Gold, silver prices on August 11: Gold stays above ₹1.5 lakh, silver remains elevated
Gold and silver prices remained elevated in India on Tuesday, August 11. The latest available data showed 24K gold at ₹1,53,340 per 10 grams, while silver stood at ₹2,37,840 per kg around 6:40 am. Rates can vary by city, jeweller and time of purchase.
Gold price today in India
The 24K gold rate was around ₹15,334 per gram or ₹1,53,340 per 10 grams. On the same basis, the indicative 22K rate works out to around ₹14,056 per gram or ₹1,40,556 per 10 grams.
| Purity | 1 gram | 10 grams |
|---|---|---|
| 24K gold | ₹15,334 | ₹1,53,340 |
| 22K gold | ₹14,056* | ₹1,40,556* |
22K figures are indicative conversions from the reported 24K rate and may differ from individual jeweller rates.
Gold Rates in Major Indian Cities
| City | 22K Gold (10g) | 24K Gold (10g) | 18K Gold (10g) |
| Mumbai | ₹ 1,40,322 | ₹ 1,53,190 | ₹ 1,14,893 |
| Delhi | ₹ 1,40,182 | ₹ 1,53,037 | ₹ 1,14,778 |
| Bengaluru | ₹ 1,40,182 | ₹ 1,53,037 | ₹ 1,14,778 |
| Chennai | ₹ 1,41,444 | ₹ 1,54,414 | ₹ 1,15,811 |
| Kolkata | ₹ 1,41,303 | ₹ 1,54,261 | ₹ 1,15,696 |
| Hyderabad | ₹ 1,37,400 | ₹ 1,49,890 | ₹ 1,14,500 |
| Ahmedabad | ₹ 1,39,740 | ₹ 1,52,440 | ₹ 1,14,330 |
| Pune | ₹ 1,40,182 | ₹ 1,53,037 | ₹ 1,14,778 |
| Coimbatore | ₹ 1,37,500 | ₹ 1,50,000 | ₹ 1,14,550 |
| Kochi | ₹ 1,39,290 | ₹ 1,51,960 | ₹ 1,13,970 |
Silver price today in India
Silver was trading at around ₹2,37,840 per kg, equivalent to approximately ₹237.84 per gram.
| Quantity | Approx. price |
|---|---|
| 1 gram | ₹237.84 |
| 10 grams | ₹2,378.40 |
| 100 grams | ₹23,784 |
| 1 kg | ₹2,37,840 |
Silver Rates in Major Indian Cities
| City | 10 Grams | 100 Grams | 1 Kilogram (1 Kg) |
| Mumbai | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Delhi | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Bengaluru | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Chennai | ₹ 2,500 | ₹ 25,000 | ₹ 2,50,000 |
| Kolkata | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Hyderabad | ₹ 2,500 | ₹ 25,000 | ₹ 2,50,000 |
| Ahmedabad | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Pune | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Vadodara | ₹ 2,450 | ₹ 24,500 | ₹ 2,45,000 |
| Kochi | ₹ 2,501 | ₹ 25,010 | ₹ 2,50,100 |
Gold and silver rates vary across cities
Retail prices can differ between Mumbai, Delhi, Chennai, Bengaluru, Kolkata, Hyderabad and other markets because of local market conditions and jeweller pricing. The quoted bullion rate should therefore be treated as a benchmark rather than the final jewellery purchase price.
Why gold prices are in focus
Gold has been rising for a third consecutive session in global markets, with investors watching upcoming US inflation data for clues about the Federal Reserve's interest-rate outlook. Expectations around US rates can influence demand for gold because the precious metal does not pay interest.
GST and making charges
The quoted gold rate does not represent the final amount payable for jewellery. Buyers also need to account for applicable GST and making charges, which vary depending on the jeweller and the design.
For silver jewellery and articles, the final price can similarly differ from the bullion rate because of GST and making or processing charges.
Gold vs silver prices today
On August 11, gold remained significantly more expensive on a per-unit basis, while silver continued to trade at elevated levels compared with earlier months. Both precious metals are being closely watched amid global economic uncertainty and expectations surrounding US monetary policy.
(Disclaimer: Gold and silver rates mentioned in this article are indicative and may vary by city, jeweller, purity, market conditions and the time of purchase. The final jewellery or silver article price may also include GST, making charges and other applicable costs. Readers should verify the latest rates with authorised jewellers or bullion dealers before making any purchase or investment decision.)