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Gold Price Today (August 28): Gold Falls Rs 160 on Raksha Bandhan; Silver Gains Rs 882

24-carat gold is quoted at Rs 1,58,226 per 10 grams, while silver rises to Rs 2.40 lakh per kg.

Deepak Tiwari by Deepak Tiwari
August 28, 2026
in Business
Reading Time: 2 mins read
Gold Price Today (August 28): Gold Falls Rs 160 on Raksha Bandhan; Silver Gains Rs 882
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New Delhi/Patna: Gold prices declined slightly on Friday, coinciding with Raksha Bandhan, while silver prices moved higher.

According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by Rs 160 to Rs 1,58,226. Meanwhile, silver gained Rs 882 per kilogram to Rs 2.40 lakh.

Gold rates by purity

The latest rates shown in the market data are:

Purity Price per 10 grams
24-carat Rs 1,58,226
22-carat Rs 1,44,935
18-carat Rs 1,18,670
14-carat Rs 92,562

Patna gold rate at Rs 1,59,870

The city-wise rate for 10 grams of 24-carat gold is listed at:

  • Delhi: Rs 1,59,870
  • Mumbai: Rs 1,59,820
  • Kolkata: Rs 1,59,820
  • Jaipur: Rs 1,59,870
  • Bhopal: Rs 1,59,870
  • Patna: Rs 1,59,870
  • Lucknow: Rs 1,59,870
  • Raipur: Rs 1,59,820
  • Ahmedabad: Rs 1,59,870

Retail prices can differ from benchmark bullion rates depending on local market conditions and other applicable charges.

Gold remains significantly costlier in 2026

Despite the latest decline, gold has risen sharply since the beginning of the year. On December 31, 2025, 10 grams of gold was priced at around Rs 1.33 lakh, compared with Rs 1.58 lakh now.

Silver has also gained during the same period, rising from Rs 2.30 lakh per kg at the end of 2025 to around Rs 2.40 lakh currently.

The precious metals have experienced substantial volatility this year. Gold touched an all-time high of Rs 1.76 lakh per 10 grams, while silver reached an all-time high of Rs 3.86 lakh per kg on January 29.

The latest movement comes as buyers in Bihar and across the country observe Raksha Bandhan, a festival traditionally associated with increased purchases of jewellery and other gifts.

Tags: bullion marketGoldIndia Bullion and Jewellers Association (IBJA)Multi Commodity Exchange (MCX)Silver

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