The festival of Raksha Bandhan is set to be celebrated on Friday, August 28. A day prior, on Thursday, gold prices in the country witnessed a decline. On the morning of August 27, the price of 24-carat gold in the capital, Delhi, slipped to ₹1,63,890 per 10 grams. In Mumbai, Kolkata, and Chennai, the rate stands at ₹1,50,090 per 10 grams. It is reported that gold prices have dropped due to profit-booking following a period of significant gains over several weeks. A strengthening dollar is also cited as a contributing factor. In the international market, spot gold is trading at $4,619.21 per ounce.

Gold rates in major cities across the country:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,63,890 per 10 grams. The rate for 22-carat gold is ₹1,50,240 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,50,090 per 10 grams, while the price of 24-carat gold is ₹1,63,740 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹1,63,740 per 10 grams. The rate for 22-carat gold is ₹1,50,090 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,63,740 per 10 grams, and the price of 22-carat gold is ₹1,50,090 per 10 grams.

City    Today's Price of 22-Carat Gold (₹)    Today's Price of 24-Carat Gold (₹)

Delhi                   150240                      163890

Mumbai              150090                      163740

Ahmedabad        150140                      163790

Chennai              150090                      163740

Kolkata               150090                       163740

Hyderabad         150090                       163740

Jaipur                 150240                        163890

Bhopal                150140                       163790

Lucknow             150240                       163890

Chandigarh        150240                      163890

Silver Price

A decline is also visible in the price of silver, another precious metal. On the morning of August 27, silver is priced at ₹2,59,900 per kilogram. In the international market, the price of spot silver stands at $68.50 per ounce. Domestic prices of gold and silver are influenced by both domestic and global factors.