Gold Price Today August 23: Gold Jumps Nearly ₹8,000 in a Week, Silver Rises ₹10,000

Gold prices in India have recorded a strong weekly rise, making the precious metal considerably more expensive for buyers across major cities. Over the past one week, the price of 24-carat gold has increased by as much as ₹7,960 per 10 grams in some markets, while 22-carat gold has become costlier by up to ₹7,300 per 10 grams.

Silver has also joined the rally. The white metal has gained around ₹10,000 per kilogram on a weekly basis, taking its price to ₹2,60,000 per kg on the morning of August 23, 2026.

In Delhi, 24-carat gold is priced at ₹1,63,240 per 10 grams, while 22-carat gold is available at ₹1,49,650 per 10 grams. Rates in Mumbai, Kolkata, Chennai and several other cities are slightly lower.

The sharp movement in domestic bullion prices comes at a time when gold and silver are also trading at elevated levels in the international market.

Gold Prices Rise Sharply Over the Week

Gold has delivered a strong performance during the past seven days. Depending on the city, 24-carat gold has become costlier by up to ₹7,960 per 10 grams, while 22-carat gold has risen by as much as ₹7,300.

The increase is significant for consumers planning to buy jewellery as well as for investors tracking gold as an asset class.

According to the rates available on August 23, international spot gold is trading around $4,600.91 per ounce.

Domestic gold prices are influenced by international bullion rates, movements in the rupee against the US dollar, import-related costs, local demand and other market factors.

Gold Price in Delhi Today

Delhi continues to quote slightly higher gold rates compared with several other major cities.

On August 23:

24-carat gold: ₹1,63,240 per 10 grams
22-carat gold: ₹1,49,650 per 10 grams

The difference between cities is generally linked to local market conditions, transportation expenses and other charges.

Gold Rate in Mumbai, Kolkata and Chennai

Gold prices in Mumbai, Kolkata and Chennai are at similar levels.

In all three cities, 24-carat gold is priced at around ₹1,63,090 per 10 grams, while 22-carat gold is available at around ₹1,49,500 per 10 grams.

Pune and Bengaluru are also witnessing similar prices, with 24-carat gold at ₹1,63,090 and 22-carat gold at ₹1,49,500 per 10 grams.

Gold Price Today in Major Indian Cities

Here are the latest indicative gold prices for August 23, 2026:

These prices are indicative and may vary slightly between jewellers due to making charges, taxes and other local costs.

Indore Bullion Market Also Sees an Increase

The bullion market in Indore also witnessed a notable rise a day earlier.

On Saturday, gold prices reportedly increased by around ₹1,200 per 10 grams, taking the average rate to approximately ₹1,56,900 per 10 grams in the local market.

Silver was quoted at an average price of around ₹2,41,500 per kilogram in Indore.

This movement reflects the broader upward trend visible across the precious metals market.

Silver Price Climbs ₹10,000 in One Week

Silver has also registered a sharp weekly gain.

The price of silver has increased by around ₹10,000 per kilogram over the past week. On the morning of August 23, silver is priced at approximately ₹2,60,000 per kilogram.

In the global market, spot silver is trading near $69.87 per ounce.

The strong rise in silver is important not only for retail buyers but also for industries that use the metal in manufacturing, electronics and other applications.

Why Are Gold and Silver Prices Moving?

Gold and silver prices in India are affected by both domestic and international developments.

Global bullion prices are among the biggest factors. When gold rises in overseas markets, domestic prices generally move in the same direction, though the extent of the change may vary.

The rupee-dollar exchange rate is also important because India imports a substantial amount of gold. If the rupee weakens against the dollar, imported gold can become more expensive.

Investment demand can further influence prices. During periods of economic uncertainty, market volatility or geopolitical tension, investors often turn towards gold as a perceived safe-haven asset.

Silver prices can be affected by similar investment trends, but industrial demand also plays an important role because silver is widely used in sectors including electronics, renewable energy and manufacturing.

What Jewellery Buyers Should Keep in Mind

Consumers planning to purchase gold jewellery should remember that the quoted gold rate is not necessarily the final amount they will pay.

Jewellers may add making charges, GST and other applicable costs to the base value of gold. Final jewellery prices can therefore differ from the headline bullion rate.

Buyers should also check the purity of the gold and look for proper hallmarking before making a purchase.

The rate can also change during the day depending on market movements, so checking the latest price shortly before purchasing may be useful.

Gold and Silver Remain in Focus After Weekly Rally

The strong weekly rise has once again brought precious metals into focus. With 24-carat gold gaining as much as ₹7,960 per 10 grams in a week and silver rising around ₹10,000 per kilogram, buyers are now facing significantly higher prices compared with the previous week.

As of August 23, Delhi's 24-carat gold rate stands at ₹1,63,240 per 10 grams, while Mumbai, Kolkata and Chennai are quoting around ₹1,63,090. Silver, meanwhile, is trading near ₹2.60 lakh per kilogram.

Consumers and investors should continue tracking global bullion markets, currency movements and domestic demand before making major buying or investment decisions.

Disclaimer: Gold and silver prices can fluctuate frequently and may differ across cities and sellers. The rates mentioned above are indicative. Investors should assess their financial goals and risk profile before making investment decisions.