Gold, silver rates today on Raksha Bandhan 2026: Check 22K, 24K gold prices in Delhi, Mumbai, other cities

Gold and silver futures were trading in the red on the Multi Commodity Exchange (MCX) in early trade on Friday. MCX gold futures fell ₹877, or 0.55 per cent, to ₹1,57,353 per 10 grams, while silver futures declined ₹896, or 0.37 per cent, to ₹2,39,755 per kg.

The September gold contract on MCX has an expiry date of September 4, 2026, while the September silver contract is also set to expire on September 4.

Raksha Bandhan 2026

Tanishq gold rates today

According to Tanishq's rate history, the 22-karat gold rate stood at ₹14,805 per gram, or ₹1,48,050 per 10 grams, on August 28. The rate was unchanged from the previous day.

The 24-karat gold rate was ₹16,151 per gram, or ₹1,61,510 per 10 grams, also unchanged from August 27.

IBJA gold, silver rates on August 28

The India Bullion and Jewellers Association's (IBJA) Physical Market Report for August 27 showed the PM rate for 999-purity gold at ₹1,61,337 per 10 grams, while 916-purity gold was quoted at ₹1,47,785 per 10 grams. Silver of 999 purity stood at ₹2,42,959 per kg.

Gold rates today in major Indian cities

According to Goodreturns, gold prices vary slightly across major Indian cities. As of August 28, 2026, 24K gold is priced at ₹16,297 per gram in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad and Kerala, while Delhi has the highest rate among the listed cities at ₹16,312 per gram.

For 22K gold, the rate stands at ₹14,939 per gram in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad and Kerala, while Delhi's rate is ₹14,954 per gram.

Why do gold rates differ?

Gold prices can vary depending on whether the rate refers to MCX futures, IBJA benchmark prices or retail jeweller rates. City-wise prices may also differ because of local taxes, transportation costs and jeweller pricing. Jewellery purchases can additionally attract GST and making charges.

Why are gold prices falling?

Gold prices declined for the second consecutive session on Thursday, with analysts attributing the weakness to a stronger US dollar and higher Treasury yields.

Spot gold traded lower after stronger-than-expected US inflation data supported the US dollar and increased expectations around the Federal Reserve's interest-rate path.

Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said gold prices had declined ₹s 1,400 over the previous two trading sessions after touching ₹1,67,100 per 10 grams on Tuesday.

Globally, spot gold was trading marginally lower at USD 4,585.88 per ounce.