Gold Prices Dip Weekly, But Yearly Gains Remain Strong
By Market Desk
Indian gold prices fell 2% weekly on Aug 28, 2026, but 24K gold holds strong yearly gains. Silver also saw a dip. Explore market trends.
On August 28, 2026, gold prices in India registered an approximate 2% decline over the week, even as 24K gold traded at Rs 1,59,610 per 10 grams. Silver 999 fine also saw a weekly dip of slightly over 2%, with its price settling at Rs 2,41,800 per kg.
Current Market Snapshot
- 24K Gold (India): Rs 1,59,610 per 10 grams
- 22K Gold (India): Rs 1,46,309 per 10 grams
- Silver 999 Fine (India): Rs 2,41,800 per kg
Despite the recent downturn, gold prices maintained a robust annual performance, climbing approximately 56% over the past year. This significant long-term gain contrasts sharply with the weekly dip. Silver 999 fine demonstrated an even more impressive rally, surging by more than 105% over the same twelve-month period.
Regional Price Landscape
Among major Indian cities, Chennai reported the highest prices for both gold and silver on August 28, 2026. Conversely, Delhi recorded the lowest gold prices across the monitored urban centers. Market data also covered specific breakdowns for Mumbai, Kolkata, Bengaluru, and Hyderabad.
The commodities market presented a dual narrative, with precious metals experiencing minor weekly corrections following substantial yearly gains. Investors observed gold securing a 56% annual increase and silver notching over 105% growth. This pattern suggests underlying market strength despite immediate price pressures, indicating sustained long-term investor confidence.