India Gold Prices Stable Amid Global Dip on Fed Cues
By Market Desk
Indian gold rates hold steady on Aug 18, 2026, while global bullion dips slightly as traders await US Federal Reserve meeting minutes for interest rate clues.
On August 18, 2026, gold prices across India registered minimal fluctuations, with 24-carat gold holding at ₹1,55,670 per 10 grams. This domestic stability occurred as global bullion prices experienced a slight downturn.
The international dip stemmed from traders’ anticipation of the US Federal Reserve’s FOMC meeting minutes. Market participants sought clearer signals regarding the central bank’s future interest rate policy direction.
Key Indian & Global Rates
- 24-carat gold (India): ₹15,567 per gram or ₹1,55,670 per 10 grams
- 22-carat gold (India): ₹14,271 per gram
- 18-carat gold (India): ₹11,677 per gram
- COMEX gold futures: Decreased by 0.51% to $4,450.80 an ounce
- Silver (COMEX): Fell by 1.32% to $65.36 an ounce
Domestically, these rates reflected a marginal increase of ₹1 per gram compared to the revised prices from Monday. Notably, the reported gold rates on Monday had already undergone an upward revision on Tuesday, with 24-carat gold increasing by ₹54 per gram.
City-wise Price Overview
- Delhi: Recorded the highest prices, with 24-carat gold at ₹15,582 per gram and 22-carat gold at ₹14,286 per gram.
- Mumbai, Kolkata, Bengaluru, Hyderabad, and Pune: All quoted 24-carat gold at ₹15,567 per gram and 22-carat gold at ₹14,271 per gram.
- Chennai: Matched Mumbai’s 24-carat and 22-carat rates, but showed a higher 18-carat price at ₹12,051 per gram.
The precious metals market continues to monitor global economic developments, with central bank decisions remaining a critical factor influencing valuations. All cited gold prices are for informational purposes and remain subject to market variations.