Gold rate today, August 19: Prices hold steady; check city-wise rates
Gold prices in India remained virtually unchanged on August 19, with 24K, 22K and 18K gold each rising by just ₹1 per gram from the previous day. On August 19, 24K gold stood at ₹15,590 per gram, while 22K and 18K gold were priced at ₹14,291 and ₹11,693, respectively, compared with ₹15,589, ₹14,290 and ₹11,692 on August 18.
| Purity | Price (Per Gram) |
| 24K Gold (99.9% purity) | ₹15,590 |
| 22K Gold (91.6% purity) | ₹14,291 |
| 18K Gold (75% purity) | ₹11,693 |
City-wise gold rate (1 gram)
| Cities | 24 Carat | 22 Carat | 18 Carat |
|---|---|---|---|
| Chennai | ₹15,590 | ₹14,291 | ₹12,071 |
| Mumbai | ₹15,590 | ₹14,291 | ₹11,693 |
| Delhi | ₹15,605 | ₹14,306 | ₹11,708 |
| Kolkata | ₹15,590 | ₹14,291 | ₹11,693 |
| Bangalore | ₹15,590 | ₹14,291 | ₹11,693 |
| Hyderabad | ₹15,590 | ₹14,291 | ₹11,693 |
| Thiruvananthapuram | ₹15,590 | ₹14,291 | ₹11,693 |
City-wise silver rate
| City | (10 grams) | (100 grams) | (1 kg) |
| Chennai | ₹2,549 | ₹25,490 | ₹2,54,900 |
| Mumbai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Delhi | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Kolkata | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Bangalore | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Hyderabad | ₹2,549 | ₹25,490 | ₹2,54,900 |
| Kerala | ₹2,549 | ₹25,490 | ₹2,54,900 |
Gold production and its impact on prices
Gold prices in India are influenced by several factors, including global production and supply. China is currently the world’s largest gold producer, while South Africa, which once dominated global gold production, has seen its share decline significantly over the years.
Changes in gold production can affect prices by influencing the global supply of the precious metal. A decline in production could put upward pressure on prices if demand remains strong. Conversely, increased production can help ease supply pressures.
However, gold prices are also driven by other factors, including consumer demand, global economic conditions, interest rates, inflation, currency movements and geopolitical developments. When demand remains strong relative to supply, gold prices can stay elevated even when production increases.