls Over Rs 39,000 in Just 2 Days; Check Prices

Gold rates in India extended their decline on Friday, with the precious metal witnessing a sharp correction during the Raksha Bandhan 2026 period. 24 Karat gold fell Rs 316 to Rs 15,982 per gram, while 22 Karat gold declined Rs 290 to Rs 14,650 per gram. The 18 Karat gold rate dropped Rs 237 to Rs 11,987 per gram. With the latest fall, gold prices have declined by around Rs 39,300 per 100 grams in just two days, putting the recent rally under pressure.

Drop in Gold Rate Today on Raksha Bandhan 2026; 24K Falls Over Rs 39,000 in Just 2 Days

Silver also weakened in the domestic market, falling Rs 5,000 per kilogram to Rs 2,55,000 per kilogram, or Rs 255 per gram. In the international market, gold prices slipped as investors remained cautious ahead of closely watched remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, with the comments likely to provide fresh clues on the US interest-rate outlook.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 28 August 2026

24 Karat Gold Rate Today in India

The 24 Karat gold rate stood at Rs 15,982 per gram today, marking a decline of Rs 316 from the previous rate. For larger quantities, 8 grams of 24K gold was priced at Rs 1,27,856, down Rs 2,528, while 10 grams cost Rs 1,59,820, a fall of Rs 3,160. The price of 100 grams stood at Rs 15,98,200, reflecting a decline of Rs 31,600.

22 Karat Gold Rate Today in India

The 22 Karat gold price fell to Rs 14,650 per gram, down Rs 290 from the previous rate. The price for 8 grams stood at Rs 1,17,200, lower by Rs 2,320, while 10 grams was available at Rs 1,46,500, down Rs 2,900. For 100 grams, the 22K gold rate stood at Rs 14,65,000, registering a decline of Rs 29,000.

18 Karat Gold Rate Today in India

The 18 Karat gold rate declined by Rs 237 to Rs 11,987 per gram. For 8 grams, the price was Rs 95,896, down Rs 1,896, while 10 grams was priced at Rs 1,19,870, marking a fall of Rs 2,370. The price of 100 grams of 18K gold stood at Rs 11,98,700, lower by Rs 23,700.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gm on August 28, 2026

Silver prices in India declined across all quantities on Friday. The silver rate fell Rs 5 per gram to Rs 255, compared with Rs 260 previously. For 8 grams, the price stood at Rs 2,040, down Rs 40, while 10 grams was priced at Rs 2,550, a decline of Rs 50. The price of 100 grams fell Rs 500 to Rs 25,500, while 1 kilogram of silver was priced at Rs 2,55,000, down Rs 5,000 from the previous rate.

"Gold and silver held firm this week, buoyed by ongoing currency debasement concerns, as markets awaited Fed Chair Kevin Warsh's Jackson Hole address on Friday. Rate expectations currently stand at 36.5% for September and 72.7% by December," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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