Gold Rate Update: Prices Drop on MCX, August 22 | Check City-Wise Trends.
Gold prices on Thursday (August 22) witnessed high volatility as investors awaited US Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium.
In Mumbai, gold stood at ₹1,00,760 per 10 grams (24K) and ₹92,310 per 10 grams (22K). Silver was priced at ₹1,16,100 per kg.
On the MCX, gold futures (August 5, 2025 expiry) slipped 0.15% to ₹99,285 per 10 grams, while silver futures (September 5, 2025 expiry) edged down 0.11% to ₹1,13,580 per kg.
Gold Prices Across Key Cities (22K & 24K) – August 22
Delhi: ₹92,460 (22K), ₹1,00,910 (24K)
Chennai: ₹92,910 (22K), ₹1,01,460 (24K)
Kolkata: ₹92,310 (22K), ₹1,00,760 (24K)
Bengaluru: ₹92,310 (22K), ₹1,00,760 (24K)
International Market
Spot gold eased 0.1% to $3,335.22/oz, while US gold futures dipped to $3,378.70/oz. Traders remained cautious ahead of Powell’s speech that may hint at the Fed’s next policy move.
Why Gold Prices Fluctuate in India
Gold rates are driven by global prices, import duties, exchange rate shifts, and local demand. In India, the metal remains a preferred investment and plays a central role in weddings and festivals, making daily price updates crucial for buyers.
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