Gold, silver rates today: Precious metals extend decline amid market volatility; check 24K and 22K gold rates

Gold prices remained under pressure on Monday, 31st August, after the sharp sell-off on Friday, with the stronger US dollar, elevated Treasury yields and increased expectations of a Federal Reserve rate hike weighing on bullion.

On the MCX, October gold futures were trading around ₹1,56,400 per 10 grams, down roughly 1.7%, while December silver futures were around ₹2,42,670 per kilogram, down about 2.1% at the time of reporting.

Later in the session, gold futures extended their decline. PTI reported that on the MCX, October gold contracts fell ₹2,045, or 1.31%, to ₹1,54,236 per 10 grams, amid weaker spot demand. Globally, gold futures were also down 0.51% at $4,432.51 an ounce.

Tanishq gold rate today

Tanishq’s 24 Karat gold rate is ₹15,873 per gram, or ₹1,58,730 per 10 grams, on 31 August 2026. The rate has remained unchanged from 30 August and 29 August, when it was also ₹15,873 per gram. In comparison, Tanishq’s 22K gold rate is ₹14,550 per gram (₹1,45,500 per 10 grams). Thus, the difference between 24K and 22K is ₹1,323 per gram, with 24K being about 9.1% higher.

Joyalukkas 22K gold rate today

On Monday, August 31, 2026, Joyalukkas lists its 22 KT gold rate at ₹14,505 per gram across Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. That works out to ₹1,45,050 per 10 grams.

Malabar Gold & Diamonds’ gold rate

Malabar Gold & Diamonds’ gold rate was ₹14,505 per gram for 22K (916) purity and ₹15,824 per gram for 24K (999) purity, as per the rates last updated on August 29, 2026, at 12:02 PM. On a 10-gram basis, the rates work out to ₹1,45,050 for 22K gold and ₹1,58,240 for 24K gold.

IBJA gold, silver rates on August 28

On 31 August 2026, the IBJA Daily Bullion Physical Market Report highlighted firm bullion prices, with the latest available India spot rates, as of 28 August, showing 999-purity gold at ₹1,59,578 per 10 grams and 999-purity silver at ₹2,43,892 per kg, excluding GST. The report also showed gold and silver continuing to trade at elevated levels, with the 999-purity gold PM rate unchanged at ₹1,59,578 and silver at ₹2,43,892, reflecting a strong bullion market.

Gold & silver outlook

“Gold and silver are looking negative today, weighed down by the strength in the US dollar and higher bond yields. Expectations of an interest-rate hike have also increased significantly, rising to 55% from 33% last week. Technically, gold has strong support at ₹1,52,000 and resistance at ₹1,56,000, while silver has strong support at ₹2,37,000 and resistance at ₹2,43,000. We expect volatility to remain high in the near term," said Anuj Gupta, SEBI-registered Research Analyst.

Tata Mutual Fund's August 2026 outlook remains constructive on gold and silver over the medium to long term, while highlighting near-term volatility. The report sees central-bank gold purchases, geopolitical uncertainty and portfolio diversification as key supports for gold. For silver, industrial demand from electronics, renewable energy and AI-related applications remains a long-term positive, although higher volatility and fluctuations in industrial demand could lead to periods of consolidation. The report favours a staggered investment approach and suggests a broad 70:30 strategic allocation between gold and silver.