Gold Rates in India: Check 24 Carat and 22 Carat Prices on August 23

Gold Rates in India: Gold continues to remain one of the most trusted investments for Indian households. Today’s gold prices have seen a small dip, giving buyers and investors a chance to take a closer look at the market. Let’s check the latest rates and reasons behind the change.

Current Gold Rates in India

24-carat gold (pure): around ₹10,093 per gram, which comes to nearly ₹1,00,930 per 10 grams. 22-carat gold: about ₹9,248 per gram. Across cities like Delhi, Mumbai, and Chennai, the price of 24K gold is moving between ₹1,00,775 – ₹1,00,933 per 10 grams.

Type of Gold Price

24K Gold ₹10,093 per gram (≈ ₹1,00,930 per 10g)
22K Gold ₹9,248 per gram
MCX Futures ₹99,235 per 10g
Physical 24K Gold ₹1,00,520 per 10g

Gold prices are slightly down today, but festive demand could push them up again soon. For buyers, this dip may be a good opportunity to purchase before prices rise ahead of festivals.

Market Trend and Price Movement

On August 22, gold futures on MCX slipped by ₹200, trading near ₹99,235 per 10 grams. Physical gold also became slightly cheaper, with 24K gold down by ₹10 at ₹1,00,520 per 10 grams. The fall, though not very sharp, shows how international factors are directly affecting the Indian gold market.

Why the Prices are Dropping

The main reason for today’s softer prices is global uncertainty. Investors are waiting for U.S. Federal Reserve Chair Jerome Powell’s speech, which may indicate whether interest rates will change. Such updates usually influence international gold prices.

In India, demand has been quieter than usual about 60% lower than normal. However, jewellers have started making small purchases as the festive season of Dussehra and Diwali is approaching, which may support prices in the coming weeks.