There has been a big fall in the prices of gold and silver again before Rakshabandhan. Just before Rakhi, the price of gold has fallen by about Rs 5,000. The price of gold has slipped by Rs 2,860 in a single day.
The price of gold which had reached Rs 1.63 lakh, has today reached Rs 1.58 lakh per 10 grams. If we compare the price of gold with its all-time high price, it has become cheaper by about Rs 18,000 and the price of silver has fallen to Rs 2.40 lakh (although there are signs of a fall to Rs 1.46 lakh). This news is quite a relief for those buying gold and silver on Rakhi.
Price of gold and silver on 27th August
According to the ratelist released on the website of India Bullion and Jewelers Association, there has been a big fall in the prices of gold and silver. On August 27, the prices of gold ranging from 24 carat to 14 carat are like this. Even on MCX today, the price of gold has slipped by Rs 1,143 to Rs 1,58,611 per 10 grams. In the international market, Comex gold has fallen from $4,643 to $4,596 an ounce.
- 24 karat purity gold: Rs 1,58,477 per 10 grams
- 22 carat purity gold: Rs 1,45,165 per 10 grams
- 18 karat purity gold: Rs 1,18,858 per 10 grams
- 14 karat purity gold: Rs 92,709 per 10 grams
- Price of 1 kg silver: Rs 2,40,168 per kilogram
How much did gold become cheaper?
There was a big rise in the price of gold in the first two days of this week. Within a week, gold had crossed the mark of Rs 1.63 lakh in the domestic market and Rs 1.64 lakh on MCX. Now gold is falling again. In the last three days, gold has fallen by more than Rs 5 thousand.
The price of gold has fallen from Rs 1.63 lakh at the beginning of the week to Rs 1.58 lakh today. Talking about silver, it has fallen from Rs 2.46 lakh to Rs 2.40 lakh per kg.
Huge fluctuations in gold and silver in the year 2026
This year, there has been a lot of fluctuation in the prices of gold and silver. Compared to the year 2025, this year the price of gold has become costlier by Rs 29,000. On December 31, 2025, the price of 10 grams of gold had reached Rs 1.33 lakh, but on January 29, 2026, gold broke all records and crossed Rs 1.76 lakh per 10 grams.
Compared to this highest price, the price of gold has fallen by Rs 18 thousand today. Similarly, silver had reached a record level of Rs 3.86 lakh on January 29, which has now slipped to Rs 2.40 lakh.
Why did the rates of gold and silver fall?
There are many reasons behind the fall in the prices of gold and silver. The decrease in demand for gold due to the global situation and the strengthening of the dollar has a direct impact on the prices. A major reason behind the decline this time is the inflation figures released in America.
Inflation rate in America has reached 3.3 percent. These inflation figures have reduced expectations of a cut in interest rates from the Federal Reserve. Investors are speculating that the Federal Reserve may increase interest rates next month. The Fed's interest rates move in the opposite direction to gold—if interest rates go up, gold will become cheaper, and if interest rates go down, demand for gold will increase.
Impact of news from America
Investors are also keeping an eye on Fed Chairman Kevin Worsh's comments this week. Gold has come under pressure due to less expectations of interest rate cut. In the global market, spot gold fell 1.4% to $ 4,592.97 an ounce, while the dollar strengthened 0.3%. Apart from this, profit booking is also a major reason for gold falling. After the rise in gold prices in the last three days, investors have started booking profits, after which the prices have started falling continuously.