Gold prices dip to a near three-week low in the domestic market, influenced by a firming U.S. dollar and global cues.
August 20, 2025: On Wednesday, August 20, gold price and silver in India went down. The yellow metal hit a low point on the world market that it hadn’t seen in almost three weeks. Prices are moving down for a few reasons, including the strong U.S. dollar and investors getting ready for the Jackson Hole symposium later this week.
The Multi Commodity Exchange (MCX) showed that a number of consumers were unsatisfied with the prices on the Futures Market.
The price of gold futures, which will conclude on August 5, 2025, fell 0.09% to Rs 98,611 for 10 kilos.
Silver futures, which will end on September 5, 2025, dropped 0.42% to Rs 1,10,880 per kilogram.
Price Of 22kt, 24kt Gold Prices Today In India Across Key Cities
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,950 | Rs 1,00,300 |
| Jaipur | Rs 91,950 | Rs 1,00,300 |
| Ahmedabad | Rs 91,850 | Rs 1,00,200 |
| Patna | Rs 91,850 | Rs 1,00,200 |
| Mumbai | Rs 91,800 | Rs 1,00,150 |
| Hyderabad | Rs 91,800 | Rs 1,00,150 |
| Chennai | Rs 91,800 | Rs 1,00,150 |
| Bengaluru | Rs 91,800 | Rs 1,00,150 |
| Kolkata | Rs 91,800 | Rs 1,00,150 |
The World Market Place
Prices are going down at home, just like they are everywhere else. For example, the price of gold in the U.S. fell 0.1% to $3,313.51 an ounce. The price of U.S. gold futures that will be delivered in December also dropped by 0.1%, bringing it down to $3,355.50. The main reason for this drop is that the value of the U.S. dollar has gone up and is now at its highest point in more than a week. When the dollar is strong, gold is less attractive since it costs more for people who use other currencies to buy it.
People who invest are paying close attention to what the U.S. Federal Reserve says. The Jackson Hole conference will feature a speech by Jerome Powell, who is in charge of the Federal Reserve. Later that day, the minutes from the Fed’s July meeting will also be accessible. People think that these events will provide us hints about what will happen with monetary policy in the future. Interest rate futures say that rates could drop by 25 basis points twice this year, with the first drop happening in September. Gold normally fares well when interest rates are low. This makes what the Fed says next even more important.
Things that have an effect on the price of gold in India
There are many things, both in India and outside the world, that could change the price of gold in India. These are:
International Market Rates: The price of gold around the world has a direct effect on Indian rates.
The government sets taxes and fees on imports that have a substantial effect on the ultimate price.
Changes in the exchange rate: The value of the Indian Rupee compared to the U.S. dollar is very important since gold is purchased and sold in dollars all over the world.
Gold is worth a lot of money in India, but it also has a lot of cultural significance, especially at weddings and other celebrations.This keeps demand steady. These trends are always changing, therefore investors and traders need to pay attention to them.