Gold & Silver Prices Surge: Silver Up 109% Annually

Gold and silver prices across India registered an upward trend on August 18, 2026, with significant year-on-year gains recorded for both precious metals. National 24K gold was priced at Rs 1,56,210 per 10 grams, while 22K gold traded at Rs 1,43,193 per 10 grams.

Key National Price Indicators

• 24K Gold: Rs 1,56,210 per 10 grams
• 22K Gold: Rs 1,43,193 per 10 grams
• Gold Annual Increase: 56.76%
• 999 Fine Silver: Rs 2,39,110 per kg
• 925 Sterling Silver: Rs 2,21,177 per kg
• Silver Annual Increase: 109.54% (from Rs 114,110 per kg on August 18, 2025)

The year-on-year performance highlighted silver’s exceptional rally, more than doubling its value from the previous year. Gold also maintained a strong upward trajectory, reinforcing its position as a robust asset.

City-Specific Gold Rates

• Chennai: 24K at Rs 1,56,380; 22K at Rs 1,43,348 per 10 grams
• Hyderabad: 24K at Rs 1,56,180; 22K at Rs 1,43,165 per 10 grams
• Bengaluru: 24K at Rs 1,56,050; 22K at Rs 1,43,046 per 10 grams
• Mumbai: 24K at Rs 1,55,930; 22K at Rs 1,42,936 per 10 grams
• Delhi: 24K at Rs 1,55,660; 22K at Rs 1,42,688 per 10 grams
• Kolkata: 24K at Rs 1,55,720; 22K at Rs 142,743 per 10 grams

Chennai recorded the highest prices for both 24K and 22K gold among major metros. These city-specific rates reflect localized market dynamics on the given date.

Silver Market Snapshot

• Chennai: 999 fine silver at Rs 2,39,370 per kg
• Hyderabad: 999 fine silver at Rs 2,39,060 per kg
• Bengaluru: 999 fine silver at Rs 2,38,870 per kg
• Mumbai: 999 fine silver at Rs 2,38,680 per kg
• Delhi: 999 fine silver at Rs 2,38,270 per kg
• Kolkata: 999 fine silver at Rs 2,38,360 per kg

The consistent rise in precious metal values, particularly silver’s substantial year-on-year appreciation, underscores a robust demand environment. Investors continue to monitor these trends closely amidst broader economic factors.