Gold Rate Today 28 August: The prices of gold and silver are experiencing fluctuations during the festive period. Following a decline in gold prices yesterday, there has been an increase today. On August 28, the price of gold has changed. Currently, 24-carat gold is priced at ₹1,02,600 for ten grams. As for silver, it is priced at ₹1,19,900 per kilogram.
Gold Rate Today 28 August: Gold price in major cities
Today, the price of gold has experienced a minor drop in major cities. Let's find out the current gold prices in key cities, including Delhi:
City 24 Carat Gold Rate (₹/10 gm) 22 Carat Gold Rate (₹/10 gm)
Delhi ₹1,02,600 ₹94,060
Ayodhya ₹ 1,02,600 ₹94,060
Chandigarh ₹ 1,02,600 ₹94,060
Hyderabad ₹1,02,450 ₹93,910
Jaipur ₹ 1,02,600 ₹94,060
Bengaluru ₹1,02,450 ₹93,910
Mumbai ₹1,02,450 ₹93,910
Patna ₹1,02,250 ₹93,960
Kolkata ₹1,02,450 ₹93,910
Lucknow ₹ 1,02,600 ₹94,060
Silver Rate Today 28 August: Know the rate of silver in major cities
City Silver Price (₹/Kilogram)
Delhi ₹1,19,900
Ayodhya ₹1,19,900
Chandigarh ₹1,19,900
Hyderabad ₹1,19,900
Jaipur ₹1,19,900
Bengaluru ₹1,19,900
Kolkata ₹1,19,900
Gold Silver Rate: How and why do gold prices change in India?
The trading of gold by central banks globally significantly influences this. Currently, not all central banks maintain complete reserves. This situation causes swift changes in gold prices. In essence, central banks account for a substantial portion of the demand for gold. When demand surpasses expectations, central banks quickly raise gold prices. This occurs frequently, leading to a significant rise in gold prices.