Gold Prices Dip 4% Weekly, Silver Nears 100% Annual Gain
By Market Desk
Gold prices fell over 4% weekly by Aug 31, 2026, despite a 50.7% annual surge. Silver 999 fine neared a 100% yearly increase, showing market volatility.
Gold prices in major Indian cities registered a weekly decline exceeding 4% by Monday, August 31, 2026, even as the precious metal maintained a significant 50.7% annual increase. Silver 999 fine also showed robust yearly growth, nearing 100%.
Commodity Snapshot on August 31
- Gold 24K: Rs 1,56,850 per 10 grams
- Gold 22K: Rs 1,43,779 per 10 grams
- Silver 999 fine: Rs 2,42,190 per kg
- Silver 925 sterling: Rs 2,24,026 per kg
The recent downturn saw gold rates fall more than 4% over the past week, contrasting sharply with its substantial 50.7% rise over the last year. Silver 999 fine demonstrated even stronger momentum, increasing 11% over the past month and nearly 100% annually.
City-Specific Pricing Trends
- Chennai recorded the highest prices for both gold and silver.
- Delhi observed the lowest gold prices.
These figures, reported by Bullion.co.in, highlight the fluctuating nature of precious metal markets. Despite short-term declines, both gold and silver have delivered considerable long-term gains for investors across Mumbai, Delhi, Chennai, Kolkata, and Bengaluru.